“Lehman Handshake”

 

Few days ago while attempting to negotiate ownership of property in Costa Rica I have met and old friend of mine, one of those who you might not see for 10 years, but when you need his help or advise he does it like he saw you just yesterday and you are still his good if not the only friend.

He took a lot of beating and made a lot of money, ( I have never made it to his level - he was in Victor Niederhoffer’s gang before Vic imploded back in Asian Currency crisis times)

 

So, that son of a bitch, sees me and all of a sudden he grabs my tie and looks on the back of it … damn – was I glad it was Burberry! 

That always reminded me dog sniffing thing or juvenile “mine is bigger” contest, I was never fond of it even back in “ole days”, and was simply shocked that it is still alive and well now.

 

Well, I guess Wall St is still doing well and may be even this Christmas we will see Bugatti and Ferrari dealers driving to the old spots in downtown… some things never change … until deluded by “I can make it big too” American Peasants will realize that “American Dream” can be seeing only while asleep and may be, just may be, they will wake up from lethargic zombie like “tomorrow might have been a better day” state and will take what was taken from them … no wonder education suck – we don’t want Peasants to think – do we?   And all they have to do is just VOTE crooks OUT! (Not that I believe it might actually work :)

 

 

Well, time for me to stop being incredible usual bore and present your with incredible boring chart. (Disclaimer – even though I am inclined to trade on the short side now – I do NOT discount possibility of yet another higher high – in order for monthly to print at least #12 on countdown – then things might get REALLY interesting). So far – patience is a virtue (I’ll be damned – me and “patience”? How did THAT happen???)

 

Congratu-freaking-lations !

Now you can live rent free for A YEAR – don’t you worry – I’ll be paying your bills – my taxes just went up…

Announced Thursday, the loans backed by the The Federal Housing Administration or HUD developed in 1934, will necessitate to give 12 months of leniency.  Previous, the people with these loans could only qualify for a minimum of 4 months.

Also included are Home Affordable Modification Programs.

THIS is far exceeding anything I thought was possible in “non-totalitarian” society, things like that would not have been possible even in my home country … good ‘ole USSR … not after Stalin’s death at least(as oppose to good ‘ole USsA )

Well, some people saw it coming – that is why they voted

 

 

 

 

P.S. As I stated on Disqus I went short based on this

 

The end of 4th of July barbeque party

Well, some vicious people still call it “Independence Day”, but that is a true baloney – we depend on everyone everywhere and we are taxed to death without representation – well, I stand corrected – Corporations ARE represented quite well, and Gubermint does not care who and where makes them money … China, Russia, India…what else would you expect if there is not even NATIONAL LANGUAGE!

So let enjoy our hormone infected meat until our stomachs explode from fat – you can only keep Rome happy if you provide:

            “BREAD AND ENTERTAINMENT”

Although bread is getting quite pricey and quite soon masses will not be able to afford it…watch out then!

 

Back to charting woo-doo

 

My prognostication is playing out so far, wave B is raising its ugly head, watch out for 1345 area on SPX – if it reverses there – I will be short “all in” (Brave – not stupid – stops in place always… almost)