Anthony Truong ‘Are US banks REALLY profitable?’ – Commentary – 22 April 2009

Various US banks, including Bank of America, Citigroup and Goldman Sachs, have recently released ‘better than expected’ quarterly results, causing some commentators to claim that the banking crisis is over, and that perhaps TARP wasn’t needed in the first place to save the financial system.
What’s interesting about these quarterly results isn’t so much the numbers [...]

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‘Arbitrarian Vibe Trader’ – Q&A – 5 September 2008
comment No Comments Written by Anthony Truong on September 5, 2008 – 9:37 am

Question:

Dear Sir/Madam,

I’d just like to say I love your market updates and spend all my time anticipating the next instalment of your weekly predictions. However, I was wondering if you could express more optimism within the markets as my own portfolio is currently being ripped apart and a little positiveness would go a long way in keeping me from jumping off a bridge or building, or into a swarm of killer bees.

Thanks and regards,

Arbitrarian Vibe Trader.

Answer: Hahaha…Very funny. The “Arbitrarian Vibe Trader” was a nice play on “contrarian”, nice touch mate.

Honestly, it’s all downhill from here. We have confirmation that wave 3 is beginning – September is going to live up to its gloomy expectations.

What’s worse than getting out at a heavy loss? Getting out at zero.

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