Archive - Sep 2010 - Blog entry

A free market and laws against criminal fraud are both necessary. Indeed, they are interrelated and mutually self-reinforcing.

This could be one of those situations where D.C. speaks with a forked tongue.

Some thoughts from the Land of Zeus...

JPMorgan Said to Test IPhone for E-Mail (that's 22,000 employees)as More Bankers Bypass BlackBerry the day after I give my nth warning that Research in Motion is in serious trouble due to the iPhone and Android! RIMM's daily chart looks sick! And this is just a couple months before the biggest Android upgrade ever comes to market, v. 3.0

Grow up ...

The FDIC bank data from the 2nd quarter reveals that banks, despite extend and pretend, regulator passes, and kick the can down the road policies, are still feeling the CRE crunch. 15% of the "Construction and land development" loans are non-accrual status (dead money). Leverage that 12x to 25x (about what banks are reportedly carrying) and we are talking some pretty heavy losses. Then, of course, there the real numbers if one could just look past the extend and pretend...

Markets will do whatever they have to do to screw the most people. In every election since 1950, markets rallied for six months after the midterms, setting up for a nice yearend rally. One more flush in the indexes, and a 950 SPX gives you a PE multiple of 10, the lowest it has been for years. After firing people to boost productivity and profitability, the end September earnings reports should be pretty good. (SPX), (ECH), (TF), (IDX), (EPOL).

Judges, get your judges ... bulk discounts available ... JUDges!

Feel free to call your broker or sell side analyst who tries to get you to buy RIMM and show him this post. If they challenge further, my contact info is available on my site. The writing is on the wall.

This story, more than anything else I’ve seen in recent weeks, sums beautifully the current political/ economic situation for the US today.

Here's the trailer for what will likely be a must watch documentary, Inside Job, directed by Charles Ferguson, opening October 8th in America.

Nothing to this at all. Just move on to the important stuff.

In response to HP's suit against its former CEO Mark Hurd to block him from working at Oracle, Larry Ellison threatened the suit could jeopardize the 25-year partnership between HP and Oracle. Whereas in fact, if anything Ellison was trying to instigate a fued with HP.

Cherry picking the best money management techniques that have evolved over the last 30 years, and discarding the dross. Sophisticated hedge fund management for the little guy.Benchmarking performance to an arbitrary index, such as the S&P 500, has been consigned to the dustbin of history. Buy and hold is dead. Security in the wake of the Madoff affair. No more black boxes, homemade account statements, or a “need to know” basis. Scouring the world for only the cream of investment opportunities. An exclusive interview with Lee O’Dwyer of 5T Wealth Management on Hedge Fund Radio. (CU), (DBA), (CORN), (PHO), (GLD), (SLV), (FXC), (FXA), (IDX), (TUR), (ECH), (EPOL), (TBT), (YCS).

The President's economic team doesn't seem to know how to fix the economy. Here are some immediate things he can do to turn it around, quickly. But he has to ignore his advisers.