Not One but Many-Flying Over The Cuckoo Nest for $$$~AIG/C/FRE/FNM/CIT

It’s crazy MOJO which goes beyond any rational trader or investors common sense.  But, it has continued and continued with many reaping the profits of insanity from bloated pigs without true value.  The TRASH-DASH for CASH does make ya think of One Flew Over The Cuckoo Nest, but edit it to MANY  http://www.youtube.com/watch?v=jReNeEHH2lQ

 

Maybe Hear No Evil-See No Evil fits better here for these High Flyers
  Whatever it is, many intelligent warning’s have been given, as well as some irrational ones~It’s become a total brain-drain beyond reason if you watch the screens and volume of a few pigs running the market whose value is definitely questionable~Traders do need to be cautious, what goes up, comes back down (when da BOYZZ are ready)

From the piece at Barron’s this week came the words of Steve Hochberg, a chief market analyst at Elliott Wave International, who commented most of the market’s volume had been in a handful of stocks such as Citigroup C, Fannie Mae FNM, American International Group AIG and CIT Group CIT.  Well, it has only got worse since then, and you must add Freddie in here too FRE.  Hochberg said==>”All are de facto bankrupt and bailed out by the government.”  ”The speculative juices are definitely back, which is typical of the end of an up-cycle.”

>>There’s a fine line between risk taking and risk ignoring  http://online.barrons.com/arti.....58563.html

 

Yesterday over at Zero Hedge where they are posting reminders to think about the Volkswagon scenario as a reference-AIG on Fast Track to Repaying $150 Billion Government Bailout by Buying  Own Stock (make sure you take a good look at these screen shots) http://www.zerohedge.com/artic.....-own-stock  http://www.zerohedge.com/node?page=1

 

Onto CHARTS that defy gravity and the imagination~The options though, is where CRAZY $$$ have been possible for the nimble and quick with GUTS, just remember to Take The Money and Run!

 

06:02AM  

 

While Citigroup Jumps on John Paulson’s Investment, AIG Jumps on Anything at Seeking Alpha

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04:55AM  

 

Cramer’s Stop Trading! Follow Paulson into Citi (8/27/09) at Seeking Alpha

 

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04:42AM  

 

How the Feds Are Making the Mortgage Mess Even Worse at Seeking Alpha

 

04:00AM  

 

Watching Fannie and Freddie, Part 2 at TheStreet.com

 

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28-Aug-09 05:13AM  

 

A market that healed itself at CNNMoney.com