tag:blogger.com,1999:blog-14963913.post747646632620162056..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: Stiglitz and the "Goldman Sachs Rule"Kid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-14963913.post-48529951300999284032010-06-10T13:22:33.034-04:002010-06-10T13:22:33.034-04:00TZ - i'm trying to help people NOT do stupid t...TZ - i'm trying to help people NOT do stupid things! oh - i get it - you're referring to my 1x2 call spread. 1x2s are HORRIBLE! do as i say, not as i do!<br /><br />Daniel - i'm not long GS - i'm long a GS 1x2 call spread. it was a cheap way to get upside exposure, with the view that the SEC case is bullshit and the stock would bounce, but not bounce too far.<br /><br />it didn't work! although i could still unwind it for only a small loss...Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-34858467289806787402010-06-10T13:16:05.247-04:002010-06-10T13:16:05.247-04:00I'm not even going to ask why you would go lon...I'm not even going to ask why you would go long GS. Ok, I'll ask. Why in the world would you go long GS?Danielhttps://www.blogger.com/profile/15018793399599951413noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-26308938249469620802010-06-10T13:11:42.830-04:002010-06-10T13:11:42.830-04:00While the big banks may be too bigger to fail, I c...While the big banks may be too bigger to fail, I can't imagine that a second bank bailout would be politically palatable at this point. I think most Congressfolk would prefer collapse than to attach their names to a second bailout.Kieran McCarthyhttps://www.blogger.com/profile/11606919516884153997noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-30585263101574403562010-06-10T12:50:59.525-04:002010-06-10T12:50:59.525-04:00@KD:
Ratio spreads and other trading tactics as a...@KD:<br /><br />Ratio spreads and other trading tactics as a substitute for being a dope. -TZAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-32683966007275325692010-06-10T10:22:18.564-04:002010-06-10T10:22:18.564-04:00ken - i think i've been a consistent advocate ...ken - i think i've been a consistent advocate of CAPITALISM. That means that I believe if you buy dogshit from GS, you're responsible for knowing, digging deep, and finding out that it's dogshit, and don't have a right to cry to the government if you lose money. <br /><br /> It also means that i don't think the big banks (and non-banks!) should have been bailed out and allowed to continue to operate as usual.Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-73823840376848698742010-06-10T10:09:22.597-04:002010-06-10T10:09:22.597-04:00KD,
I am proud of you. No offense intended, but i...KD,<br /><br />I am proud of you. No offense intended, but in the past, you have usual sounded like a shill on all matters related to the the giant vampire squid. <br /><br />They need to take this one step further and revoke Goldman's status as a bank holding company immediately.Kennoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-39326593984569330752010-06-10T08:43:44.109-04:002010-06-10T08:43:44.109-04:00yanga - you could make that same Churchill quote ...yanga - you could make that same Churchill quote about Capitalism... <br /><br />TZ - i'm not sure what you mean about ratio spreads as a market order substitute...Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-69913564924212405932010-06-10T08:00:37.202-04:002010-06-10T08:00:37.202-04:00I never feel good about any new regulation because...I never feel good about any new regulation because either the lobbyists have eviscerated it already or they will soon.<br /><br />Even without them what starts as a good idea gets hopelessly lost in the horse-trading it takes to get it done. You end up with some feel good stuff that does very little except hurt the people who don't have someone to protect them (usually small businesses these days). oh and expands government, of course.<br /><br />"It has been said that democracy is the worst form of government except all the others that have been tried."<br /> Sir Winston ChurchillYangabangahttps://www.blogger.com/profile/01602946300256374843noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-56702007707136253802010-06-09T22:33:45.969-04:002010-06-09T22:33:45.969-04:00Hey KD, maybe you should do a post on ratio spread...Hey KD, maybe you should do a post on ratio spreads as an alternative to market orders.Transor Znoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-10219398137960945152010-06-09T22:17:35.119-04:002010-06-09T22:17:35.119-04:00Walked in to Citizens today and saw a posting sayi...Walked in to Citizens today and saw a posting saying they are no longer participating in the Transaction Account Guarantee Program (guarantees 100% of funds in non-interest bearing accounts). Back to the old $250k FDIC limit.<br /><br />As I write this, waiting for my freaking Citizens accounts to load on another tab... 3 minutes...Transor Znoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-29112170444011606482010-06-09T21:48:44.451-04:002010-06-09T21:48:44.451-04:00exactly-
what a joke it all is-
GS and MS have t...exactly- <br /><br />what a joke it all is-<br />GS and MS have the best of both worlds-<br /><br />and guaranteed success- leveraged trading and zero percent financing-<br /><br />they need to push on- and accept the risk for any profit potential-<br /><br />or else be constrained by USG controlsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14963913.post-28101787619225126142010-06-09T21:21:04.360-04:002010-06-09T21:21:04.360-04:00Precisley indeed. We need grown ups in charge but...Precisley indeed. We need grown ups in charge but thats another dream world.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-41446947488196305142010-06-09T20:32:44.404-04:002010-06-09T20:32:44.404-04:00and that is precisely the problem...and that is precisely the problem...Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-78773849520532861582010-06-09T20:16:39.937-04:002010-06-09T20:16:39.937-04:00Any rule or whatever will be rendered crap in the ...Any rule or whatever will be rendered crap in the face of "tanks in the street" ot other such nonsense the next time. At least we could feel good for a bit if a new law was passed along the lines you mention, but it would just be tossed aside for systemic risk.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.com