Thoughts on 12/09 issue of Barron's...

Short RIMM? What do analysts think?

Bank of Japan is much more crucial to global liquidity than Fed. Watch them closely. 0.25% to 0.50% is a much bigger jump than 5% to 5.25% was.

NT - what's cash flow?

Roll over Treasury put to June
-or just buy another one if it's cheaper
-try to take some profit off the table
No. June's more expensive. 2-yr. doesn't have enough strike prices.

Think about taking profit in QQQQ. If I really believe rates are going up, I should sell.
-how cheap are Mar/Apr/June puts?
Soft landing is already priced into market

If the economy tanks, the market will slide. With a soft landing, the market will climb uphill. Remember, there are more contrarians than... what do you call 'em? If the economy recovers well that's probably the sorst news for the DOW, because the market's priced in a rate cut. Two downsides, one upside. The only way the market can do well past Janruary is to go back and forth so no one can make up their minds.

"Ownit Mortgage Solutions, one of the largest lenders to borrowers with marginal credit abruptly closed its doors last week," Randall Forsyth observes in his weekly Barron's column, Current Yield. Why did they close? Because credit derivatives to insure these loans is too expensive or impossible to get. This scenario is a precursor to how credit derivatives will eventually fail. As insurance against defaults gets more expensive, the loans become worthless and plunge faster than if they never had insurance in the first place.

What's PCAR's dividend?

"Look both ways before you cross the street." -If I'm wrong and the Fed eases next year, what can we expect?