Give me a one-handed economist! All my economists say, On the one hand on the other. Harry S Truman I have long thought that if they give out Nobel Prizes for economics they should probably start to look at handing them out for homeopathy as well. The issue I have with economics/economists is the lack…
This struck me as intriguing I am going to have to go away and think about this some more. From Bloomberg “What does today’s stock rally equal in past markets? About half as much. The Dow Jones Industrial Average (INDU) reached 12,045.68, up 490.05 points from yesterday’s close. Adjusting for the market’s volatility in 2011,…
If you don’t already understand why people are pissed at Wall Street this piece might help you out a little. It details a somewhat cosy chat between Hank Paulson (US Treasury Secretary) and a group of hedge fund managers/brokers where Paulson discloses non public details regarding Fannie Mae and Freddie Mac.
Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool,…
With it being Friday it is time to select a winner from out emails to blog central and this week we have a bit of a corker. My house is open for inspection for the first day on Saturday. If it takes a while to sell I will need to success with my shares. I…
Groupon the darling of the social media buyer groups listed this month and it has been a bust. The stock is now trading at a substantial discount to the IPO. Granted the market has been crap but Groupon has been crappier I have written about this phenomena before and the questionable strategy of Groupon…
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