A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Suckers ’
The Facebook IPO: Shareholders Weren’t Invited to the Real Party | Matt Taibbi | Rolling Stone
A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It’s based on a very simple concept: when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just “selectively disclosed” information to a small group...
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Egad, The Fed Pisses Me Off
From the excellent Binyamin Applebaum at the NY Times: One part of the economy that’s growing rapidly is the Federal Reserve. These are boom times for the central bank, which persuaded Congress to expand its responsibilities significantly in the wake of the financial crisis. And with greater responsibility comes a larger budget. If not...
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JP Morgan Chase CEO Is A Chameleon And A Snake – Full Story
(via South Florida Law Blog) The Jamie Dimon Apology Tour is in full swing. Perhaps you caught the first stop on this weekend’s Meet the Press. The chairman of JP Morgan Chase is trying to play us for suckers, publicly apologizing for his bank’s $2 billion loss. He called it an “egregious mistake”. He claims...
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McDonalds vs. Facebook – Toss me a BigMac
McDonalds vs. Facebook - Toss me a BigMac. (Taken from Phil's This is the End - But for Who?) A day late and a point short on the S&P. Our senior index finished the day at 1,358.04, just 0.96 under our 10% line at 1,359. Oddly enough, it never crossed...
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The Corzine Carol – Updated!
So we have new facts that have come to light in the Jon Corzine / MF Global scandal. After a day of Senate “I don’t know / I didn’t intend” testimony (or should we call it “intendimony?”) we learn that an auditor for CME learned that Corzine knew of customer funds being used to...
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Corzine Testimony Christmas Carol
Jon Corzine’s testimony could have been sung as a Christmas Carol: (Sung to “God rest ye merry gentlemen”) I guess you clever gentlemen Are wondering what I’ll say. Will I cite the 5th amendment Or did I come to play? Well I will tell you everything On this December day. You see, I don’t...
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TSA responds
"F you, F all you c***suckers, you wont change anything. ride the bus, TSA is here to stay there doing a great job keeping americia safe."
We won't fly blog.
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Dippers see blue skies ahead
Yet another V bottom,but some resistance above for the moment.
How many more suckers are left?
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Fed Report Correction – Home Suckers’ Tax Credit Deadline
Your editor just discovered that he has been giving out bad information about the home suckers’ tax credit for the past several months. The credit expires as of April 30 for CONTRACTS signed by that date, not for settlements by that date as I had been reporting. That means that the propping effects will...
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Bully running out of suckers?
A dab of paint to pretty it up at the bell,but not alot happening.
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Sour Housing Notes
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly...
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The Bad, The Ugly, and The Uglier- Professional Edition Fed Report
Tax receipts collapsed at an annual rate of 18% in October, which is far worse than I had feared based on our tracking of the daily data. At the same time, mortgage purchase applications collapsed last week, signaling the tailspin we expected as the first time home suckers panic subsided. The extension of this...
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SPX Update: The Crash vs. Seasonality: Round One
The traditional wisdom is that light-volume holiday sessions, such as the sessions approaching on Wednesday and Friday, are bullish. Since 1941, Black Friday (the day after Thanksgiving) has seen an average rise of 0.28%, and a positive close 70%...
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