Archive - Nov 2010 - Blog entry

Growing up, I always assumed that people in a position of power or authority got there based on merit. It never crossed my mind that someone might actually be in charge of something VERY important like, say, the monetary system, and NOT know what he or she was doing.

What's the deal with Goldman? First they said QE2 would be bad. That we needed $500b or $1T or even $2-$4T to achieve inflation. Now they are defending it. More confusion. They are both wrong.

“Maybe Ben Bernanke will make the VIX go to zero and we'll all win every day. Maybe not. We do not think this will end well. If anything, the next market crash could be perpetuated by the Fed itself.”

Keith R. McCullough, HedgEye Chief Executive Officer

We don't have to either (1) sit here and take it; or (2) engage in revolution, as many are starting to suggest in writing. There is a THIRD way ...

An independent analysis of the grand slam Q3 earnings performance that was anticipated in full detail by BoomBustBlog, yet (and amazingly enough, as I attempt to wipe the sarcastic smirk off of my face) took the Street by surprise. Let the destructive creation commence!!!

People like Jennifer Fan and pretty much everyone at JPM have no clue what the impact of $87.50 oil is on their limo drivers and thus they can make idiotic predictions like that AND get paid for it. There simply is not enough money in the World to support $100 oil.

Market-neutrals are deleveraging at a rapid pace breaching the 50-ma on Friday. Is this indicative of a market drop in the coming days as market liquidity is disappearing and no one is trading?

The NFL is the nation's premiere sports league by far, but there's room for improvement through better incentives with regard to draft position, team ownership, and the sharing of television/merchandize revenues

In the last segment of the "Conspiracy Theory" TV show, Jesse Ventura, former Minnesota governor, takes on the boys at Goldman Sachs. As he leaves the room, he tells them, "And I'll keep fighting for the little guy and kick your asses." Enough said. Rock on Jesse.

Oh but aint that America for you and me--Aint that America we're somethin' to see baby--Little subprime pink houses for you and me...

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

We are entering the slowest growth period in US history. Distressed state and local finances are pushing the public sector into 20 years of cost cutting that is sending education spending plummeting, leading to the great “dumbing down” of America. No productivity gains here. This is why I have been urging traders and investors to get their money the hell out of the US. They must be laughing in Beijing.

We are entering the slowest growth period in US history. Distressed state and local finances are pushing the public sector into 20 years of cost cutting that is sending education spending plummeting, leading to the great “dumbing down” of America. No productivity gains here. This is why I have been urging traders and investors to get their money the hell out of the US. They must be laughing in Beijing.

This Foreclosuregate deposition was taken on November 4, 2010 in Pinellas County, Florida, by attorney Christopher Forrest of The Forrest Law Firm and has to be one of the most damning yet. The reason I say "yet" is because Bryan Bly's video deposition is coming up next...

It would be a hoot if it turns out like this...