Obama

This is What Socialism Looks Like: Obama's Auto Speech

Below is a visual representation using the full text of President Obama‘s speech regarding General Motors and Chrysler yesterday.  The size of each word is dictated by the frequency with which it appears in the speech. I’m no bankruptcy expert, but friends of mine in the legal field are.  They believe that the notion of…

The Ener1 Situation is Exactly Why We Suck

I haven’t made many recommendations for clients in alternative energy stocks because a lot of the names that look commercially viable just seem too far away from profitability or are subject to drastic margin erosion (solar stocks, anyone?). I guess I’d rather be late but at least be involved in something proven. I read about…

Get-Tarp Hero: Take This TARP and Shove It

More banks giving the money back.  Fabulous.  I dont care that their reasons are selfish, the point is that there are winners and losers again and someone out there still has some fight left in them. From the New York Times: Financial institutions that are getting government bailout funds have been told to put off…

TMI, Warren Buffett, TMI.

Are you kidding me with this guy?  Get off the TV already!  Enough! Is it me or has Warren Buffett made more television appearances lately than Ryan Seacrest?  Today was a full court press with Warren on CNBC more than Erin Burnett.  They asked him like 90 questions, he even sat there while they dissected…

Roubini and Faber Out-Doom Each Other

Today, Nouriel Roubini tossed out another tasty treat for his bear worshippers on Bloomberg: “My main scenario is that it’s highly likely it goes to 600 or below (S&P 500)…Even if you do everything right with fiscal and monetary policy, we’re still going to be in a recession through the end of this year and…

Obama Throws a Lightning Round! BUY BUY BUY!

[youtube=http://www.youtube.com/watch?v=AspJFkzgwq0] “Buying stocks is a potentially good deal if you’ve got a long term perspective.” President Barack Obama, March 3rd, 2009 OMG, the President of the United States just called a bottom in the stock market!  Talking about Price to Earnings multiples and everything! After Obama made the above statement, Henchman Rahm Emanuel started flickering…

Who Really Gets Punished by a Wall Street Salary Cap?

Yesterday, the Obama administration announced that firms who are significant moochers of the TARP will have salary caps imposed on their executives of $500,000 per year.  While the effects will be deeply felt on Wall Street, let us not forget that many other individuals and businesses will also be devastated.  Below is a list of…