Goodbye, Lehman Brothers. It was nice knowing you. This was one of the firms that didn't want to hire me, so the collapse serves them right.
Thanks for nothing, you well-bred preppies! Now you're out on your hind quarters; brother can you spare a dime? MUUUUUAAAAAAHAHAHAHA!!!! Maybe you can call your rich mommies and daddies to get full custody of your trust funds! You'll need to liquidate them if you want to keep those oh-so-posh Lower Manhattan converted lofts of yours. Welcome to the world of austerity, you spoiled brats. This is what you get for not listening to people like me who rely on competence and integrity to make up for lack of a pedigree. Tune in to this blog, preppies, if you'd like some insights on how to make real money.
Meanwhile, the long-awaited Big Crash is probably upon us as of tomorrow. Will the DJIA go to 10,000? 9000? Even lower? Who knows, but I am very glad that I've been bearish on XLF for the past few months.
Need more info to prepare for tomorrow?
I'll be thinking about going long again, but not until later this month when the dust from all of this chaos has settled. Stocks and their indexes will soon be on sale at record low prices!
Nota Bene: Anthony J. Alfidi holds a long put and short calls on XLF, and holds short calls on SPY and IWM. He holds no position in LEH and never has, thank God.
A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including a government-brokered takeover of Merrill Lynch by the Bank of America for $50 billion.
Thanks for nothing, you well-bred preppies! Now you're out on your hind quarters; brother can you spare a dime? MUUUUUAAAAAAHAHAHAHA!!!! Maybe you can call your rich mommies and daddies to get full custody of your trust funds! You'll need to liquidate them if you want to keep those oh-so-posh Lower Manhattan converted lofts of yours. Welcome to the world of austerity, you spoiled brats. This is what you get for not listening to people like me who rely on competence and integrity to make up for lack of a pedigree. Tune in to this blog, preppies, if you'd like some insights on how to make real money.
Meanwhile, the long-awaited Big Crash is probably upon us as of tomorrow. Will the DJIA go to 10,000? 9000? Even lower? Who knows, but I am very glad that I've been bearish on XLF for the past few months.
Futures pegged to the Dow Jones industrial average fell more than 300 points in electronic trading Sunday evening, pointing to a sharply lower open for the blue chip index Monday morning. Asian stock markets were also falling.
Need more info to prepare for tomorrow?
U.S. stock index futures tumbled late on Sunday, pointing to a sharply lower Wall Street open on Monday on fears the meltdown in asset values in the U.S. banking system could impact the broader U.S. economy as credit is restricted further while U.S. house prices continue to fall.
I'll be thinking about going long again, but not until later this month when the dust from all of this chaos has settled. Stocks and their indexes will soon be on sale at record low prices!
Nota Bene: Anthony J. Alfidi holds a long put and short calls on XLF, and holds short calls on SPY and IWM. He holds no position in LEH and never has, thank God.
