Archive - Dec 2010 - Blog entry

An odd currency pair to dabble in.

It has been a literal power struggle for the past few months between Dynegy, Inc. (DNY) and its investors. The climax came on Wed. Dec. 15 when Dynegy said it accepted a buyout offer of $665 million, excluding debt, from Carl Icahn.

The Getty Oil takeover battle between Texaco and Pennzoil was probably one of the ugliest in Wall Street's history. Here is a rare video of Carl Icahn recounting the event.

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.

It’s too bad that this type of thing doesn’t go viral like it should...

If you don't want to assume that responsibility of managing risks, then you should be a buy and hold kind of investor.

Obviously, I am fairly convinced that Global "leaders" are making all sorts of policy mistakes handling the economy and I do believe it will all end in disaster but that does NOT mean I am market bearish.

Let me count the ways...

Another payday for the big banks. Thank you Dodd/Frank.

The estate tax is theft.

Or die trying...

We are in a Cowardly Lion market, whose occasional bursts of bravery are
ultimately overrun by fear that leads to a subsequent decline.

With market news quieter than a prisoner's dilemma that actually reaches a Pareto efficient Nash equilibrium, and even quieter than the "Free Bernie Madoff" campaign...

Honey, did you remember to pick up some gold?

The average person underestimates the possibility of a disaster and its effects. They believe since something has never happened before it never will.