Comments on Fund My Mutual Fund: CNBC: Greenspan "I Was Sorta Kinda Wrong"

I actually suggested moving Fast Money to the midd...

2008-10-23T17:57:00.000-04:00

I actually suggested moving Fast Money to the middle of the day...After the frenetic morning rush, but never received a reply... And for teh most part, you are correct about their advice..CXO Advisory reviewed their recommendations and panned them.. Course, they hedge and play calls and puts as well ... But it is interesting to watch them as they each have a particular slant on the market and it is based on what is happening now. Also, they get some very good guests in... Zack Carabel, Louise Yamada, Gartner... etc.. Market has closed... I think I'll go see Oliver Stone's 'W'

Anyway.. Thx for the blog.. jegan

Who is "Bill"? Clinton?I don't get a chance to wat...

2008-10-23T17:49:00.000-04:00

Who is "Bill"? Clinton?

I don't get a chance to watch Fast Money much anymore. Plus their advice is useless in this market. Only daytraders can make profits. So by the time you listen to them at 5 PM or midnight its obsolete advice by 9:30 AM the next day.

I only wrote 4 posts during the day today, the oth...

2008-10-23T17:47:00.000-04:00

I only wrote 4 posts during the day today, the other 4 were written last night or early this AM and scheduled to hit during the day.

I am getting hit a lot by not watching all the time since things are changing so dramatically by the hour. I also can't do stop losses in marketocracy so I'm in a gunfight with a knife it appears. Not that a gun would help in this environment.

Paulson was at Government Sachs, not Morgan.

OK.. You probably already know about this.... But ...

2008-10-23T17:46:00.000-04:00

OK.. You probably already know about this.... But Frederick Sheehan was just on Fast Money and the flashed the title of his book "Bills Bubbles'.... apparently he's not a fan ...

jegan

Time to break out my old copy of 'Atlas Shrugged'....

2008-10-23T17:32:00.000-04:00

Time to break out my old copy of 'Atlas Shrugged'...

You are right about the lack of attention... In fact, Volker warned Greenspan of this issue before leaving office. Nobody can say that Greenspan wasn't warned. For that matter, wasn't Paulson the CEO of Morgan Stanley, when he argued in favor of loosing the restrictions in front of Congress...Talk about foxes guarding the hen house...

Don't know when you find time for your blog... It's all I can do keeping an eye on my holdings in this roller coaster.

jegan

It is worse than lack of attention - this is purpo...

2008-10-23T14:06:00.000-04:00

It is worse than lack of attention - this is purposeful. He is from the Ayn Rynd school of thought. It is a philosophy. Much like what Bush is leaving Obama, what Greenspan left Bernanke is historic in proportion and leaves the man who follows with no good decisions.

"Rand advocated rational individualism and laissez-faire capitalism, categorically rejecting socialism, altruism, and religion. Her ideas remain both influential and controversial."

I hoped you were going to comment on the Big'G' .....

2008-10-23T14:02:00.000-04:00

I hoped you were going to comment on the Big'G' ... My feeling is that his pronouncements were always so vague as to be useless. And it is clear that his lack of attention magnified the present financial problems. His self-congratulatory book should be relegated to the fifty cent bin.

jegan