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Registered Aug 29, 2007
marko's most recent comments:
- On 10 Aug 2011
Preparing yourself for buying a house in Fremont, CA,
If you get the chance take a look at Redding. Around 11hr drive from San Diego. Beautiful vacation city, 3 big lakes near by, plenty of stores n' such, and homes are cheap with 1-.25 acres of land.
Redding and the surrounding area is beautiful, but you can't eat the scenery. There are few good paying jobs there and there are lots of rednecks and right wing nuts that live there as well.
Thank you lurking, you saved me some typing.
- On 8 Aug 2011
Treasuries Downgrade Causes Treasuries To Surge. Seriously.,
Yep. You got that right Patrick.
Remember the government scolded S&P, Moody, and others for slapping a AAA rating on subprime mortgages a while ago? This is just a payback from the S&P to our government. Nothing more, nothing less.
The market drives the news, not the other way around. I hope our government would catch the insiders for shorting the market before the downgrade.
Success isn't by chance, but by choice.
Well I put some money in a short ETF against Treasuries and have gotten killed. I would think the insiders who had shorted are probably experiencing the same punishment. I thought a downgrade would make people run away from treasuries temporarily but the resulting stock turmoil has caused the opposite or so it appears.
- On 27 Jul 2011
Debt Deal Posture?,
I think the much bigger danger is if the US has its debt rating lowered - default or not. Downgraded Treasuries might not look so good and get dumped for that reason alone. All that being said I have some money in a short ETF against Treasury prices. Betting against the US government is a bit risky but I dont think even a QE3 is going to help here. The way the government has held rates down is like holding a basketball underwater. You can only do it so long and when you let go it swosshes up really high before settling.