Archive - 2011 - Blog entry

Service of writ on a Deadbeat Bank for failure to pay attorney fees to a homeowner's attorney.It was pretty awesome to see all the undercover cars roll up to the front lobby and watch the Police get out of their vehicles in full tactical gear and enter the bank.

Earlier this morning the Rafael Resendes, Co-Founder of The Applied Finance Group and co-manager for the Toreador Large Cap Fund: TORLX, appeared on CNBC’s Squawk on the Street alongside Roger Ibbotson, Yale Professor of Finance. In the interview Mr. Resendes provided three stocks that he believes are attractive investment opportunities.

Here we go again...

When a market escapes gravity – you will know it.

Regulatory Capture now appears to be accepted policy procedure as FASB bends over and gives up on even asking financial entities to report accurate market values, leaving only those who spend their lives in spreadsheets and arcane nomenclature capable of discerning trash from treasure. I guess it best that way. The truth has this proclivity to hurt people's feelings, not to mention certain ill gotten gains...

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

The market rose for the 7th straight day (and the day was so straight that...

The largest US public pension fund accused Lehman Bros. Holdings Inc., its former top executives and numerous bond underwriters of fraud and making materially false statements about losses from mortgage-backed securities during the financial crisis of 2007 and 2008...

Banking without rules is more profitable, so industry leaders and lobbyists have tried to block the efforts at reform.

Occasionally I see an article written by some Guru claiming that Gold has no real investment value. They usually use points such as the fact that Gold has no cash flow or you can’t use Gold to buy goods or whatever. All of this stuff is outright moronic. Sure Gold doesn’t have cash flow… but then again Gold also, doesn’t engage in accounting fraud, doesn’t miss quarterly earnings, isn’t affected by Obama’s health care, doesn’t lie about its real balance sheet problems.

Merge AOL with a content business...hmmmm, where I have heard that before?

The overly optimistic Case Shiller index shows NYC as being the only major condo market to actually show an increases in prices. Anyone who lives here knows that it is damn sure not for a dearth of supply! Why are prices going up amid a glut of supply? Let's ask Dr. Bernanke, AKA Dr. FrankenFinance for a greater level of understanding. Warning: this will probably piss off anybody who's not a banker.

Wal-Mart has so far been unsuccessful in its efforts to secure permission to open stores in the five boroughs. This has no doubt pleased its many clueless detractors apparently able to afford higher-cost grocery items, but for the New Yorkers already suffering nosebleed rents in what is one of the world’s most expensive cities, they’ll continue to overpay for basic goods in order to prop up local grocery stores able to mark up prices thanks to a lack of realistic competition.

If people tell you to keep politics out of economic and investing discussions, show 'em this ...

BaNZai7s version of the classic game everyone's been talking (and doing little) about...The Bailout Boys Are Back in Town!