Tuesday, April 27, 2010
Saturday, April 24, 2010
Friday, April 23, 2010
CNBC IS financial "Wrestle-Mania."
Obama says he first found out about the SEC case on CNBC. Scarey!
Thursday, April 22, 2010
Wednesday, April 21, 2010
Derivatives
1. Is an instrument where price depends upon another product. -
2. Must have a counter-party.
3. Allow business to plan around costs and revenues.
4. Can create more or less volatility.
5. Problems have been created because of leverage, creating financial weapons of mass destruction.but tail can wag the dog.
6. Transparency and complexity
7. There is a lot of hostility against Wall Street and deservedly so. But we want to make sure that the new regulations actually do something today and not shut down legitimate ways to mitigate risk.
2. Must have a counter-party.
3. Allow business to plan around costs and revenues.
4. Can create more or less volatility.
5. Problems have been created because of leverage, creating financial weapons of mass destruction.but tail can wag the dog.
6. Transparency and complexity
7. There is a lot of hostility against Wall Street and deservedly so. But we want to make sure that the new regulations actually do something today and not shut down legitimate ways to mitigate risk.
Finra
Regulators decide specifically what is going to be said and specifically what securities will be bought and sold. Do they have to be licensed?
Saturday, April 17, 2010
Friday, April 16, 2010
10 Billion at Goldman
The SEC's fraud complaint just cost $GS investors $10 billion. If the SEC is proven wrong, will $GS investors sue SEC?
Wednesday, April 14, 2010
Wednesday, April 7, 2010
Oil breakout - from Dorsey Wright
We wanted to bring your attention to the notable breakout that was recently attained on the chart of Crude Oil Continuous . Just last week Crude Oil managed to penetrate a significant area of resistance with the move to $84, a spread quadruple top breakout. Crude has recently moved through its January peak, hitting its highest levels since October 2008. Additionally, this action now generates an incomplete bullish price objective of $101 per barrel. The breakout in Crude Oil has also triggered a number of breakouts in the Crude Oil related commodity ETFs as the PowerShares DB Oil Fund and the United State Oil Fund both produced similar “big base breakouts” and both have just moved to new highs.
Tuesday, April 6, 2010
Sunday, April 4, 2010
Meet the Same Old Press
The mainstream news media are not doing well because the same people with the same ideas show up all the time. When Sunday morning comes the news is old, the analysis is stale and there is no need to watch again. The networks need to find something fresh and new because there's no point in watching the same ideas and the same people over and over again.
-- Post From My iPhone
Things you can do to avoid investment fraud
It's not always possible to protect yourself from market fluctuations, but unless you panicked and sold securities at the bottom a year ago you’ve made up much of the decline in value of your investments. But when fraud is involved money doesn’t come back so it’s important to find ways to protect your nest-egg.
1. Where is your money held? Madoff held funds in his own company. Best if there’s an independent broker who does transactions and sends statements and the advisor makes investment decisions but does not actually handle money. Madoff’s statements and trade confirmations were phony.
2. Should have independent audit of broker.
3. Private-placement securities are stocks, bonds or other instruments issued by a corporation to investors outside the public markets. They tend to be riskier than traditional securities in part because the companies usually don't have to register the deals with the Securities and Exchange Commission. This is what Vaughan allegedly was doing. Check things out with an independent advisor.
4. Trust your advisor but verify. Start by contacting your state securities regulator to see if the issuer, brokerage or person selling the security is licensed to do business there or has a record of problems. Investors also can get more information about the disciplinary record of any Finra-registered broker or brokerage firm by using Finra's website.
5. If you don't understand it don't do it – a Buffett rule
6. Don’t invest everything in a risky private deal. Only what you can afford to lose.
Saturday, April 3, 2010
He's got some splainin' to do!
Man Told Wife He Was Using The Restroom,
Never Came Back
A man whose disappearance launched a three-agency search turned up at a New Mexico casino and had been gambling at various casinos around the state the entire week, police said.
Evans Eugene Bolton, 63, disappeared on Monday after telling his wife he was going to use a restroom at the Sky City Casino in Acoma Pueblo and never returned. Police found him Friday night and learned he'd been traveling to numerous New Mexico casinos the entire time, State Police spokesman Lt. Eric Garcia said.
Bolton's wife, who left the area Friday, told police she became aware he was alive and well after checking bank statements that showed he had taken out large amounts of money, Garcia said. Bolton is believed to be a gambling addict and left on his own accord, police said.
His disappearance launched a massive search that included Acoma Police, State Police and the Federal Investigations Bureau. But on Friday, after reviewing several surveillance videos and interviewing numerous witnesses, authorities determined Bolton was both in good health and not missing. Garcia said Bolton was still gambling at Sky City Casino on Saturday.
Meanwhile, his wife is making her way back to Pennsylvania. She never thought he had a gambling problem and believes he suffered from memory loss that rendered him unable to find his way back. "I think maybe he needs to see a doctor and have a good checkup and find out what's going on," Linda Bolton said.
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