Archive - Apr 2010 - Blog entry

AAPL earnings blew the doors off, DARPA got its grapefruit on with an Industry Day for the "Mind's Eye Program" and even 'Hitler is no longer upset about the iPad'. Wonder what Jimmy Cayne was up to in the clubhouse between bridge tournaments? After inspecting AAPL and market internals, almost as many looks at POT as UC-Boulder saw yesterday.

Let the economy do the heavy lifting, Some 60% will be achieved through tax hikes, and 40% via spending cuts. But the plan assumes that interest rates remain unchanged, the economy grows at 3%, and the war on terror ends in four years. What if the terrorists don’t cooperate? Houston, we have a problem….

Did the SEC just take away Wall Street’s punch bowl with this suit? "They might have," says Jim Bianco, President of Bianco Research in Chicago. If the SEC wins the Goldman case, "this would have far-reaching effects," he says. With all due respect to Jim, I say let the witch hunts continue. Besides, it's just another circus show and nothing will change on Wall Street. The sleazebags will concoct new ways to satisfy their insatiable greed.

I applaud and welcome Paul Krugman's clarification ...

Yes, they sold junk zero's and they did it a premium pricing. My question is, "Why?".

Just this morning I posted an article describing how much of the mainstream media suffers from diminishing revenues due to the fact that they simply rubber stamp soundbites and produce reports that are simply cardboard cutouts of what is pushed out by Reuters and the AP.org. Well, JP Morgan’s latest quarterly earnings release is a perfect example.

It is NOT a republican versus democratic issue ... It is a reform versus spin issue!

This is where the mainstream media is failing. When the paradigm shift into distributed computing and the resultant frictionless media model occurred, MSM fought instead of embracing it. A typical old school reaction, it was inevitable and a fight that they were destined to lose. Instead of complaining about free content, produce something worth paying for!

It is a curious phenomenon that consumers are increasing spending in light of high unemployment and declining wages. How can that be? Have consumers just decided that the recession is over and life will be just like it was before? Where is the money coming from?

Stocks are still in a secular bear market. Bernanke is attempting to cure the current economic collapse with new printing press financed bubbles . We could be in for another downdraft as severe as the debacle that ensued in 2008-2009. Every asset class will get hammered, except gold. The barbaric relic is going to the old inflation adjusted high of $2,000. An exclusive Hedge Fund Radio interview with the publisher of the popular blog, The Mess Greenspan Made

John Paulson was the big swinging dick who created Abacus. He is Teflon on that one. Consider OneWest.

John Crocker, President & CEO of Healthcare of Ontario Pension Plan (HOOPP) is calling on governments to enable the formation of large, multi-employer defined benefit pension plans to provide pensions for workers in the private sector. I agree and go even further than he does in my recommendations.

Weekly technical profiles of WYNN, WFR, LTD, HOT, CLF, VRTX, SPWRA, OREX & BGZ with explicit trade setups

Before the SEC announced the charges, Goldman seemed unstoppable. It seemed like even countless tons of water pressure or scores of invading armies could not touch Goldman.

Now, there is a crack ...

Even if the timing of the SEC's announcement was wholly political, tons of public pressure and hordes of lawyers are probably on their way.

Claims GS “controls the wind”