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  • 6 Investment Themes for 2011  [View article]
    I agree by and large with your thesis but I am also heavily invested in silver and gold miners, and ag. I am not short anything. but i dont like us homebuilders, financials or retail either. i think energy should be good but torn between cop rsx and oih. thoughts on this?

    trying to overcome confimation bias there is controversy over banks shorts of silver and whether there are physical shortages of silver and to what extent this is likely to continue and effect share prices. hence i would expect silver to very volatile. my guess is we will see position limits and increased margins on silver but somehow the major shorters will be exempted from these limitations by given much more time to comply.
    Dec 26, 2010. 10:02 AM | 1 Like Like |Link to Comment
  • Citi's SEC Fine - You Should Be Perturbed by This  [View article]
    This is most distressing to me as as an investor. Time and time again the SEC fails to protect investors and then proceedes to wrist slap the offenders. No wonder individual investors are fleeing the markets. To cover up $30 Billion of problems while the share price plummets and no-one goes to jail or gets fired, or is forced to pay back ill gotten gains from selling shares at artifically high prices? The SEC is a joke.
    Aug 1, 2010. 02:14 PM | 5 Likes Like |Link to Comment
  • The SEC Is Harsher on Dell Than on Blankfein  [View article]
    You are unbelievable. have you ever been an investor? To say that you are comparing apples and oranges would be a ridiculous understatement.

    In the case of Goldman-they did nothing wrong and they certainly did not mislead investors. They acted as a broker for a synthetic instrument which they helped construct on behalf of a seller and marketed it to potential buyers.

    In the case of Dell, they basically cooked the books for several years which allowed Dell and their employees to benefit from sale of shares at artifically inflated prices while shareholders were being deceived. In my opinon Michael Dell should lose his job and be criminally prosecuted for this.

    Your writing is making me suspect that British education is over-rated.
    Jul 24, 2010. 08:21 AM | 1 Like Like |Link to Comment
  • Cancel Only 90% of the 'Erroneous' Trades  [View article]
    the 60% rule seems like idiocy . so if someone lost 58% on some trade becuase the market disappeared on them tough luck? why not set it at some non outrageious number like 10%?
    May 21, 2010. 12:40 PM | 1 Like Like |Link to Comment
  • A Real Goldman Sachs Scandal  [View article]
    I agree with you entirely, however one thing surprises me and i have to ruminate on this a bit. GS has made a big deal about when they are a market maker they dont disclose the buyer to the seller and vica versa. Now it would seem to me if they are willing to consider a short sale then they shouldnt care what happens after that. It really should make no difference to them whatever arrangement the seller works out with the exisiting occupant. the key question is whether the selling price is fair or not. lets face it when i buy a house, i have no obligation to tell the seller what i plan to do with it.
    May 21, 2010. 10:04 AM | Likes Like |Link to Comment
  • A Real Goldman Sachs Scandal  [View article]
    I suspect that you are omitting pertinent details from this case. They lived in this house for 18 years. are you telling me that they had an adjustable mortage for 18 years? my guess is that they started out with a fixed mortgage and refinanced a couple of times along the way. how much cash did they take out of the property? what is the mortgage outstanding on the property? what was the property worth two years ago? These are all details that have been conveniently omitted from your story. Its quite possible that it makes much more sense for Litton to toss the deadbeats out on their ears and hold the property for a couple of years than to accept a short sale with a loss that you have also omitted to tell how much it would be.
    May 20, 2010. 05:25 AM | 12 Likes Like |Link to Comment
  • Did a Clever SEC Bait Goldman Sachs Into Compounding Its Legal Problems?  [View article]
    What you are saying is not the whole story. Mr. Blankfein sold some 37,000 shares out of 75,000 shares that he exercised an option on . he continues to control over 2 million shares. I wouldnt consider that bailing out.

    Personally, i have been castigating GS for years for profiting from inside information obtained from their large network of sources. However I think this is a bum rap. their business is to go around finding buyers for sellers and sellers for buyers. Brokers do not go around disclosing who the buyers and sellers are ever.

    I also do not understand all the media bubble heads and analysts who are calling for blankfeins head on a platter as some means for appeasing a horrible regulator like the SEC who has missed every important fraud over two decades, including crazy eddie, and whose major victory was getting Martha Stewart , who frankly noone ever cared about. Now this suit actually threatens to impede capital formation and business development by preoccupying senior management of one of the biggest movers and shakers in the capital markets. This is just more horrible mismanagement of our government policy. Surely Blankfein did nothing wrong. He is supposed to do his job and he did. If anything we should be firing the stupid congressmen and regulators who got us into this mess, and grilling the ratings agency employees without whom this financial disaster would not have taken place.
    May 6, 2010. 02:03 AM | Likes Like |Link to Comment
  • Goldman Sachs, The SEC and the Question of Timing  [View article]
    yes-timing. besides the financial reform bill. there is also the matter of a report by the inspector general castigating SEC handling of the stanford financial investigation that just came out. apparently the Dallas field office of the SEC investigated in 1997 and was convinced it was a ponzi scheme that would blow up eventually but SEC mgmt didnt want to devote time and resources to pursue a case until 12 years later costing investor another $1 billion or so. When is the SEC going to protect the individual investor and were Geithner and Paulson any less deceitful than GS throughout the AIG bailout?
    Apr 19, 2010. 04:41 AM | 2 Likes Like |Link to Comment
  • Highlights From Warren Buffett's Annual Letter  [View article]
    I would be extremely skeptical of someone else saying that a division that had a staggering loss in 2009 was now solidly profitable after only two months in 2010 had elapsed. Since Buffett said it Im merely skeptical. I believe that Berkshire is undervalued too and its currently my largest position.

    I believe that one advantage that Berkshire has is that because they own so many disparate businesses Buffett gets a tremendous amount of real time information on how different segments of the economy are doing that is just not available to most investors. Matching that with the best capital allocator in the business makes for a durable competitive advantage.
    Feb 28, 2010. 01:29 AM | 2 Likes Like |Link to Comment
  • Catalyst-Driven Investing: Beating Mr. Market with KSP Shares  [View article]
    the reason i was cautious was that when they announced the terms of the new financing arrangement the interest rate was up 2+ %.. this is not the mark of a company whose fortunes are improving. I was surprised that no one commented on this but as the share price increased I passed.
    Jan 29, 2010. 04:06 PM | 1 Like Like |Link to Comment
  • With Burlington Northern (BNI) set to be acquired, something will have to replace it in the S&P 500 - how about its buyer, Berkshire Hathaway (BRK.A)? Warren Buffett's company was the largest by value not in the 500, because of thin trading, but the 50:1 split in Class B shares (BRK.B) changes that. BRK.B up 7.9% AH; Class A (BRK.A) up 6.7% AH.   [View news story]
    Not sure why its up now. This was pretty expected and the indexing will not occur until the merger is voted upon by bni stockholders i guess.
    Jan 27, 2010. 12:04 AM | Likes Like |Link to Comment
  • On Friday's earnings call, Morgan Stanley's Betsy Graseck asked JPMorgan's (JPM) Jamie Dimon what's in the way of raising its dividend? Dimon: "I think we’ve said we really want to see a real recovery before we do that because we don’t want to have to do this again. Just in case we have another dip down here."   [View news story]
    does it really make any sense that the employees get bonuses but shareholders dont get appropriate dividends?
    Jan 17, 2010. 11:11 PM | 2 Likes Like |Link to Comment
  • The Truth About Goldman and AIG Becomes Clearer  [View article]
    these bail-outs should be investigated for wrong doing by a special prosecutor. Was Goldman Sachs knowingly selling a product that they knew to be inferior to investors. DId Geithner and Paulson know who the ultimate beneficiaries were when they bailed out AIG? what were nature of the discussions between Geithner Paulson AIG and Goldman Sachs leading up to the bailout. Was this bailout congressionally approved? After all AIG was not a bank, it related doing the doings of an offshore office in London.

    On Dec 13 01:03 PM thesenator wrote:

    > Besides the great NECESSITY of bringing 10's of thousands of criminal
    > prosecutions against all these bankster and 'real' estate thieves
    > and fraud artists, the Clayton (civil) and Sherman (criminal) Federal
    > anti-trust laws MUST be used, en masse, against their criminal actions.
    > ALL the biggest banks MUST be shut down, and their charters revoked.
    > They now have criminally monopolized 70% of the US bank deposit base,
    > which has been, and still is, their and the Fed's (they OWN the Fed)
    > long-term, 80-year plan and purpose and goal. Actually, a former
    > Fed Vice Chairman in 1976 even told us at a Hill luncheon of the
    > FMLG that the Fed only wanted there to be 10 banks, like Canada,
    > NOT 16-18,000 banks. [I was also a "K" St lobbyist for the IBAA---the
    > small bankers.] Several of the attendees are still alive, and can
    > confirm that statement. Monopoly control of all our money, and "more
    > money" and financial and therefore political power and 'protection'
    > from the law for themselves, is ALL that the JP Morgan-Rockefeller,
    > Citigroup/corp, B of A and Wells Fargo, et al. banksters have EVER
    > wanted. They have bribed and intimidated their way to almost totally
    > succeding as of today. They MUST be stopped and imprisoned and their
    > 14+ "banks" literally extinguished, for the rest of us to have any
    > chance to live free and prosper. The alternative is what we now see---the
    > wipe-out of the middle class and more universal enslavement.
    Dec 14, 2009. 05:08 AM | Likes Like |Link to Comment
  • Should Goldman Get in Trouble over Information Sharing?  [View article]
    This reminds me of when I opened a morgan stanley accout, and i was told i would have on line access to all their research. What they didnt tell me was that there was a delay. The final straw was when I read about a research report on a company, which was quoted from in the journal, before it was available on line. This made me feel like a patsy.
    Aug 25, 2009. 07:12 AM | Likes Like |Link to Comment
  • Deutsche Bank Analyst: 'The World Is in Trouble'  [View article]
    your article as presented makes little sense to me. the world is not in trouble. but bondholders may be. clearly there will be more inflation, and one must act accordingly. while the dollar will weaken against hard assets so will the euro and yen. european banks are leveraged 30-1 and many have lent in euros to eastern euro consumers who cannot repay their debts. I think this is a wonderful time to buy hard assets if one can finance them with long term fixed debt. devaluation of currency is nothing new, and the structural changes will ensue that should make more increased efficiencies in the future if we can stop rewarding failure and currrency manipulation. I laughed when they made Mr. Brown , whose claim to fame is selling most of UK gold at $275, the new UK leader. When they promoted Geithner and Bernake, who helped orchestrate the mess the USA is in now, I was outraged.
    Aug 16, 2009. 12:14 PM | Likes Like |Link to Comment