Archive - May 2011 - Blog entry

S&P 500, Dow Jones, Nasdaq, Russell 2000, Nymex Crude Oil, Comex Gold, EURUSD, GBPUSD, USDJPY

It's getting hot in here!

It was another manic Monday with lots to cover, setting the record straight on Bill Gross, China, and the commodity selloff...

Only The Bernank is fool enough to lend money to US at these rates but, then again, he's only lending us our own money so it's not like he himself is taking on any risk at all.

You all remember Nancy's terrifying fraudclosure break in 911 call, right? Well, they just did it AGAIN.

"The Justice Department is now contemplating whether to use the HUD audits as a basis for civil and criminal enforcement actions, the sources said. The False Claims Act allows the government to recover damages worth three times the actual harm plus additional penalties."

Equities have significantly underperformed credit the last two days but have plenty of room to go before they re-sync with any kind of value. Rotation under the surface points a risk-averse crowd seeking safety and not poised to BTFD.

The last voyage of The Endeavor, my how far we've come...

So accident applies to this situation in the same way that it's an "accident" if the number you bet on in Roulette comes up on the wheel - it doesn't USUALLY happen but, if you spin the wheel enough times - it's GOING to happen

In a free market, we wouldn't have unsafe nuclear reactors ...

Could a masterfully marketed toy run with the big boys at premium prices if the truth were to leak out? Ask iPad buyers this time next year after the next 400 tablets are released on various platforms for much less money sporting that much more functionality.

What if we came together and made the nation’s largest banks follow the same rules as we all do around fairness and honesty, paying their fair share of taxes and treating people fairly? Well, it might look something like this.

Other than that, everything is GREAT at Fuku ...

The music has stopped playing, so it’s time to sit down.