Comments on Fund My Mutual Fund: Bill Miller: "Toughest Market I've Seen"

Sliman,JPM, WFC, US Banccorp will survive. Citi w...

2008-08-05T15:55:00.000-04:00

Sliman,

JPM, WFC, US Banccorp will survive. Citi will survive because too big to fail. Everyone else up for grabs. I guess BAC as well since Countrywide is too big to fail

rosesryellow - what they are doing to APWR is a joke. Can you imagine Chinese executives looking to list in US markets anymore? I see countless chinese small and mid caps trading at 10-15 PE ratios for 50%+ growth. Why bother in a market when its all about 90 day performance and wholesale destruction is cool. Naked shorting is FINE! Unenforced! As long as its not our precious financials.

Pankaj, ethanol has nothing to do with this. Perception is reality. Thats all you need to remember. Perception is death to the globe but somehow the US will slide through because we are immune to the globe. Yep. Decoupling in reverse.

I'll let Mark answer the Q but if interested here ...

2008-08-05T15:20:00.000-04:00

I'll let Mark answer the Q but if interested here is my take... if not then thats ok too...

Ethanol is 5% of food demand. It has nothing to do with the prices of potash. However, it may be used as a reason to sell. This is about finding a reason to take gains and short the fertilizer stocks regardless of fundamentals

Mark,What do you say about teh price action in Agr...

2008-08-05T15:05:00.000-04:00

Mark,

What do you say about teh price action in Agri stocks? Is the action telling us that the ethanol mandate and associated pin action is over?

APWR also... man that stock is getting crushed. I ...

2008-08-05T13:57:00.000-04:00

APWR also... man that stock is getting crushed. I don't have a position but I expected it to hold the lower Bollinger, then 20... if it holds 20 its a buy... otherwise it go down to the 200 around 18...

Who cares. Fundamentals out window

The market has changed a lot. So much of the marke...

2008-08-05T13:50:00.000-04:00

The market has changed a lot. So much of the market today is about understanding charts/computers. Technicals have become more and more important. I applaud you for cutting back names that approach key resistance areas and for closely watching companies stuck in ugly chart formations.

When companies like MOS and POT, which by many estimations are expected to grow at a 40% clip for the next 5 years and are trading at a forward PE less than 10 get sold off like they were oil stocks and the charts make it look like they have all missed their earnings numbers and the story is over it just makes me realize that just like buying financials in Spring it makes sense to short some of the best companies now... as long as the computers and Street wish it that way.

None of it makes any real sense but you have to ask: do we want to be right about earnings and get slammed anyway or do we want to win in the market? I've found more and more that if the charts are up against the fundamentals the charts win until they change their mind. With top companies at least we know they will eventually change,,,

"Barf"...
That's why I have been using hedging... but it hurts to short sell POT at 180 bucks a share...

I remember when John Neff was short the Nasdaq in ...

2008-08-05T10:41:00.000-04:00

I remember when John Neff was short the Nasdaq in 1999. Eventually he was right. Some of these financials will survive. Which ones???