I don’t know why I find this so amusing, but:
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via New Yorker
[...]I just returned from a family vacation in Disneyworld.
As you might imagine, returning from a fantasy land filled with amazement, consumption, blissful illusion, and other happiness-stretching experiences, I received more than the usual number of greetings from friends, family and colleagues at home – the [...]
Some Tuesday reads:
• Howard Lindzon: The Top Ten Reasons You Sold Stocks on March 9th, 2009
• British break up several bailed-out banks (Washington Post)
• Synchronicity and Stock Prices (Barron’s)
• States Are Pondering Fraud Suits Against Banks (NYT)
• Malcolm Gladwell: How different are dogfighting and football? [...]
There is an interesting article discussing “Former bears” and their recent bullish views on the current markets.
It makes for interesting reading regarding some contrarian thinkers.
I am thrilled to be on any list that includes Ned Davis, Mark Hulbert, Bernie Schaffer, Jon Markman, Gary Shilling, and Jim Stack:
“Barry Ritholtz: Barry made [...]
My long time readers are familiar with Jeremy Grantham of GMO as I quote him a lot. He is one of the more brilliant and talented value managers (and I should mention very successful on behalf of his clients). He writes a quarterly letter which I regard as a must [...]
David Singer annotates your world, with a look at an infamous technical pattern, the famed Head & Shoulder:
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Failed Head & Shoulder Top>
Head & Shoulder Bottom:James Bianco has run Bianco Research out of Chicago since November 1990. He has been producing fixed income commentaries with a circulation of hundreds of portfolio managers and traders. Jim’s commentaries have a special emphasis on: money flow characteristics of primary dealers, mutual funds, hedge funds, futures traders, banks, and [...]
With gold rallying to a fresh all time high today, let’s again put the performance this year in the S&P 500 in gold (real money, non fiat) terms ahead of tomorrow’s FOMC statement where we’ll hear whether they hint at any change in the level of their extraordinary accommodation. In [...]
Sept Factory Orders rose .9%, .1% more than expected as transportation orders were revised up from last week’s durable goods report which comprises about half of today’s figure. Non Defense capital goods ex aircraft orders were revised down to a gain of 1.8% from last week’s reading of 2%. Non [...]
Terrific out of context quote that is very applicable to investors and traders:
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“Dozens of studies have shown that witnesses’ memories of events often change when they are supplied with new contextual information. Itiel Dror, a cognitive psychologist who has done extensive research on eyewitness and expert testimony in criminal investigations, [...]
“The Securities and Exchange Commission should be very interested in any financial company that secretly decides a financial product is a loser and then goes out and actively markets that product or very similar products to unsuspecting customers without disclosing its true opinion. This is fraud and should be prosecuted.”
-Laurence [...]
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Goldman Sachs’ secret bets.
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Source:
How Goldman secretly bet on the U.S. housing crash
Greg Gordon
McClatchy Newspapers, November 1, 2009
http://www.mcclatchydc.com/227/story/77791.html
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Last week, PBS “Frontline” produced a story that describes how Bob Rubin, Easy Al, Larry Summers and others prevented Brooksley Born of the CFTC from instituting controls on the OTC derivative market in the late nineties.
“I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, [...]
Chris Whalen, Barry Ritholtz, David Rosenberg, John Mauldin, Guest Author, Peter Boockvar, David Kotok, Edward Harrison, Tim Iacono, Ed Harrison, Michael Panzner, James Bianco, Invictus, Bill King, Prieur du Plessis, lakshman, Kent Thune, Jim Welsh, Marion Maneker, Rick Ambrose
