Wez

Kicked Out of Finance and into Journalism

This is a constant problem in our world, crime pays because there is no real consequence. In the financial world we see the same culprits pulling scams on people again and again because we have no system for tracking known fraudsters.

Insider Trading on UUP Options?

I reported it to the SEC, should I hold my breath now or wait a few days to see if they do anything?

Banks Don't Intentionally Overcharge Credit Card Customers… Or Do They?

Credit card companies routinely overcharge, it's common knowledge. They will "graciously" "correct" their mistake if you call them on it, which means they keep about 95% of those mistaken charges.

Why Natural Gas ETF Has Resumed Its Climb

You meant FCG was up 35% ytd.

Stiglitz: Banks Are Worse Off than Before Crisis

Volcker is 80 something, give him a break, he has bigger fish to fry. Keeping that diaper dry tends to become more important than saving the country, again....

Morgans Hotel: A Zombie Company Bleeding Cash and Defaulting on Loans

Interesting Vegas Guru. Also, almost everything heavily shorted in this market lately has gone straight up on squeezes. This thing may hit 10 before it eventually hits zero Greg, but thanks for the info., I too look for your articles.

Fed Manipulates Stock Prices

This is blatant stock manipulation using insider information. Because it's happening at the highest levels of our economy (Fed & Treasury) those involved are literally above the law. Where is the SEC on these issues? Oh, I forgot, they were at their Wall Street sponsored 75th anniversary dinner....

SEC vs. Bank of America: More Toughness Needed

The SEC needs real world experience on their staff. I work on Wall Street and it's common knowledge the SEC auditors are clueless about the industry.

SEC vs. Bank of America: More Toughness Needed

Agreed 100%. The SEC is still a joke. Their 75th anniversary dinner being sponsored by Fidelity, S&P, DE Shaw.....they have learned nothing over the past 18 months. The SEC should be gutted just like most Wall Street firms.

Short Housing for the Long Term

Haaa, keep dreaming buddy. "Ask any real estate agent..." now that's a great source of unbiased information.... Btw, I have a real estate license, CA is a disaster.


On Jun 03 03:00 AM twaite90 wrote:

> I do not know why people here are so negative about housing. CA is
> booming. Ask any real estate agent in california, they will tell
> you, housing is up, passed the bottom already.

What a Typical Investor Circa 2007 Would Need to Break Even Now

You do realize that interest rates now being at zero, unlike in 1987, is a hindrance to stocks going up from here, right? Stocks do much better in a falling rate environment than a rising rate.


On May 06 07:35 PM Dr. O wrote:

> Looking at the chart of the S&P 500 the "crash" that unfolded
> over several months between Sept. 2008 and March 2009 reminds me
> of the crash of 1987 and bottoming process the lasted a few months
> after that.
>
> Lots of bearishness back then, the market was 40% off it's peak then
> too. But within 2 years the market had regained all the lost ground,
> and kept on rising. And the FED and central banks worldwide are printing
> money much faster now than they did then.
>
> In 1987 interest rates were 8-9%, now they're zero!
>
> Now that the stock markets have taken off, it wouldn't surprise me
> to see them keep on going up. Cash is most definitely trash. There's
> lots of bad things to pick up on in individual stocks, the economy,
> etc.
>
> But I'd say the market has turned, and the worst is over. If the
> FED and other central banks are willing to supply money at zero percent
> interest rates, stocks will go up, as will commodities.

Las Vegas Homeowners Lose Their Bets as Home Prices Fall

Time to re-fi bro, rates are way down.


On May 01 12:31 AM sr9web wrote:

> I own a split-level ranch 5 bedroom, 3.5 bath, stand alone garage
> West of Boston. Bought in 2000 for 250ish and now owe 150ish. Have
> 15 years left on a 5.65 fixed. The housing crisis is only being experienced
> by people who bought too much house for too much $$.

True Religion: Overreaction on Wall Street

Ever heard of a fad stock? This Depression is gonna hurt luxury apparel retailers hard.

Cutting Back Commercial REIT Shorts, Again

Hey Mark,

It seems to me the market is due for a bullshit rally. We are still down 15% on the SnP for 09. Coming off a 20% rally from 666.

From here the mrkt either goes up or down. A straddle seems the best way to go. Happy Hunting......

Traditional Retailers Return Dismal Online Search Results

I had a gift certificate at Toys-R-Us and wanted a specific item for my son. After spending 15 mins on their website and on the phone with them, I ended up buying the item from Amazon because they came up with exactly what I was looking for when I did a search and had a much larger selection. We bought diapers at Toys-R-Us and have no intention of every stepping foot in their stores again.

The brick and mortars are just dumb.