Leprechauns on Parade

Moment of truth time for the gold bulls and bears. The Will it or Won’t It Break $1000 polemic is every bit as suspenseful as the buildup to Ross and Rachel’s first kiss was during Season 2 of Friends. I don’t share investment ideas or make market calls on this site for compliance and business…

Hot Links: So Cute Your Head Will Explode

Stuff I’m Reading this Morning… 8 Reasons Goldman Sachs Says Buy The Chinese Selloff.  (TPC) Sex offenders living under a bridge receiving stimulus money.  I’d say that “stimulus” is the least of their problems, yuk yuk yuk.  (DailyBeast) Buffett still selling Moody’s.  Sucks to be a ratings agency these days.  (Bloomberg) Nikki takes us behind…

Pfilthy Pfizer Pfined

I have friends who work as pharmaceutical sales reps and quite frankly, I’ve never gotten a good answer as to why the pharma industry is even allowed to push drugs on doctors or the general public at large, either with gifts, dinners or television commercials. I am by no means anti the drug industry, I…

Hot Links: World of Seinfeld

Stuff I’m Reading this Morning… Biggest gain in Chinese stocks in 6 months last night, Shanghai up 4.8% on the session.  (Bloomberg) The age old debate about genes and income gets a great treatment by Mike Konczal.  (RortyBomb) The latest Fed meeting minutes divined for your reading pleasure.  (NYT) It’s that time again…annual report to…

From the August Archives

Your favorite Reformed Broker‘s taking a much-needed day off today.  While you’re reading this, I’ll be at an amusement park with the family going for a world record in funnel cake eating/ roller coaster riding. Below are some recent posts I did that you may have missed.  If you saw them all already, then I’ll…

Did We Fall Off The Bull Today?

[youtube=http://www.youtube.com/watch?v=T5ZrTO7yRYI] Nasty bank failure/ secondary rumors all day today… Banks down 4.5%, Oil back under $70, AIG down another 8, Dow down 180 points with a little more than an hour left. Guess we’ll see.

Dear Deadbeat States, Please Pay Your Mortgages

I don’t like to point fingers or anything, but it seems that in July 2009, only 7 of our 50 states were responsible for 67% of the nation’s property foreclosure filings.  That’s right, two thirds of the foreclosures are in…well, I’ll let you name the states. That’s right.  California, Florida, Texas, Arizona, Nevada, Georgia and…

The Bankrupt Stock Casino Stays Open

Oooh, Superfly You’re gonna make your fortune by and by But if you lose, don’t ask no questions why The only game you know is Do or Die -from Superfly by Curtis Mayfield   I got a call the other day from a friend of mine looking to buy shares of bankrupt Lehman Brothers, which…

Hot Links: Venom Mickey

Stuff I’m Reading this Morning… FDIC’s Sheila Bair makes the case against having just one banking super-regulator in this morning’s op-ed.  (NYT) Are you following the JunkDEX?  Guess what the components are…lol.  (VIXandMore) Check this huge graphic out: The Anti-Fed Fact Sheet.  (VisualEconomics) Chinese ADR’s outperforming actual Chinese stocks…’cause we westerners know better what your…

Tomorrow's Business Headlines?

I’m not saying these hypothetical headlines are likely, but I also wouldn’t fall out of my chair if one of ’em popped up in some variation or another. “JPMorgan’s Dimon Jealous Of AIG And Citi, Wants Back In To The TARP” “Four Hundred Percent Of All Homeowners Underwater On Two Hundred Fifty Percent Of Their…