Things to Watch 8-27-07

August 27, 2007 on 9:37 am | In Old Posts |

I’ll be brief but this is the time frame we have all been wondering about, the time when the pinstripe bandits finally take their vacation. Look for very thin but volatile markets all week. I’m watching the bankster stocks closely not so much for what their stocks do, but what their bonds do. There are more rumors flying around than interns at a Bubba Clinton birthday party so whatever you do folks, don’t play the rumor, play safe. The other area of interest to me, is unfortunately back to the geopolitical front. There is an uneasy quiet in the Middle East and I fear it’s the prelude to something larger on the Isreali-Syria-Lebanon front. There are reports that Damascus has ordered Hamas to prepare for “massive” suicide attacks inside and against Israel so watch the news today and this week. Lastly, the weather may be quiet now, but for some reason we always seem to get a hurricane threat around Labor Day. So watch the tropics gang. I hate the quiet before the storm, but it appears we have too much quiet and way too many rats stirring around causing problems.

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  1. Hi John,

    Can you comment as to what you believe our nation will look like in 6 mos to 1 year?? I believe we will see MASSIVE changes in every realm, especially socially….This is my “gut feeling”, but I don’t have the expertise to back it up. Can you give us your feeling regarding this??

    Thanks!

    Comment by Ken — August 27, 2007 #

  2. I guess as Gadalf tells Pippin in the quiet before the armies of Mordor launch their assault - “It’s the deep breath before the plunge”.

    I suppose like Pippin, we can all agree that being on the edge of a battle we cannot escape is even worse than being in one.

    Comment by INVAR — August 27, 2007 #

  3. A city trader has gone missing after quitting his job, prompting fears of a financial crisis at one of Britain’s biggest banks.

    Edward Cahill, 33, walked out of Barclays Capital following the collapse of investment schemes under his control worth millions of pounds.
    http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=477951&in_page_id=1770

    Comment by Joe — August 28, 2007 #

  4. Thornburg Mortgage Inc. is the subject of two lawsuits, one by Wachovia Bank for allegedly failing to pay $5.12 million on derivatives contracts and another by the manager of KT Investments for allegedly inflating the company’s common stock beyond its actual worth.
    http://www.mortgageledger.com/

    Comment by Joe — August 29, 2007 #

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