[8:00am ET] I have been so busy, I just picked up this blog entry from kaimu from Monday morning:
ALOHA!!
I am now freezing my ass off in Dallas, headed to San Diego then back to Hawaii about mid Feb …
Even though I was under the weather, with a bad cold, almost the whole time I was in the Bahamas I had a great time there and was able to do some business, even marketing orchids!
My thanks to Bill & Co … for an insiders look at the BAHAMAS … Very enlightening! I enjoyed the “mates” and the “piss up” at the CRICKET CLUB!! No “cricket” !!
[8:00am ET] I have been so busy, I just picked up this blog entry from kaimu from Monday morning:
ALOHA!!
I am now freezing my ass off in Dallas, headed to San Diego then back to Hawaii about mid Feb …
Even though I was under the weather, with a bad cold, almost the whole time I was in the Bahamas I had a great time there and was able to do some business, even marketing orchids!
My thanks to Bill & Co … for an insiders look at the BAHAMAS … Very enlightening! I enjoyed the “mates” and the “piss up” at the CRICKET CLUB!! No “cricket” !!
[8:28am ET] I think maybe the guys in yellow won. I know that most of the people at the party were not watching one of the TVs, including the giant screen we were standing beside in the courtyard where I live. Most of the talk was of Liverpool and Arsenal and Man U. But, then, as I remarked to my friends, we were rather an eclectic group, from Ireland, Scotland, England, India, Germany, Spain, Holland, Colombia, somewhere in Africa, the US and of course Canada. I am sure I missed two or three countries in that small group of about a dozen of us.
[8:05am ET] Humungous Bank & Broker (HB&B) has paid out a total of $18.4 billion in bonuses for 2008, the sixth largest payout ever, in a year where they took clients to the largest financial losses in modern history, and also shortly after the ex-Treasury Secretary
[8:05am ET] Humungous Bank & Broker (HB&B) has paid out a total of $18.4 billion in bonuses for 2008, the sixth largest payout ever, in a year where they took clients to the largest financial losses in modern history, and also shortly after the ex-Treasury Secretary
[7:30am ET] The story of the Fairfield Greenwich Group (see link) points to the truth of what I have been saying from the start of my blogging: the financial services industry has for years misrepresented their respective roles in serving the client.
http://finance.yahoo.com/news/Managers-luxe-life-on-the-apf-14190784.html
[6:56am ET] This week
[7:29am ET] Reading the Discourse this morning, I noted a couple interesting comments. One dealt with the Silver Wheaton’s (SLW) $250 million financing and the issue of dilution, and the other with global equity market correlations.
[8:00am ET] The noise level is building from the ‘experts’ on TV. By the end of the week, I expect that most of the S&P 500 earnings will be in and probably 20% of these companies are likely to disappoint. Then there will be a new round of stories, mostly negative. But, as long as the Banks can manage their capital issues, which is likely, and we see more instances of insider buying from bank officers and directors, like JP Morgan CEO Jamie Dimon for instance, the market will also likely be net buyers, and prices should generally lift.
[8:20am ET] Hear no Bull; speak no Bull; see no Bull. Isn
[7:45am ET] Last Friday, the Cara Decision Desk projected an Obama Rally. So that the facts are not distorted, I will repeat what I wrote:
[7:15am ET] The Obama Inauguration Rally starts this morning. Carnival American-style. Banks and Retailers, Energy and Basic Materials, Technology
[8:32am ET] The public continues to receive solicitations from stock-tipping newsletter writers professing to be expert in some subject matter or other. I received one yesterday that was headlined,
[6:35am ET] Today, the world will be watching African-Americans take their final steps to freedom. In celebration, I
[6:30am ET] It is unfair of me to lay the blame of the global economic and financial woes at the feet of the Big Three US banks, as I did in the Week In Review. All the money center banks of the world are to blame, and the equity markets have shown them an appropriate response.
Last week, the average loss in share price of Bank of America, Citigroup and JP Morgan was -35.0%. But, UK
[7:15am ET] The Obama Inauguration Rally starts this morning. Carnival American-style. Banks and Retailers, Energy and Basic Materials, Technology
[6:25am ET] US taxpayers can read this and weep. Bloomberg just put the cherry on the layer cake I have been baking for the past two years.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAvhtiFdLyaQ
[9:06am ET] A lead article in Bloomberg today reads,
[8:26am ET] Bernanke is in London today to meet with British Prime Minister Gordon Brown and deliver speeches to explain the Fed
[7:15am ET] A better TARP? A CNNMoney article asks an important question, but the public is skeptical.
Treasury Secretary nominee Timothy Geithner is working on plans to revamp TARP to include programs to prevent foreclosures and help cash-strapped municipalities, small businesses and consumers, two transition aides told CNN.
[7:15am ET] A better TARP? A CNNMoney article asks an important question, but the public is skeptical.
Treasury Secretary nominee Timothy Geithner is working on plans to revamp TARP to include programs to prevent foreclosures and help cash-strapped municipalities, small businesses and consumers, two transition aides told CNN.
[7:21am ET] In a Toronto Star article [