ajtj99's Market Pulse

[jdaasoc]

I think buying some bonds in the financials is only good play in market right now.

I bought some Bear sterns bonds paying 7.2 % on day before they imploded priced at 0.80 yielding over 9%. The day after stock fell the bonds went to 0.60 but as soon as Paulson made them good as gold they went up to 103.

Someone made a lot of money buying these bonds and shorting the stock.
I was only in for 10K in bonds & 1000 shares short.
Big money only goes for the sure things, I've just got to be lucky.

Paulson gave a speech last week and some one asked him if he was worried about economy. His answer was "the treasury secretary doesn't worry".

What bush cheney during worst of Iraq war, paulson / bernanke doing for economy al la Alfred E Newman.

http://www.opinionjournal.com/columnists/dhenninger/?id=110007623

http://www.todaysfinancialnews.com/us-stocks-and-markets/peter-schiff-inflation/