WACG

As the Dollar Continues to Collapse, Where Will You Put Your Money?

People that make extreme predictions are usually extremely wrong. But have fun and thanks for playing!

Dendreon Troubles Beyond Provenge Test

If we were near the turn of the century you would have saying that the telephone was too complicated for ordinary folks to use or the automobile was too unreliable to ever come into common use. Just keep on with those negative waves ...

Cramer Is Wrong: Why NII Holdings Is a Buy

Cramer permits his friends to "front run" price movements in many stocks he pumps and pans on his show.The disclosure that he "might" preannounce stocks discussed on his show scrolls by so fast that it is very hard to read the fine print. Cramer is a self-promting clown.

Potash Is Not Growing Green Shoots

You are going to get deservedly burned on your short trade - not that I care. For some reason you have the hubris to think that YOU can time the market(s) and even in POT. "Technical" analysis of stock prices is especially stupid in stock prices that are tied to weather, inelastic goods, and near monopolies ... but have fun. BTW, those that have any skill (and therefore success) in trading have NO NEED to yap about what they are doing.

Why We Went Short POT

Technical "Analysis" is EXACTLY like trying to drive a car by looking in the rearview mirror. Those that "invest" using such cloud pattern interpretations will lose money the same way. Shorting because of the truly imaginary patterns in price charts is doubly stupid because the risk is, in principle, unlimited. But have fun kid. It ain't my money.

Amylin: Icahn, Eastbourne Celebrate Disposal of Chairman

Cook and Wilson were instrumental in the systematic looting of Amylin. The amount of equity stolen from shareholders via the unconscionable flurry of stock options is one for the record books. All of it was done in the name of "retaining talent" while the "talent" lead the performance vis a vis share price from a high of 35 to $5.50. If Danny "Boy" Bradbury (CEO) can also be jetisoned perhaps there is a chance that some adults might break up the Amylin kegger and put the house back in order. The utter absence of ANY PR activity or department except when the children were desperately trying to save their jobs in the face of a proxy fight is emblematic of how rotten Amylin management has been. I say good riddance and get rid of some more of the barnacles.

Something Huge Is Happening with Amazon

Yeah, but can you make a notation in a margin? Can you highlight particular sentences? As far as real books are concerned Kindle will become "needed" when the current (and perhaps last) literate generation passes away. Reading is more than just "data transfer"; except perhaps for the tatooed cretins hunched around the mud hole.

Gold's Dueling Parabolas

Fractal! HA!! It is ABSOLUTELY IMPOSSIBLE for there to be ANY fractal structure in a financial time series. The most elementary reason (amongst MANY) is that the time series is not infinitely divisible and thus cannot be self-similar as a fractal. I find it amusing how people glom onto "technical terms" in the attempt to give their pseudo-analysis a kind of sophisticated luster to attract the innumerate and barely literate. What is next? A quantum chromodynamic analysis of the price of wheat? Past prices cannot and never will predict anything about the future price movements of anything.

Sell in May and Go Away: Good Advice?

The Fed can print all the money they want ... even until we run out of paper ... but that does not create inflation. "Printing money" only can cause inflation when it is loaned. In other words, if you have a veritable mountain of newly printed dollars they do not contribute anything until those dollars get into the hands of people via borrowing. There is not much borrowing going on and there will not be for several to many quarters.

24 'Expensive' Stocks That Just Might Go Higher

I always have to laugh when I hear, at the end of an analysis and stock recommendation speech, that the analyst has "no position" in anything he/she has talked about. I would prefer to hear where they have actually put their own money. Why bother me or others with what you do not think is fit to own (or be short of)!?

The Dollar's Tipping Point

HA! I should take advice from a former fashion model and clothing designer when considering macro economic trends!? The internet as an information distribution engine has become a "race to the bottom". Amazing! (and good grief!)

U.S. Real GDP Regression Analysis

I did not see any "Regression Analysis" in your blog. WHAT regression analysis? Perhaps you do not know what regression analysis is.

S&P 500 Price Change Frequency Distributions

HA! The price change (or returns as the literature calls them) are, in general, NOT normally distributed. Only the the statistically unsophisticated determine whether a normal or Gaussian distribution is present by "just looking at a picture". In fact, the "picture" or histogram by itself reveals very little. Those that think that these "chi by eye" judgements of normality are sufficient will never comprehend important financial phenomena like "option smiles" or even Black-Scholes option pricing calculations. There are a virtual infinitude of non-normal distributions that "look like" a bell shape curve. Each one has different properties. By the way, "pretty good" is for religious judgements not mathematics.

Cramer's Mad Money - When the Facts Change...(6/25/09)

Cramer permits his friends to "front run" price movements in many stocks he pumps or pans on his show.The disclosure that he "might" preannounce stocks discussed on his show scrolls by so fast that it is very hard to read the fine print. Cramer is a self-promting clown. Only market neophytes pay any attention to Cramer.

Chart of the Day: Risk and Size in Banking

As for the spreadsheet: It is "nice". However, as a matter of principle I refuse to accept any calculation from some cobbled together spreadsheet as representative of "reality". I advise others to reject as nonsense such calculations ESPECIALLY when they are hidden (and why is that, hmmm?). I will answer my own rhetorical question. Hidden calculation methods always alway always hide an agenda that requires particular numbers for support. But have fun!