Archive for October, 2010
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Did you know that almost $50bn (that’s with a “B”) in market value dropped from bank stocks over the last few days due to “Foreclosure-Gate”? I mean there’s certainly politics involved here, as there always is, when filthy animals smell money. And that’s a LOT of money. And where is this going? Well it’s going [...]
Stop The Fed.
I will keep this short and to the point. The Chairman of The Federal Reserve, Ben Bernanke, is a delusional idiot and he needs to be stopped….NOW. Bernanke has failed at EVERY turn since he took the title in 2006. I will not go through the litany of mistakes, misunderstandings and rash moronic actions because [...]
Blasting Into the Weekend
Kind of a blurry week. A lot of back and forth but not a ton of meaty stuff. Meanwhile, we draw closer to a pretty important election cycle. I guess its a forgone conclusion that the Republicans will take back the House. I must admit though, it’s looking a little dimmer for the Republicans to [...]
A Little Tribute
Since we are going with the throwback to the 70s theme these days, and financial markets are basically unchanged, I wanted to mention a gent who died 25 years ago this week.His famous words should perk you up on a blah kind of day.I’ll be in transit shortly back to New Yorkand may or may [...]
One Czar Has Been Overthrown
Boy, I feel like I’m part of the Bolshevik Revolution this morning. I mean this country is kind of like Russia at the turn of the century now anyway right? Well, the former Obama “Car Czar”, Steven Rattner, apparently has struck a deal with the SEC so he doesn’t have to go to the big [...]
Everybody in the Pool!
Stocks are flying baby and we are in the cockpit! I gather the global investor community is downright giddy that the Federal Reserve of the U S of A is going to do everything in its power to keep things humming along! It reminds me of an old adage. Something about when inflation rears its [...]
Greetings Again. This Time From…….Poolside!
Ahhhh the margaritas are floating, the birds are chirping, and the humidity is bearable on a partly cloudy day in Southwest Florida. I guess the Federal Reserve minutes for their September meeting were released. Looks like most of them Fed Governorsare happy to print money. Again. Wonder what happens if this “QE2″ doesn’t work. Again. [...]
Happy Anniversary Stocks!
Geez in all the excitement and the fine weather, I almost forgot! I wanted to wish the stock market a very happy anniversary. A 3 year anniversary! As in, the all time highof the S&P 500 of 1565 was hit on October 9, 2007! Happy Anniversary S&P 500! And many happy returns (pun intended!)! As [...]
Oh It’s 70s TV Role Reversal! Wall Street Style!
These guys above were supposedly good.
Conspiracy Theories and Another War?
Boy, there must’ve been 5 different articles from VERY different media outlets that all seem to have the same theme: “how in the hell can stocks still be going up (or at least not down very much) with what almost everyone agrees is still a HORRIBLE economy?”.I meanthe conspiracy theorists are all over”the Fed is [...]
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