Cara's Commentary & Community Chat, Thurs., Feb. 5, 2009

[7:17am ET] The Bernard Madoff scandal will focus the eyes of the world on the reality of Wall Street, the same one I have been writing about here for almost five years.

The performance audit of the Madoff Fund was done only by Madoff’s brother,


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aucourant
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aucourant

A very interesting take on how the corruption in high places will prevent the American people from buying into plans to bail us out of the mess were in. Same with the UK. Basically Obama’s efforts will fail because people don’t trust the government and mistrust the efforts of those who got us into this mess in the first place.

http://tinyurl.com/dk4942

Johnny
Guest
Johnny

So far I couldn’t have been more wrong on the day. Hope everyone is on the right side and making money.

Chickenpookie
Guest
Chickenpookie

I’m sure some of the decrease in nat gas consumption is from a slowing economy, manufacturing has hit a wall (or speedbump?), so less demand while production capacity has increased.

I’m expecting higher nat. gas prices too, just not yet.

barry
Guest
barry

If there is a play in Natgas this spring, it should be in the next few weeks. I wish I had better charting but you can line up these two charts and get a view. Seasonals here http://www.seasonalcharts.com/future_energie_natur… verses Storage, the storage anticipation buying might rise soon(or already be happening). http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs… By the way, oil follows a close pattern seasonally and I was looking for my entry about option expiration day. FWIW http://www.seasonalcharts.com/future_energie_crude… While this does fine in bullish years, this is the first bear of this magnitude I have experienced trading and I am very cautious as you seem… Read more »

swissrobinson
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swissrobinson
Ron Sen
Guest
Ron Sen

http://tinyurl.com/crqk3s

We know what Katie’s talkin’ about.

swissrobinson
Guest
swissrobinson

>If the stock opens down substantially in early trading tomorrow morning I’ll be opening a collar on the Jan ’10 2.50 options. Yes I noted those options as well. Could be missing out on substantial gains there but ESLR after hours at 2.04 with a call premium of .95 makes for a low entry point and compelling buy. Over 100% profit is nothing to sneeze at. Pity there’s no puts underlying this price! I’m convinced/I’ve convinced myself that there’s gotta be another drop before a substantial rally occurs, otherwise this has been one hell of a wussy bear market compared… Read more »

swissrobinson
Guest
swissrobinson

>Common Sense lost the will to live… I disagree. Common sense was murdered! *play dramatic music* *Voice of reporter* Detectives on the case reasoned that suspect A, capitalism, an old hand at the game and looking for new profits, got into bed with suspect B, legalism, in order to plunder new depths of depravity. Detectives suggest that the suspects’ actions show sufficient motivation for the murder of common sense and an APB has been put out to all units for their arrest. Although detectives have their suspicions that there was a mastermind behind this nefarious plot, due to insufficient evidence… Read more »

NYUGrad
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NYUGrad
number2son
Guest
number2son

Earnings did come in below the guidance provided in their Q3 report. They gave a range of $13-19 million for their net loss and it came in at negative $23 million. This was due primarily to the reduction in average sale price and the stronger dollar versus the euro. They have fared no worse than other companies facing “challenging” economic times. Management has wisely chosen not to provide future guidance given the uncertain economic times we live in. They have no control over prices, but they have been hoeing a close row when it comes to meeting their goals for… Read more »

proudPapa
Guest
proudPapa

One more thing, looking at the historical natural gas consumption numbers going all the way back to 2001 it’s actually quite shocking how little consumption varies and has changed in 7 years…

FranSix
Guest
FranSix

Canadians should be happy that a normal person wants to come here in winter.

vinod
Guest
vinod
Mackinaw
Guest
Mackinaw

This rankles my cackles. Obama, citing a preoccupation with U.S. domestic concerns, wants a short and sweet trip to Ottawa, without an address to the Canadian Parliament. O.k., fine. Shrug off your largest trading partner, also the LARGEST international trading relationship on the planet, and, potentially, the saviour of your short-term energy problems. Why the hell do we, Canadians, put up with this nonchalant US behaviour? Fine we’ll build a pipeline to the west, and sell our oil to Asia! Oh, I forgot, Canada was bought and paid for long ago, as noted in George Grant’s “Lament for a Nation”,… Read more »

proudPapa
Guest
proudPapa

Barring unusual weather, I’d expect demand for natural gas to vary less from history than I would oil. My understanding (and this is based on not much in the way of evidence) is that oil is used to produce all sorts of transport fuel (gas, diesel, jet fuel) and plastics (consumer goods). Recession lowers demand for all of these things. Natural gas is used for heating (not many people going to scrimp here), electricity (they might try, but it seems to me changes in electrical consumption behavior make a marginal difference to my bill, so i doubt change would be… Read more »

aucourant
Guest
aucourant

I remember the big run-up of gold to $850 a few decades ago. The story at that time was that gold was a good hedge against inflation. However, it soon became apparent that gold went up because people believed the story that gold was a good hedge against inflation. So it arced up parabolically and then, just as quickly, came crashing down. That really left me with the impression that it is the story, and people’s belief in the story, that is important. Of course a good story is always based on something true. But somehow it gets ahead of… Read more »

Johnny
Guest
Johnny

I know it’s childish of me, but I’m still laughing. Great flowchart.

Chickenpookie
Guest
Chickenpookie

Johnny – Yep, some call it a Ponzi scheme, kaimu calls it dishonest money, others believe it’s a game of shells. Here’s someone’s attempt at explaining the process in flowchart form, although I believe they’ve unnecessarily overcomplicated the process:

http://www.geocities.com/rebornempowered/mandrake/

Johnny
Guest
Johnny
Johnny
Guest
Johnny

“Michael Steele has requested the resignations of the entire RNC staff and signaled a dramatic turnover at the party organization.” http://tinyurl.com/awdckt