Posts Tagged ‘bailout’


Posted by StockRake on October 1, 2008 in Market Comments, Trades

Improved Bullshit Bailout Passes

What a fucking crock. This bailout has been upped to $850 billion from $700 billion. In the beginning I was for a bailout, now, I don’t want to see this bill pass. An example of what was included in this bill, “Exemption from excise tax for certain wooden arrows designed for use by children.” Don’t …

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Posted by StockRake on September 28, 2008 in Market Comments

Bailout and Rescue Plan Expected Today

Well the bailout draft is likely coming today. I can’t see it NOT coming today. The government simply won’t allow a crash to happen. There is way to much to risk to not throw a $700 billion band aid at this. Plus, the government has endless money and until you understand where that comes from, …

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Posted by StockRake on September 26, 2008 in Brazil Stocks, Drug Stocks, ETFs, Leveraged ETFs, Leveraged Funds, Market Comments, Stock Comments

Covering EXM, RIG, EWZ, Screw It I Like Having Money

I like money better than losing it. Sold: RIG – 3% loss early this morning EWZ – 3% loss just before this post. EXM – Throughout the morning. For such a small FRIGGIN position I lost a nice chunk on it. 25% loss taken in EXM. Their docks, their ships all can f off. I …

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Posted by StockRake on September 26, 2008 in Market Comments

The Market Will Screw Over The Most People Most Of The Time

Get ready for when the the brown stuff hits the fan, but I’m likely adding to my longs today if we continue to get weaker or close right here. However, I may cut this morning and wait to see if that weakness materializes. I can’t see the government allowing a crash to happen unless all …

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Posted by StockRake on September 25, 2008 in Brazil Stocks, Leveraged ETFs, Leveraged Funds, Market Comments, Trades

Covered Index Shorts, Bought EWZ

I sold my index shorts this morning taking the loss and walking away. This morning’s upmove just shows there is probably a larger down move brewing in the not too distant future (October). I may have gotten out early and we could close flat, but we’ll see. The position I had on was roughly a …

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