Dame Daxx

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  • Oil Bear Markets
    Not just the amount of the decline, but the speed in which it has happened.
    Nov 13 20:44 pm |Rating: 0 0 |Link to Comment |View article
  • A $40 Bottom in Oil?
    I read that Oil bear markets erase 75% of the gain, which would get us to $37, or close to $40.
    Nov 05 20:13 pm |Rating: +1 0 |Link to Comment |View article
  • FOMC Statement: What It Really Says
    Timothy Geithner is in the running to be Obama's Treasury Sec.
    Oct 29 22:03 pm |Rating: 0 0 |Link to Comment |View article
  • Boone Pickens' Holdings
    CHK has doubled since Friday.

    Boone has stumbled on oil all year. When it first hit $100 (going up) he shorted, losing a lot. Then he switched to being long, only to get hit again when it came down.

    The markets, all markets, this year have just been a Casino. I like this quote from the FT yesterday:

    "So many trading models have failed catastrophically over the past months that the survivors can wonder if anything other than randomly distributed luck can be relied on."
    Oct 14 21:19 pm |Rating: 0 0 |Link to Comment |View article
  • Is Gold A Sucker's Bet?
    China said last month that it intends to diversify its foreign exchange holding, adding to Gold. Among the areas forecast for the greatest growth in are the Middle East and India, both areas that have an historic affinity for Gold.

    Gold is whack and it's never going back.
    Oct 11 17:06 pm |Rating: 0 0 |Link to Comment |View article
  • Quitting the Hedge Fund Game - Mark Sellers
    His largest remaining position is Contango Oil & Gas (MCF).
    Oct 11 12:15 pm |Rating: 0 0 |Link to Comment |View article
  • Nouriel Roubini Predicts (Surprise!) a Long Recession
    In 1999 when the markets were going Parabolic Up, Abby Cohen and Henry Blodgett were the "most accurate" forecasters. Now they're going Parabolic Down, Marc Faber and Rubini are the "most accurate".
    Oct 09 10:03 am |Rating: 0 0 |Link to Comment |View article
  • America Needs a Turnaround Plan
    The USA needs to look at the Spending side of its account.

    Like, Medicare is the Largest Purchaser of Prescription Drugs in the World. But it is not allowed to Negotiate Prices with the Drug Companies. What the Heck is up with That?
    Oct 05 14:00 pm |Rating: 0 0 |Link to Comment |View article
  • Cannibalism: The Latest Hedge Fund Strategy?
    I agree copperbaron. Doesn't that mean the the Private Equity groups will be the next shoe to drop ,from this many shoed naughty centipede of financial over-indulgence? Who knows what they're marking to.

    I'm short BX (via puts).
    Oct 04 22:41 pm |Rating: 0 0 |Link to Comment |View article
  • Cannibalism: The Latest Hedge Fund Strategy?
    Back in March when Bear Stearns collapsed, the story was how well the hedge funds were doing compared to the investment banks.

    Now the IB's are gone. The Hedge Funds are crumbling. The strongest traders are falling just as the strongest stocks are falling.
    Oct 04 19:13 pm |Rating: 0 0 |Link to Comment |View article
  • Calling an Intermediate Bottom
    I agree with you that we're at an intermediate bottom.

    What I'm struggling with is trying to identify which sectors will lead this rally. Apart from Healthcare, which is becoming a little crowded.
    Oct 03 11:31 am |Rating: 0 0 |Link to Comment |View article
  • Could America Echo Japan's Mistakes?
    I like the Swedish example, where the Govt took an equity stake in banks so that the Taxpayer got some upside when the housing market rebounded.

    If we're going to Socialize the Losses, then let's Socialize the Gains.
    Sep 27 21:26 pm |Rating: 0 0 |Link to Comment |View article
  • Performance for Harvard, Yale Endowments in 2008
    Very impressive. But through what period is this? DBC is only up 9% YTD (it's down 25% since the end of June).
    Sep 20 14:46 pm |Rating: 0 0 |Link to Comment |View article
  • Have We Reached a Near-Term Bottom?
    Two months ago we also had a big Short Covering Rally in Financials. But that was accompanied by a Massive Sell Off in Commodity Stocks

    This time it's quite different. Financials have rallied, but Commodity Stocks were also up a lot today. This suggests that we're seeing not just some Sector Rotation, but New Money coming into the Market today.

    I have much greater conviction in this Bottom than in the other 4 we're so far seen this year.
    Sep 19 21:05 pm |Rating: 0 0 |Link to Comment |View article
  • SEC Bans Shorting Financials
    American Express (AXP) isn't there either. But Blackstone (BX) and Och Ziff (OZM) are there. Protecting the Hedge Funds but not the Credit Card Companies?
    Sep 19 08:28 am |Rating: 0 0 |Link to Comment |View article

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