Howard Lindzon writes what I think is an excellent column on the forced selling and puking of stocks in the US and in Canada. Check it out: Puking of Stocks
READ MOREBailout is necessary, but not a good thing
I wouldn’t pay attention to the short covering rally that the market experienced on Monday. And this rally may have some short term legs. But make no mistake about it, the government bailout of Fannie Mae and Freddie Mac has several negative implications for the economy, real estate and the stock market. Here are the […]
READ MOREMy dog
Franklin is quite a dog.
READ MOREDisrespecting
Ten year old Elvis pleaded with me once he got in my car. “Please, can we go over two blocks to see if my brother is ok? Two East Siders were threatening him.” “Is your brother in a gang?” I asked. “Yeah, he’s West Side, but he’s on probation.” “Elvis, I don’t want to get […]
READ MOREGambling for a living
Do you wonder why the market is so wildly volatile these days? I think it is because we are seeing a growing trend of money managers and specifically hedge funds managers trading like crazy and turning over their portfolio at ridiculous levels. One extreme example is Greg Coffey with GLG partners who turned his portfolio […]
READ MOREFinancial Lies from Merrill
After the close on July 17th, Merrill Lynch announced earnings. Actually it wasn’t earnings, because they lost money. They lost $4.65 billion on writedowns. On the 18th, the stock rebounded from earlier losses and closed slightly higher for the day on hopes and beliefs that the worst was over and that financial stocks had put […]
READ MOREJewish Perfection
Perfection is definitely not a Jewish thought or attribute. Consider the patriarchs of Judaism such as Noah who gets drunk, Jacob who steals his brother’s birthright by misleading his father Isaac, and even Moses, the greatest of all Jews, speaks with a lisp and disobeys God. And we could have a field day talking about […]
READ MOREWhere was Moses?
Where was Moses when God gave the Ten Commandments? Before I answer that easy question, its important to read what specifically happens before God reveals the Ten Commandments at Mt. Sinai. Basically, an eighty-year-old Moses goes up and down Mt. Sinai four times to communicate with God and the people of Israel. Why all the […]
READ MOREWhile Rome Burns
Apparently I’m not the only one outraged at the incompetence of not only Wall Street but every government official possible. The problem with the state of our economy is leverage and greed. And Congress and every other government official wants to blame speculators, senators and rumors. It is extremely sad that not one government official […]
READ MOREVoyage
This is one of the best things I’ve ever read: To be truly challenging, a voyage, like a life, must rest on a firm foundation of financial unrest. Otherwise you are doomed to a routine traverse, the kind known to yachtsmen, who play with their boats at sea–“cruising”, it is called. Voyaging belongs to seamen, […]
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