According to the NY Post, Warren Buffett (BRK.A) recently restructured his infamous derivative contracts by selling a "significantly larger number" of 10-year contracts than the original 18-year transaction. Meaning the risk of loss has increased, but only if markets decline from current levels and stay there. [View news story]
Risk is there. saying "the risk of loss has increased, but only if markets decline from current levels and stay there. " is like saying "my trading is not risky, unless it loses money."
Job Numbers from the Bureau of Spurious Statistics [View article]
Cetin, I am not sure I would call it a conspiracy. It's just that a bunch of guys that come up with government statistics have it in their interest to make things sound about 20-30% brighter than it is.
I don't view the government as a big nasty conspiracy. I think it's a bunch of kinda dumb PR reps who know that it's easier to print money and try to speak positively than it is to actually sort the mess out.
New York Fed Chairman Stephen Friedman resigns, effective immediately, although NY Fed's general counsel says Friedman's Goldman Sachs (GS) stock purchases didn't violate any rules. (PR) [View news story]
I think this falls under the category of insider trading.
Warren Buffett (BRK.A) says he'd love to buy Wells Fargo (WFC), but can't get regulators to agree. Which puzzles Mike Shedlock. "To not let a well capitalized company like Berkshire Hathaway acquire a bank when banks are clearly struggling to raise more capital makes no sense." [View news story]
Rough day for homebuilder Lennar (LEN). Shares fell 18.6% after it disclosed it's being sued over China-manufactured drywall it used in 2005-2006 which may emit various sulfur-based gases. LEN also filed to sell up to $275M in shares to increase working capital and repay debt. [View news story]
who the heck is stupid enough to buy a single dollar of their 275 million offering? I am tempted to find out who is buying the offering and short them.
Wells Fargo's (WFC) biggest stakeholder (BRK.A) explains why he's so fond of the bank. (Fortune) [View news story]
Buffet has made some really crappy buys over the last year in the financials, what puzzles me is why he just keeps pouring more and more money into them.
The new banks have not been de-leveraged. They are just moving their assets off balance sheet through the PPIP. They are posing as the private investors, getting more leverage from the Treasury and Fed, then buying their assets under another subsidiary name.
America is being impoverished by their banking government, and we still can't short the market at least not until we get a technical break of the current trend concisetrading.blogspo...
Derivatives: Gambling at Public Expense [View article]
The derivatives debacle is definitely unsolved and getting hidden under more and more Governmental meddling. Still, it hasn't paid to be early shorting this market wait until this concisetrading.blogspo... trend line breaks
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According to the NY Post, Warren Buffett (BRK.A) recently restructured his infamous derivative contracts by selling a "significantly larger number" of 10-year contracts than the original 18-year transaction. Meaning the risk of loss has increased, but only if markets decline from current levels and stay there. [View news story]
Job Numbers from the Bureau of Spurious Statistics [View article]
I don't view the government as a big nasty conspiracy. I think it's a bunch of kinda dumb PR reps who know that it's easier to print money and try to speak positively than it is to actually sort the mess out.
New York Fed Chairman Stephen Friedman resigns, effective immediately, although NY Fed's general counsel says Friedman's Goldman Sachs (GS) stock purchases didn't violate any rules. (PR) [View news story]
Warren Buffett (BRK.A) says he'd love to buy Wells Fargo (WFC), but can't get regulators to agree. Which puzzles Mike Shedlock. "To not let a well capitalized company like Berkshire Hathaway acquire a bank when banks are clearly struggling to raise more capital makes no sense." [View news story]
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Rough day for homebuilder Lennar (LEN). Shares fell 18.6% after it disclosed it's being sued over China-manufactured drywall it used in 2005-2006 which may emit various sulfur-based gases. LEN also filed to sell up to $275M in shares to increase working capital and repay debt. [View news story]
Wells Fargo's (WFC) biggest stakeholder (BRK.A) explains why he's so fond of the bank. (Fortune) [View news story]
Banking Won't Be Fun for a While [View article]
America is being impoverished by their banking government, and we still can't short the market at least not until we get a technical break of the current trend
concisetrading.blogspo...
Derivatives: Gambling at Public Expense [View article]
trend line breaks
12 Stocks with Lots of Cash [View article]