Seeking Alpha

ACEMAN's  Instablog

ACEMAN
Send Message
ACEMAN, from UC Berkeley and the University of Paris/Sorbonne, by way of Ole Miss, splits time bouncing from Paris to Northern California and home to NOLA to rest his bones, eat some of the finest food in the world and watch the world go by at the Cafe du Monde with Walker Percy, and good ole'... More
  • IS THERE SUCH A THING AS PERFECTION? 1 comment
    May 12, 2010 10:47 PM | about stocks: C, BAC, JPM, GS
    Y'all can be religious or agnostic about this or a non-believer, but is there such a thing as "perfection." Apparently so if you believe the latest quarterly results of the Holy Quadrivium namely, Citigroup, BOA, JPMorgan chase and Goldman Sachs. How does y'all measure a "Perfect Quarter" (see Bloomberg, 05/12/2010)? The standard appears to be "zero days of trading losses in the first quarter." This must be some sort of droll joke of some sort.Does the "standard" also include the TARP money, or rather handout, too. Is this involved in the measurement? I wonder how most investors must feel, knowing quite well that the losses they were playing against the house. Those of us who do make some hard cash know hard hard it is to be free of losses week after week, month after month. So I'd like to propose to y'all to storm these Trading/Banker Oligarchs wherever they sit and demand to see what sort of financial shenanigans are goin' on and also see if we can detect accounting gimmicks and fraud in their regulatory filings. If y'all believe in perfection, I'd make a bet that y'all believe in the tooth fairy, too.

    Disclosure: No Positions
    Stocks: C, BAC, JPM, GS
Back To ACEMAN's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Mu$hin
    , contributor
    Comment (1) | Send Message
     
    It's really bad. While my mom loses money in her mutual fund...they banks are raking it in everyday. Is it b/c they have co-location, flash orders and all of that?
    4 Jul 2011, 10:14 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • We are buying the hibernating bears of INTC, AMD, QCOM and RIMM. The structural bear has teeth for Q1,2, 3 as well as strong dividends.
    Dec 4, 2012
  • We are buying BHP, lots of cash and under valued at $71.50. Also, we continue to by CHC and its warrants ans STP.
    Oct 30, 2012
  • We are buying bio-tech and bio-med: for example, KH, Chinese company just bought by Medtronics and PBMD, an Aussie-US firm and Gene.
    Oct 2, 2012
More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.