August 30, 2007 on 12:15 am | In Old Posts |

The Electromechanical

 Air Propulsion Device

Today is on: “Low”

August 29, 2007

By John Galt

And today’s shocking announcement: Kwazy Kwamer recognizes that there are actually “tops” and “bottoms” in the markets. I’m so thankful he has a clue now. Of course when you live in Hedgiefantasyland, like he and his friends do, sometimes the realization that liquidity is extinct or banksters lie about their assets may actually be a factor when investing in the future. Even his fellow bubblehead, Kudlow, actually made the most dishonest assessment in the history of economics that a decline in the dollar index and Fed Funds Rates could result in a dollar rally! Ah, to be smoking what they are smoking as they really have created a new meaning for the phrase “Clueless” or worse.

With this little ditty by myself, today I’m just going to focus on the bizarre news which has appeared today and to point out the charts which, well, are freaking huge news. I’ll leave the chart interpretation to my readers, but for what it is worth, the fertilizer is still “inbound” and should hit the EAPD in the next 60 days. Remember: Safety first.

Do not stand in fans on “High” when there is an odor in the air….on to the news.

After hours, suddenly, 3,873,700 shares of H&R Block were mysteriously dropped at $19.50 around the 1600-1630 EDT time frame. Why? Hmmm. Could it be their “Option One” mortgage unit sale is about to tank? Stay tuned as this story could grow legs and per Yahoo Finance, the after hours number is down to $19.00 per share. Ouch.

 

EAPD is on: “Medium”

           

            And another one bites the dust….Basis Hedge Fund Goes Bankrupt

 

EAPD is on : “Low”

Why you might ask? Because if I turned the fan up for every hedge fund in trouble a Cat 2 hurricane would appear on the Sarasota Country radar almost instantly….

This one is a bit more forceful and causes a waft of a scent and more air being moved about the room….

T-bill yields drop on hedge fund woes

 

For those that ignore the bond market gyrations, woe be unto thee. That is the new arena where panic can and shall occur in a much greater volume and at a much greater cost…..

EAPD is on: “HIGH”

S&P Says Rout May Hurt Wall Street More Than in 1998 –Bloomberg

Whoops?!?!? That one could leave a mark. I guess it’s time to find a nice sail boat dirt cheap…..on a moral scale, it’s great. On a reality scale, well, they’ll find a new angle and blackmail the American public into a way to preserve their bonus schedules.

 

EAPD is on: “Low”

           

          This story is a preview of what’s to come here…Pension Funds To Pin London Hedgies

Rats. I knew I should have pursued Law School instead of Arabism and Economics.

EAPD is on: “Low”

And of course, just to keep my audience wondering, where this will all lead:

Foreclosures & The Multiplier Effect

That is a must read. I shall be expanding, this weekend, on just “what’s next” and what the multiplier effect is as I am living it.

EAPD is on: “Medium”

Enjoy the evening of peace and quiet folks. I’m sure that once the yachts dock, the beach bums depart, and the luxury resorts breath a sigh of relief, our markets will return to a more normal reaction. Once again, ignore the Dow, it is not the market. But oil, gold and silver are speaking volumes.

Don’t stand in front of the fan, because you never know when a home builder, mortgage lender or hedge fund will fling some fertilizer into it!