Archive - Mar 2011 - Blog entry

In a scathing report, a former chief executive of the California public employee pension fund was accused of pressuring subordinates to invest billions of dollars of pension money with politically connected firms...

Arrrgggggh!

Are West Coasters in any danger?

When the auditor and CFO of a Chinese reverse-merger "company" resign, run for cover.

A Nuke and a pothole. What does it mean?

Two and a half years into the so-called recovery and the country is still in the throes of a severe multi-year depression.

All corporate earnings forecasts have just been rendered meaningless. We could be putting in a 50 year double top on the yen here. Taking a bite out of global economic growth. Flipping from a +2% GDP growth rate to -3% in two minutes. International trade takes a major hit. The looming electronics parts shortage. The death toll could go to six figures. Don’t rush out and short Japanese insurance companies. (FXY), (YCS), (EWJ).

The media is still banging the nuclear fear drum over and over again to keep people watching but the reality is that the chance of a catastrophe, at this point is very slim...

The innovative onslaught and creative destruction of margins in the tablet wars continues. The smart money should wait a few months as these companies slaughter each other to get a tablet. You will probably get more technology than you thought your $190 could ever buy.

The following is another exclusive transcript put together by the guys at Santangel's Review. In his must read testimony in front of the Financial Crisis Inquiry Commission, Warren Buffett explains what he believes saved the global financial system during the depths of the crisis.

After Fridays action EURUSD battles its way back into the long zone with more than 60% of retail traders short the pair. The tragic events in Japan led to some dramatic action with the USDJPY, however this has done little to change overall retail positioning with over 75% of traders long USDJPY it stays firmly in our short zone. The key news events likely to effect retail positioning are EUR Industrial Production (06:00 EST) and AUD Monetary Policy Meeting Minutes (20:30 EST)

The nation's largest public pension fund could make a small accounting change that would carry a large price tag for taxpayers when board members meet this week...

Over time, it’s complacency that kills you...

Japan's 9.0 earthquake is most likely a non-event for the crude oil, but the nuclear power basically has met its Deepwater Horizon.

But it's a LONG, LONG way away.