Archive - Dec 2009 - Blog entry

I am here to weigh in on the marketing battle over GGP's value in, and out of bankruptcy. The players in question: Ackman/Pershing Square - long the stock, Hovde Capital Advisors - short the stock, and Reggie Middleton's BoomBustBlog. I currently have no position in GGP, but received many requests to weigh in on who is right on this rush to recreate the propaganda power of the sell side banks. And the winner is...

While we focus on the financial tsunami, it's good to take a step back and remember that real natural disasters strike everywhere around the world, leaving children orphaned and destitute. Please take the time to read about Petra Nemcova's inspirational journey to do something about real tsunami survivors.

The frenzy to cover dollar shorts seen over the last three weeks sent the greenback onto its first monthly increase since June; meanwhile, gold has fallen about 8.1%. How will the gold, dollar and euro triangle likely play out in 2010?

Katie Piper's inspirational Christmas message and my best wishes to all of you. Have a Merry Christmas, Happy Holidays and a Happy New Year.

I hate bankers and so should you. Why? Because bankers steal a little bit of Christmas cheer every year. For the past several years, bankers have stolen a lot of Christmas cheer. Like the Grinch from Dr. Seuss’s famous children’s tale, How the Grinch Stole Christmas, bankers have hearts two sizes too small, and by means of burglary, they do their best to deprive everyone of Christmas every year.

Yet another reason these things need to be reined in a tad ...

More and more top hedge funds are reportedly betting on a big rise in bond yields. Are they right? Sort of, but the bond bears are mistaken if they think this is the beginning of a secular bear market in bonds.

This job is a bitch, but somebody's got to do it.

The Canada Pension Plan Investment Board snapped up a Scottish shopping mall Monday, partnering with an English fund Hammerson on the $479-million deal. While the deal may have merits, CPPIB still refuses to clearly disclose its benchmarks for private markets.

The last thing we need is moral hazard in media ...

We prosecute Steve Cohen at SAC or Raj Rajaratnam of Galleon for insider trading, but meanwhile we name Fed Chairman Ben Bernanke "Man of the Year," even though he and other officials of the central bank are stealing billions from the pockets of every American this year in terms of inflation. Since the founding of the Fed, the dollar has lost 95% of its value in terms of consumer purchasing power. Think about that as you look into the faces of your children this holiday season. And be safe and well in 2010.

Econophile reveals his personal Christmas Wish List.

The Alaska Retirement Management Board, a state agency, is suing Mercer and seeking $2.8 billion in damages...

I stumbled onto something quite by accident. A window on how things get done?

In this 12.21.09 edition of the Fibozachi Technical Update (FTU), we present 12 technical profiles of the ES (S&P 500 Futures), the VIX, Gold Futures, Silver Futures, Crude Oil Futures and the US Dollar Index.