On Jul 20, 9:41 am, Robert Cohen
msn.com> wrote:> On Jul 19, 11:10 pm, "blablabla"
isp.com> wrote:
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>>> "Robert Cohen"
msn.com> wrote in message>
>
>>> On Jul 19, 8:02 am, ZerkonX
X.net> wrote:>
>>>> On Fri, 18 Jul 2008 21:15:38 -0700, Immortalist wrote:
>>>>> To profit from the stock price going down, short sellers can borrow a
>>>>> security and sell it, expecting that it will decrease in value so that
>>>>> they can buy it back at a lower price and keep the difference.
>
>>>> To REALLY profit a short seller, or fund, can get their bud, or partner,
>>>> at one of the financials to downgrade the stock, or to publish something
>>>> negative, or to have 'inside' information on a litigation, or... dang,
>>>> so
>>>> many ways.
>
>>>> This is very interesting...
>
>>>>> Political fallout from the 1929 crash led
>>>>> Congress to enact a law banning short sellers from selling shares
>>>>> during a downtick; this was known as the uptick rule, and was in
>>>>> effect until 2007.
>>>>> President Herbert Hoover condemned short sellers
>>>>> and even J. Edgar Hoover said he would investigate short sellers for
>>>>> their role in prolonging the Depression. Legislation introduced in
>>>>> 1940 banned mutual funds from short selling (this law was lifted in
>>>>> 1997)...- Hide quoted text -
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>>>> - Show quoted text -
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>>> Imho:
>
>>> Market tactics or plays, changes, and dynamics are very much dependent
>>> upon knowing and utilizing information.
>
>>> "Information" quality can be all the way from "metaphysical certainty"
>>> to cab driver gossip milll rumor.
>
>>> It takes skill, pluck and luck to manipulate, acquire & exploit
>>> "inside" ideas, before others know and act, and eventually mass media
>>> publicize the info often "too late" into the situation or ex post
>>> facto.
>
>>> The markets imho are about multitudes of zero sum games of winners and
>>> losers constantly.
>
>>> It takes knowledge and experience to know how to play, whether to
>>> hedge, to go long, or to go short on a stock or commodity.
>
>>> Quick knowledge & quick exploitation of a crop freeze in Calif,
>>> Brazil, Chile, Timbuctu etal is a typical factor.
>
>>> These phenomena are a sophisticated jungle, not totally dis-similar to
>>> the overall reality of ordinary existence or life as one perceives it.
>
>>> For hypothetical example (using semi-colorful hack descriptive cliches
>>> and idiomatic expressions)
>
>>> Suppose one owna part of a business that is seemingly going great
>>> guns, and seemingly making beaucoups of moola hand over fist.
>
>>> Mr. J.P. Bulgebottom, the largest stockholder of the thriving ACME,
>>> decides that now is the time to buy more stock, hoping ACME merges
>>> with competitor BOKI, which itself has made some really big money from
>>> a recent freak gold mine discovery in rural Manitoba.
>
>>> ACME's shittey stock has stayed aound $9 a share since Clinton exited
>>> the Presidency.
>
>>> Meanwhile, Bulgebottom's secretary plays bridge with your cousin's
>>> niece every Thursday night, and
>>> casually comments that ole J.P. is seemingly buying ACME stock, as
>>> the price is now $11.75
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>>> That's how "catch as catch can" the stock market is thought of by me.
>
>>> Purchases are reported to the Securities Exchange Commission within a
>>> few days as required by law, and thus the insider buying becomes
>>> officially widely known.
>
>>> ACME ascends to $18 when the news magazine Barron's writes up
>>> Bulgebottom's purchase.
>
>>> Particularly if ya don't think my hypothetical anecdote is
>>> "normative", then please un-chime in.- Hide quoted text -
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>>> - Show quoted text -
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>> FORTUNE published this article in March, 2008.
>
>> "HOW WALL STREET LOST ITS WAY"
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>
>> The leverage upon leverage upon leverage based upon the "SECURATIZING"
>> of mortgages of apparently often highly risky or dubious quality
>
>> To me, the simple explanatory essence of the paradox or contradiction
>> is that:
>
>> WALL STREET FIRMS and ORIGINATING MORTGAGE BROKERS AREN'T PAID FOR
>> LOANS & SALES THEY DON'T BOOK
>
>> So they compromise traditional hard-nose banking standards and also
>> common sense to make their commissions in the disengenuous or flawed
>> pretentious rigamarole.
>
>> Thus Wall Street and the mortgage industry are responsible for their
>> own failings.
>
>> Ain't I great at my glib Monday morning quarterbacking?
>
>> -----------------------------
>
>> YES you are, but, the financial incompetents, crims, and thugs on wall
>> street, in the banks, in the fed, and the govt treasury should be horse
>> whipped 100 times, then sent to Sing Sing for the term of their natural life
>> .... and the problem will NEVER happen again.
>
>> It reallly is sooooooooooooooooo SIMPLE to fix the problems.
>
>> The problem is, *they* do not want to.
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>> Who is *they* you ask?
>
>> You don't know yet? sheeeeeesh! wake up.
>
>> OK enough from me, and no i'm not an "expert", all financial experts should
>> get a REAL JOB or take up farming for a living.
>
>> -
>> thx sean- Hide quoted text -
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>> - Show quoted text -
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> re: Israel and oil
>
> Wall Sreet backers and all other upholders of Israel have been
> seemingly oblivious to OPEC & the Yom Kippur War, 1973
>
> They have truly done so ineptly about changing dependence on oil;
> which is a problem that I've been
> personally agonizing about since the oil selling boycott of 1973,
> never taking my mind off the challenge, and actually in frustration
> running for political office myself.
>
> The current crashing has been an inevitable, and simply
> blaming the real estate bubble bust is bubble-headed.
>
> Thus Saudi Arabia (& Iran etal) laughs at the suddenly Oliver Twist
> Bush II begging 'em to produce more oil gruel.
>
> They feel they are getting their deity's due revenge
>
> The Iraq fiasco was much about Israel & oil, and the quagmire brings
> down the U.S. dollar and everything else.- Hide quoted text -
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> - Show quoted text -
