February 2013

The Other “Great Rotation”

I’m not rooting against your precious metals positions so please don’t shoot the messenger… From Reuters: “It’s clear the funds are not coming in to support the market, and I don’t see any physical interest either. There has been a clear rotation out of gold and other commodities into equities,” said Bill O’Neill, partner of…

QOTD: Advice is Not a Transaction

This past week was the annual T3 show in Miami, an event that connects vendors of technology with the financial advisor and broker-dealer community. WealthManagement.com’s Jerry Gleeson interviewed Joel Bruckenstein, one of the event’s co-founders. When asked about whether or not technology or software would ever take the place of living, breathing advisors, Bruckenstein had…

Screw these guys…

They had their shot to make unlimited bank in the Great Recession, now they can kiss my ass. Those pawnshop motherf*ckers too – tough luck. From USA Today: With the economy on the upsurge, it’s a tough time to be a repo man. More car buyers are keeping up with their auto payments or coming…

Today’s Stat: Too Big To Comprehend

By the codpiece of Thor! Our stat of the day comes to us from Bloomberg: Using international standards for derivatives and consolidating mortgage securitizations, JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. would double in assets, while Citigroup Inc. would jump 60 percent, third- quarter data show. JPMorgan would swell…