Money

August 26, 2008

  • Blind Pigs and Jim Cramer

    Dear fellow investor:
    I'm not a fan of Jim Cramer on CNBC…I figure he's a high priced shill
    - to get you trading.
    However, even a blind pig gets an acorn once in a while. (…)

February 28, 2008

  • Hedge Funds, the New Beatniks

    Hedgies these days are racing into commodities.  Even big institutional institutions, such as Cal Pers, are rushing into commodities.  CalPers and Cal State Teachers Pension Funds are trying to get their allocation up to $7.5 Billion in their centabillion endowments.  Where have these people been?  The rise in commodity prices began in the first quarter of 2001.  The cut rate Greenspan plan of the 2001-03 era spawned a multitude of raw material price spikes.  There were articles on the web.  Morningstar dug up its old research in the early 1980s showing that bull equity markets and bull commodity markets were inverse…and we'd just done a half gainer off of the Y2K tower, splat onto the pavement.  Where were all these brilliant MBA and PhD types, the financial rocketeers of our time, with all their brilliant computers and the ability to type out a quadrillion number without breaking into an emotional sweat.  Huh?  Where? (…)

March 17, 2007

October 25, 2006

  • How The Dow Got Here

    Whoopie, a new 12,000 high for the Dow, and how nice for the Replicants. Could I rain on this parade? Oh, but of course. (…)

October 11, 2006

April 29, 2006

  • Odious to Bernanke

    The Columbia Biz School students have been busy parodying our new Fed Thief.
    The link is below. (…)

March 27, 2006

  • How Many Confessions Do You Need?

    The following public comments and quotes are loosely compiled from www.gata.org and other sources believed to be reliable.  GATA is the Gold Antitrust Action Committee started by a former commodities trader, Bill Murphy, and a newspaper guy, Chris Powell. (…)

March 21, 2006