K Ackermann

Wall Street Breakfast: Must-Know News

There is a section missing from all this great info - upcoming IPO's!

Just because there has only been 1 IPO in the last 5 months (a vitamin company) doesn't mean you should ignore this area. You could get creative in the space.

F.Y.I. - Next week, I will be making a cash offer to purchase GM for $1,000. It may sound low now, but give it a month or so, and I bet they will be jumping for the quick grand.

Thoughts on Apocalyptic Prophesy

What is up with this site?

I go to various good economics blogs and learn stuff, and then every once in a while I click through something and end up here - the CNBC of financial blogs.

If it's not some permabull lying to me, it's some nose-breather raising entropy without conveying even a single bit of information.

As GM Goes, So Goes the Nation (Part 2)

Here you are writing a nice historical piece on GM, and then you have to go and cite Pimco's matrix of solutions.

It means your judgement is seriously impared, and all information coming from you must be treated as highly suspect.

That solution matrix reads like a condensed version of what put is in this mess. Don't you know Bill Gross only talks his book? He could care less if we all live or die, just so long is the market is good to him.

Read that chart again and tell me it is not a recipe for disaster.

The reason this country is so far off course is because of morons like you offering to be a sock puppet for evil slime like Bill Gross.

Roubini: Government-Backed Bank May Crack

Proper cleanup of the financial system?

That will take a lot of lead.

If we can get them in a straight line, how many heads can a bullet crash through?

Last Thursday Was the Bottom - It's Time to Get Back in

Now are bottoms usually put in, and recoveries started while all the banks are insolvent?

Just wondering.

Friday's Bond Outlook: Yield Curve Flattening Continues

What was he supposed to say, "because a dynamic system with continually changing variables can only be simulated using Monte Carlo methods et al,..."

Friday's Bond Outlook: Yield Curve Flattening Continues

For the love of Christ, Joe!

'The Shallowest Generation': A Rebuttal

I didn't read the original essay, but I can still say this rebuttal is extraordinarily lame.

When you write a line like:
<i>In fact none of his data supports any aspect of his claims</i>

It should be supported with your own data; otherwise, you sound like just another hyperventilating moron spouting opinion.

You want to write an opinion piece? That's fine; but don't call it a rebuttal, call it an opinion. To read your piece, you would think this whole mess is due to Paulson and Corzine.

Then there is this beautiful Gem:
<i>Quinn takes a little side trip into how manufacturing was outsourced without explaining why and what the alternative would have meant economically.</i>...

And neither did you. Why don't write up a good piece on globalization and what all the benefits of it are? Before you do that, though, look up when the last time was that we ran a trade surplus, and see if you can infer the significance of that.

Welcome to Wall Street, Barack Obama

When John Boggle calls the market way oversold, he destroys trust in himself, and that is not a good thing for a fund manager. As George Bush about the value of credability.

It's real simple folks: until you start hearing good news, then the market will continue to retreat.

If you day trade, then the market is beautiful for just playing leveraged ETF's. If you are only looking to go long, then you probably have been loosing a bunch of money, and you will continue to every time you buy a 'value' stock.

From Sept to Oct, Merrill lowered the earnings estimates across the S&P500 nearly 25%, so when you feel good about buying a stock with a P/E of 8.00, you should get ready for a revised earnings estimate that will keep your P/E at 8.00 even as the stock continues to tank.

Commodities Still Have Downside - Barron's

It amazes me that so few people talk about deflation. Not one mention of deflation in this report, and it is the driving factor behind the drop in commodities.