Archive - Sep 2011 - Blog entry

Some industries just like Poker have been held back by governmental policy over the last decade.  Many jobs were lost, and much more were never created, all because of failed policy on behalf of lawmakers.

Now we need to step back and objectively, CALMLY, away from the madness of the crowd and simply factor the panic into our fundamental equation.

Of course freedom - as envisioned by the Founding Fathers - and free markets would go a long way towards allowing normal volatility, and thus preventing Black Swan collapses ... but the Chairistan and Thought Police can't have that, now can they?

Is someone big gunning for BAC and/or BNY Mellon?

What is more worthless than a run-down unmaintained home that is unloved?

The answer to this question is the expected value of your social security pension!

More from a Solyndra insider. This time he takes on the WaPo.

This time really is different! Einstein has his definition of inssanity, but Middleton says the definition of a cental banker/planner is more and more borrowing & expecting solvency this time around.

I was going to write something smart and pithy about this recent market decline, but then I realized that I’ve written about this in the past (more than once).  So here is an excerpt from the Little Book of Sideways Markets.  In addition, here is a copy of the presentation about sideways markets.  – Enjoy. 

The real occupations began long long ago, on Main Street USA and in Washington DC

The Fed is trying to lower long-term interest rates… at a time when Treasuries are trading at all time highs. This is akin to buying Tech stocks in late 2000 or buying Housing stocks in late 2007. The US debt market is officially in a bubble… and the Fed wants to spend $400 billion trying to make it bigger. With leverage of over 50-to-1 the Fed is finished.

Flashy Crashy. Is History repeating itself, or is this time different?

Stacy Herbert and Max Keiser have absolutely scooped the FT on the French bank run story with thier interactive interview of me and the use of new media. Absolutley!

Methinks the smaller media and blogs should be taken moe seriously as a platform by the mainstream media. Seriously! ZH and BBB are perfect examples.

"We look at conservatively estimated earnings yields and compute an equity risk premium of 600 to 700 basis points.  That is an extraordinarily high reward for anyone willing to invest in stocks.  History shows it is a bargain.  We will seize it.  Our longer-term target for the S&P is above 2000 by the end of this decade, if not before." -- David Kotok

Seat belts on. Impact is imminent.

The big news yesterday was not of the twist type, but of another dance number (or slumber) between Bernanke and Obama.