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Skull & Bones

Skull & Bones
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  • Money, Power And Wall Street [View article]
    Phil,

    I must say that your insight consistently cuts through the "smoke" and shatters the "mirrors" of the non-stop multi-media propaganda drive perpetuated by the "bought and paid for" corporate and governmental privileged class in this country. The markets appear to be at the mercy of this message.......for the moment. And while we have to play the game to earn a return, yours is a voice of unwavering conviction that clearly focuses on the forest fire..........instead of the "green shoots".
    Apr 28, 2012. 02:48 PM | 15 Likes Like |Link to Comment
  • The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
    Just to be clear. The Hilsenrath story was never a rumor.....it was a fact known, in advance, by the front running elite who successfully CRUSHED the retail trade who was selling into Friday's open based on this "rumor". The Fed is engaged in policy that may ultimately crush the vast majority of citizens in America......and they are doing it with the full blessing of the US Government.
    May 11, 2013. 11:45 AM | 7 Likes Like |Link to Comment
  • Authorities are unlikely to file criminal charges against Jon Corzine and other top MF Global execs after concluding that weak risk controls and chaos rather than fraud led to the disappearance of around $1B in customer money, the NYT reports. Regulators are still mulling civil action, while Corzine & Co. also face client lawsuits, which bankruptcy trustee James Giddens has agreed to co-operate with[View news story]
    Not surprising that someone as politically connected as Jon Corzine would not face criminal charges for his role in the fraud. If nobody involved in the sub-prime meltdown went to jail did you really think Corzine was even worried?
    Aug 16, 2012. 04:46 AM | 6 Likes Like |Link to Comment
  • Today's Gold Rally Is NOT Justified [View article]
    LMAO!

    The financial crisis can be solved tomorrow with Gold @ $10,000 per ounce. Central Bankers are global smoke & mirror fraudsters!
    Sep 6, 2012. 08:14 PM | 5 Likes Like |Link to Comment
  • Jackson Hole: Make Or Break For The Markets [View article]
    The Fed has no intention of easing at Jackson Hole. Why should they? The mere threat of additional easing has accomplished the desired result for the time being.....Ivan Pavlov would be very proud. The Fed and European politicians, seem quite confident and comfortable levitating markets and managing currencies through an endless charade of outright lies and deceit. It will continue to work until it doesn't.
    Aug 14, 2012. 07:40 PM | 5 Likes Like |Link to Comment
  • More on the Groupon disaster: Europe is still weak - Q4 international revenue -16% Y/Y (was +3% in Q3), billings +6%. North America was better: revenue +109% (+81% in Q3), billings +51%. Direct revenue (e-commerce sales) rose to $225M, now 35% of revenue. But it produced just $6.6M in gross profit. This led gross margin to fall to 55.7% from 80.4% a year ago. Marketing spend -61% Y/Y to $60.9M, SG&A +20% to $307.6M. Capex $40M in Q4, $96M in 2012. Headcount fell by 472 to 11.4K. GRPN -19.9% AH. CC at 5PM ET (webcast). (PR) (slides[View news story]
    Unmitigated disaster.......all the signs were there for those who were looking. The analyst upgrades a week before earnings confirms that it's business as usual on Wall Street.
    Feb 27, 2013. 05:04 PM | 4 Likes Like |Link to Comment
  • The SEC reportedly is investigating a surge in trading of Heinz (HNZ) call options on Tuesday, before news the company was being bought by Berkshire Hathaway (BRK.A) and 3G Capital for $28B, or $72.50 a share. A Heinz $65 call option expiring on June 22 apparently had a volume of 2,593 contracts on Wednesday vs. an average over the prior 20 days of 13. 3G's acquisition of Burger King in 2010 came under similar scrutiny. [View news story]
    SEC will investigate. Nobody will be charged. Nobody will be punished. Basically it will be a "nothing to see here" case closed. There was a HUGE lesson that came out of the Financial Crisis of 2008. The laws of the United States do not apply equally to the largest corporations and their officers.
    Feb 15, 2013. 03:34 AM | 4 Likes Like |Link to Comment
  • Two U.S. pension funds sue BlackRock (BLK), alleging the asset manager systematically "looted" securities lending revenues from its iShares ETFs by taking 40% of the money for itself. One academic says 20% is a more typical cut, and 35% would be considered "high." [View news story]
    There are two absolutes in the Land of the Free and Home of the Brave.......1) The Banksters ALWAYS win......2) They NEVER go to jail.
    Feb 3, 2013. 08:43 PM | 4 Likes Like |Link to Comment
  • Is Gold Ever An Investment? [View article]
    Gold is not an investment. Gold is simply a measure of the degree to which people trust government's ability to maintain a stable financial system. The behavior of Gold over the last decade speaks volumes to the lack of faith people have in governments.
    Apr 11, 2012. 01:26 AM | 4 Likes Like |Link to Comment
  • The Gold Bull Market Is Over [View article]
    Is gold a commodity, an alternative currency, a bet against irresponsible governments or a religion? Why it's all of the above of course. When someone can convince me how to effectively "unwind" the financial alchemy of a $700 trillion derivatives market without triggering a daisy-chained collapse of the global financial system I will be comfortable calling the end of the gold bull market.....I won't hold my breath.
    Dec 15, 2011. 05:37 AM | 4 Likes Like |Link to Comment
  • Stocks: A Critical Showdown Begins On Monday [View article]
    Eric,

    This is an impressive and comprehensive analysis of the current market landscape. The glass is both half-full and half-empty at this point......and the markets will indeed determine whether the cup runneth over or runneth dry.

    Due diligence and perseverance will carry the load and the day.
    Oct 16, 2011. 09:22 AM | 4 Likes Like |Link to Comment
  • Monday's Sell-Off Respects Fed's Printing Press [View article]
    Ben "Houdini" Bernanke has been levitating these markets with QE magic and most investors are completely convinced by his "tricks". Unfortunately, magic is not the same as reality so wise investors will keep an overweight portfolio of real assets throughout the entire "smoke & mirrors" performance which could take some time to play out.
    Sep 18, 2012. 12:57 AM | 3 Likes Like |Link to Comment
  • Friday Fakery: $188Bn Buys You A One-Day Rally [View article]
    At these levels you should already be "falling down drunk" with significantly impaired cognitive abilities.
    Aug 17, 2012. 07:12 PM | 3 Likes Like |Link to Comment
  • 2 Financial Stocks To Buy In This Banking Mess [View article]
    It is laughable to even suggest that any sort of major repercussions wil be forthcoming as a result of JPM's derivatives trading loss. These losses in no way jeopardize the long term viability of the bank or the financial system. If the government wants to make an example of someone they should look in the mirror and blame themselves for being so stupid about not regulating derivatives in 1996. It seems that Congress was so fully under the spell of that old gasbag Greenspan that they failed to act......what a surprise. The government had a golden opportunity to put the genie back in the bottle following the 2008 Financial Crisis and they failed miserably. I'm sure there will be a full-blown Congressional "dog & pony" show in front of those same clueless Congress members, who accept large contributions from JPM, to assure the public that proper safeguards are in place......only the most foolish and gullible will believe any of it.
    May 23, 2012. 11:07 AM | 3 Likes Like |Link to Comment
  • Time To Take Some Risk Off The Table [View article]
    Prepare for the postponed effects of gravity to weight this market down.
    Apr 4, 2012. 06:27 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
59 Comments
106 Likes