Who is this guy on CNBC imitating Rick Santelli lately? It sure can’t be the real Rick Santelli. It appears that maybe some senior executives decided to neuter Mr. Santelli. Look closely, Rick is not even waving his hands when he speaks. Where is the Wolfman? Mr. Santelli, you are a great American. We need [...]
I am relaxed now. I am relaxed because I know that everything has been fixed and corrected in our great nation. Our new energy policy is formulated. Tick it off the list. Our foreign policy long-range plan is finalized, as are the intermediate-term strategies and short-term tactics to implement it. Tick. I also feel better [...]
OK. So Goldman Sachs is buying a theme park outside the United States. I wouldn’t have any problem with that, normally, if it were their money they were using. But is it? They took $9 billion in TARP money, right? They took $13 billion in our tax-payer funds indirectly (part of what we gave AIG [...]
How many times have these congressman expressed their “outrage” over the AIG bonuses. Where is the outrage over the entire $180 billion that was given to AIG? The money is gone. It was given to Goldman Sachs and other banks that were on the other side of AIG’s credit default swaps. The govenment didn’t bail [...]
How can it be a “green” Saint Patrick’s-themed day on my Bloomberg screen when first thing I am watching on the TV is Meredith Whitney on CNBC? I guess Jon Stewart’s criticism of CNBC’s ever positive spin is filtering through to the CNBC producers. Maybe it is a bottom?
I was having hope that we had [...]
I like 90% up days. It makes me want to buy dips.
The technical numbers and jargon (RSI, ADV/DECL, BREADTH, etc.) really do nothing more than help us fit pieces to the new puzzle. In lay terms, the market was so far below its moving averages, that the current market backdrop is simply that the long [...]
The most recent Fed flow of Funds report was just released – http://www.federalreserve.gov/releases/z1/Current/
We use this report to calculate the Q Ratio which is a measure of estimating fair value of the stock market. A figure of 1.0 is considered fair value. For a reference point, during the dot com bubble, the market was extremely overvalued. [...]
Six,and Being Long, and Market Psychology.
Well, a few weeks ago, it was March 6th. The S&P hit 666, and the dow had gone below 6,666 as well. My odometer on my Silverado hit 36,666; I ususally don’t keep cars that long. My wife and I got into 6 fights in one day. To top it all off, I ordered an [...]