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EMS

EMS
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  • The general consensus that the BP (BP) oil spill is the worst-ever environmental disaster is "wildly overblown," a University of Alabama professor says. The amount spilled is tiny in comparison to the amount spilled by rigs and tankers around the world every year, he says, and it's not even the worst spill ever in the Gulf of Mexico.  [View news story]
    I'm a Prof. This is Jackass.
    Jun 4, 2010. 11:40 PM | 1 Like Like |Link to Comment
  • It's Not Just Hungary [View article]
    Prediction : A failed auction at any of the top-rated developed countries (that includes UK) = the fast end of the ponzi for all.......when that happens look out below.
    Jun 4, 2010. 07:22 PM | 2 Likes Like |Link to Comment
  • Obama's upbeat comments on the U.S. job market earlier this week "suckered [people] into thinking this was going to be a good number," one mutual fund manager says. "No way should the president be commenting on the employment number ahead of time," an economist adds, claiming he and his advisers "need to better understand what the private sector is looking at."  [View news story]
    Anyway you slice it, this was a vile move on his part.
    Jun 4, 2010. 07:19 PM | 3 Likes Like |Link to Comment
  • Dick Bove turns negative on banks, particularly Goldman Sachs (GS -1.2%), cutting its stock price target and 2010 earnings estimates. It has nothing to do with the SEC's civil suit; "It has everything to do with fears in Europe, the fears in the financial markets and the widening of the spreads."  [View news story]
    Why would anyone with half a brain believe anything one of these guys had to say ???
    Jun 4, 2010. 05:20 PM | Likes Like |Link to Comment
  • Are we headed for another Lehman? The global economy confronts massive hurdles, the euro appears fundamentally broken, investor sentiment is fragile, and those in charge don’t seem to fully grasp the problems at hand and have failed to provide strong solutions. Yes indeed, PragCap says, "the potential is there for a crisis far worse than Lehman" - which should have us concerned, not to mention furious.  [View news story]
    Just don't be too smug. The government will interfere and you will probably be left bitter...,.,
    May 27, 2010. 07:47 PM | 8 Likes Like |Link to Comment
  • Tuesday Outlook: It's Deja Vu All Over Again [View article]
    I think this point is valid. In a low-volume, overbought market, many were looking for this. Additionally, important intra-day technicals were violated. I won't even posit the concept that last Sunday's terrorist threat in NYC was a financial terrorist conspiracy....
    May 11, 2010. 07:02 PM | 1 Like Like |Link to Comment
  • Federal officials have reportedly launched criminal and civil investigations into whether JPMorgan (JPM) acted improperly to depress the price of silver.  [View news story]
    I think that messing with these huge Banks (JPM, GS et al.) may induce a great, great unwind. Could be positive in the long run, but who cares, tradable is the downswing now occurring .
    May 9, 2010. 03:41 PM | 1 Like Like |Link to Comment
  • Some idiot may have made a typing error, but that's missing the point, Henry Blodget says. This is how markets can behave, especially on the downside, and weakening economic fundamentals and stock valuations certainly supported the sharp pullback. Predicting short-term market moves is folly, he says, but "further sharp declines wouldn't be a surprise."  [View news story]
    Ultimately we will buy. Just not now...
    May 6, 2010. 09:17 PM | 1 Like Like |Link to Comment
  • Barron's Andrew Bary says Wall Street's reaction to the Goldman Sachs (GS) fraud charges is overblown. "Patient buyers of Goldman stock probably will come out ahead, given the company's low valuation and the likelihood that even a defeat at the hands of the SEC probably will be financially tolerable."  [View news story]
    That is the plan...you bet.
    Apr 18, 2010. 10:21 AM | Likes Like |Link to Comment
  • Volcanic ash from Iceland's Eyjafjallajökull has grounded more than 20,000 flights so far. Northern Europe airports will mostly be closed today, but disruptions could still be felt for months. The IATA estimates canceled flights are costing carriers $200M per day. You might have to switch to taxiing across Europe, like John Cleese. (ETF: FAA)  [View news story]
    Prediction: GS gets driven into its own (Private Hands)
    Apr 17, 2010. 04:26 PM | Likes Like |Link to Comment
  • Goldman Sachs' (GS) pitchbook for the $2B Abacus CDO - full of references to ACA Management personnel, but not a Paulson in the bunch. Meanwhile, Goldman reportedly kept quiet that it was warned nine months ago that investigators wanted to bring a case. (yesterday)  [View news story]
    And that is the BIG setup.
    Apr 17, 2010. 02:59 PM | 1 Like Like |Link to Comment
  • What We Won't Get From Sunday's Healthcare Vote [View article]
    Charity hospital exist man. Anyone who choses to forgo insurance, or who should't be in this country in the first place get free care. There, the tort system works at will against the states, cities and doctors. The Lawyers operate and make far more that the docs. Brilliant.
    Mar 21, 2010. 08:19 PM | 6 Likes Like |Link to Comment
  • Curious reporters from the Planet Money podcast pool their cash to buy a piece of a toxic asset - and plan to track it, like a Tamagotchi-style pet, until it dies.  [View news story]
    A mortgage-backed asset (toxic) contains certain mortgages. So, homes owned outright, which don't have a mortgage, don't at all relate to the value of mortgage backed securities (toxicity).
    Mar 12, 2010. 09:05 PM | 2 Likes Like |Link to Comment
  • The Tiger Woods Dubai - a residential golfing community that is part of Dubai Properties Group - has at least two problems these days, but says it's committed to completing its Woods-designed course at Al Ruwaya. (previously: I, II)  [View news story]
    Will be a nice place for a bachelor party, for sure.
    Dec 15, 2009. 08:43 PM | Likes Like |Link to Comment
  • WSJ reports a widening net aiming at insider trading on Wall Street now incorporates a close look at one of the largest, most successful hedge funds: Steven Cohen's SAC Capital Advisors. A cooperating witness will talk about transactions at a hedge fund he worked at for years, reportedly SAC.  [View news story]
    Oh goodie- liquidation Monday coming !
    Nov 7, 2009. 09:38 AM | 1 Like Like |Link to Comment
COMMENTS STATS
578 Comments
869 Likes