Marvell Technology Inc (MRVL)

[bbqporkwings]

poor, I've still a few longs, but have been more focused on short of the NDX. Thought it had farther to fall. Short of the DIA would have paid better, unless the Nasi will break down to that second gap like benx said. It may today or soon. I'm looking to buy SSO (among other index ETFs) once we find a bottom on this trip. I think that we'll move back up soon, but be right back again this year. Maybe a couple three times a year until they can get the financial fraud written off and/or refinanced. 2012/2013? Alt-A is knocking on the door along with commercial. Pay Option ARMs will reach the headlines soon and there's as much there as was in sub-prime. Sub-prime is about 33% done. Pay Option ARMs have a larger % of them sitting in California. Like 60%. Rising unemployment, California home prices, State finances ... that's going to be yet another jagged pill to swallow and $Ben raising rates to stave off inflation at a time for those resets. Consumption and dollar weakness sure shows up at the pumps. Although many countries make bank on the taxes on fuel, it's hurting economies. Central Banks globally are getting pissed at $Ben and as they raise collectively they will force $Ben and if he doesn't get his teeth into it and has to play catch up, remember Volcker pushed rates up some 20% to fight inflation. Refi on that one. With a house that's worth ½ of the lien. Without a job. In a city/county that's raising taxes as it's muni bonds have gotten jacked by default insurers as it's fighting bankruptcy it's self. What kind of a picture that could be.....

Greenspan and Rubin worked collectively to rid Glass Steagall for the betterment of Wall Street and here we are. If you've read much about a Jekyll Island meeting many years ago, you can see how Rubin did this when he was US Treasure to foreign governments and now the 'Elite" get to do it to the US. Like the peso moved it's decimal point over, they're doing to the dollar. Read this old report on Rubin's legacy and see how it's being applied to us now.

http://www.wsws.org/articles/1999/may1999/rub-m14.shtml





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