tag:blogger.com,1999:blog-35316766.post8853656574398598111..comments2023-11-03T09:17:54.879-04:00Comments on The Perplexed Investor: A. M. PostLeisa♠http://www.blogger.com/profile/10237875938400587600noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-35316766.post-51292894001841569082008-07-24T16:18:00.000-04:002008-07-24T16:18:00.000-04:00A lot of red today...I'll tell you what makes me r...A lot of red today...<BR/><BR/>I'll tell you what makes me really red..<BR/><BR/>I read yesterday that the total dollar amount of bonuses handed out by Wall Street during the past 4-5 years was $100 billion.<BR/><BR/>That is disgusting...<BR/><BR/>If you add up the writeoffs so far plus the recent stimulus package - that also equals about $100 billion<BR/><BR/>So a relatively small percentage of select men (and women) walked off with $100 billion<BR/><BR/>And the rest of the country is left near financial ruin?<BR/><BR/>Where is the accountability?<BR/><BR/>And why is one of their compadres Hank Paulson running the show now?<BR/><BR/>When is America going to turn off it's Iphones and Ipods and wake up and do something about this??<BR/><BR/>not nice<BR/><BR/>niceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35316766.post-14691804423564304222008-07-24T13:43:00.000-04:002008-07-24T13:43:00.000-04:00LeisaThe fund/company that went under was "TheSemG...Leisa<BR/><BR/>The fund/company that went under was "TheSemGroup" - many are saying that it was partly responsible for the wild moves in oil lately..<BR/><BR/>Here's a snippet (from the WSJ I believe):<BR/><BR/>"The Tulsa, Okla., company filed for Chapter 11 bankruptcy protection Tuesday, citing among other financial woes a loss of at least $2.4 billion in crude-oil futures. Changes in its hedging strategies coincided with big moves in oil recently.<BR/><BR/>The company had taken out short positions, or bets that crude prices would fall, as a hedging strategy for oil it intended to move through a subsidiary's pipelines and sell to refiners, according to an affidavit filed in Delaware bankruptcy court by Terrence Ronan, SemGroup's senior vice president, finance<BR/><BR/>--<BR/><BR/>A bad bet indeed...<BR/><BR/>Really interesting action today - the broad markets are down - and all day the buy the dipper commodity crowd keeps running into oil and gold stocks - but so far they have not been able to get any traction - I've been seeing heavy selling against them all day...<BR/><BR/>Natural gas hit an interesting retracement area today...<BR/><BR/>Should be interesting to see where these commodities go now - Don Coxe etc... still says buy the dip - a few others are coming out now and saying that 'buy the dip' will not work this time and that this will be a large correction.<BR/><BR/>$XOI is doing things that it has not done since the beginning of its bull run (Weekly RSI moving below 30) - possibly not a good sign for those energy bulls longer term<BR/><BR/>niceAnonymousnoreply@blogger.com