Yes I used the word crap, and I do mean it. What gets me about this high frequency trading article and issue is that I feel it is sour grapes. Here is what I heard from the woodwork. It seems that high frequency trading has been something new. But in fact it has been around (more…)
In June I wrote a blog entry on how Microsoft has become a zombie corporation. Well earnings was released and as Pete Najarian said, “how is it that Wallstreet got it so wrong.” Well Pete if your network CNBC was not so busy bashing bloggers as know nothings maybe you might be able to glean (more…)
I see that the healthcare debate has taken a completely ugly turn in America and that is unfortunate. So what I want to do is separate fact from fiction in the health care argument and then talk about what I think works and does not work. What I will do is talk about the healthcare (more…)
I was listening to CNBC and its special on the porno industry and how illegal downloads are making it hard for porn. I just thought of that and laughed because recently in Switzerland they talked about the state of the porno industry. According to the article the problem with the porno industry is not theft, (more…)
Karen Finerman could not understand why Intel is doing well, and not Dell. Let me explain what is going on. I have a metric called the notebook popularity and it is based on the conferences I attend in the US and Europe. Whenever I am in a session room I always make a mental note (more…)
Ok, so I blogged that credit was stuck on stupid and how our bank is stuck in that mode. I think I was a bit hasty. Today our bank talked to us and they told us that our mortgage was pre-approved, but that it was not a mortgage. Not a mortgage, huh? What is that? (more…)
I read an article that said credit is stuck on stupid. This article talks about how willing buyers and sellers just can’t get deals done. It is hitting particularly close to home because we are just now buying a house in Quebec and let me tell you things are stuck on stupid. Let’s say that (more…)
Oh boo hoo, now we have two people saying that high frequency trading is a problem for the market (1,2). When JP Morgan discusses high frequency trading, people listen. When the head of JP Morgan’s algorithmic product desk Carl Carries says that high frequency trading is merely a form of parastic market making, people should (more…)
It’s amazing when Cerberus outbid Magna to buy Chrysler I said it was a doomed deal. And what happened? Fiat bought a stake in Chrysler for zip, nada, zero! Cerberus f***d up this deal. But hey private equity is dumb as wood sometimes and lo and behold they are about to make another move that (more…)
So I just got message that Bob Lutz is going to run the marketing and communications of GM! Wonderful the exact WRONG person for the job. Want to know the real Bob Lutz? The fundamental problem with this guy can best be summed as follows: Lutz talked about something that we will term the 95 (more…)
