Comments on Fund My Mutual Fund: FT.com: America's Economy Risks Mother of all Melt...

Thanks for the link. We were discussing this mid D...

2008-02-22T09:10:00.000-05:00

Thanks for the link. We were discussing this mid December; it is very easy to see this play out because unlike the federal govt, states cannot go into deficits

here is the link on my entry

http://tinyurl.com/28ltqh

p.s. how did you create a hyperlink in the comments? I'd like to do that myself

Sorry, maybe this will link to it: Story

2008-02-21T19:43:00.000-05:00

Sorry, maybe this will link to it: Story

I don't know if you've seen this story, but there ...

2008-02-21T19:41:00.000-05:00

I don't know if you've seen this story, but there is a lot of talk in California about how falling house prices are causing tax revenue to drop through the floor and now it looks like the bankruptcy is around the corner.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/02/21/MN35V5V9I.DTL

Thanks for your strategy on RIMM. With the way th...

2008-02-21T18:22:00.000-05:00

Thanks for your strategy on RIMM. With the way the market has whipsawed back and forth it probably will hit $99 again.

Yes I wrote a piece about RIMM this morning. I so...

2008-02-21T17:18:00.000-05:00

Yes I wrote a piece about RIMM this morning. I sold 100 of 110 shares into the lift and put a limit buy order at $99. That way I sort of have the same position I had last night but can take advantage of this market with no memory. What goes up one day gets trashed the next. It could continue higher but I don't trust large gaps in this sort of market.

As for the nightmare scenario yep it certainly is. I only give it a 10% chance but considering people never believed it could happen a few months ago it is sort of playing out in slow motion. Either way, our economy is financed on credit so without healthy credit markets I just don't see all the cheering about Fed rate cuts.

Mark,I have the solution: Buy NTRI. ;) Nightmar...

2008-02-21T16:58:00.000-05:00

Mark,

I have the solution: Buy NTRI. ;)

Nightmare scenarios like this make me want to liquidate all to cash. I'm currently 25% in cash, and have been reducing exposure in some equities, diversifying more, and keeping my buys small and incremental. I'm not in any of the ultrashorts yet but might scale into SRS next big rally.

RIMM was up 10% today on positive news of increased subscribers and reaffirmation of guidance. I'm not sure whether to take the quick profit or let it run. It's such a finicky market! Do you have any thoughts on RIMM?

Cheers,
BD