I have become completely skeptical of analysts. I am even at the point thinking, what their motives are. Here is an interesting example:
An immature chipset solution from Infineon Technologies AG may be at the root of reported connection problems with Apple, Inc.’s 3G iPhone, Nomura analyst Richard Windsor said in a note to clients Tuesday. He said some iPhone users are having trouble getting a 3G connection and hanging on to it.
So I was reading the losses, writedowns and what have you at UBS. Yes yes it is all doom, gloom and boom… However, something did catch my eye. Last week, it agreed to buy back almost $19 billion of bonds after New York State and others sued it for steering clients towards auction-rate securities — (more…)
Candidate #1: Ralph Nader… Or candidate #2: John McCain Who do you think is older? McCain? Nader? Answer… Nader! Ralph Nader is 2 years older than McCain. Frankly I was surprised by this one as I thought McCain was the oldest of the group. I thought Nader was maybe 60, but he is 74 (more…)
I think yesterday the deal with Citigroup, and now the acceptance of such a deal by Merrill Lynch will be the corner that turns the market. The deal means that small investors will get their principle back at face value. Larger investors do not get to benefit from the deal. I feel the reason why this deal is important is that the small investor can feel good about themselves again.
Congratulations SEC… The SEC reached a tentative deal where Citigroup is held completely liable for the mismarketing of Auction Rate Securities. This means Citigroup is giving up any ability to debate their penalty or costs. In specific Citigroup will neither admit nor deny breaking any security laws. Citigroup is going to have to pay monies (more…)
One year into the credit crisis, and one year after Cramer’s rant. I decided to take a look at what I was thinking in August of 2007?
Wow, to watch Fast Money one last time I decided to flip to CNBC, and what happened? Whitney talked with Maria… Wow, my two favourite ladies (NOT!) I am SO GLAD I watched Bloomberg… Objective information and not drivel…
So Maria asked her, “what do you think of these shorting rules?”
Her reply, “You need the ability to short and to keep the market efficient. Naked shorting is another thing.”
I am tired of Cramer… I am tired of Fast Money… I am tired of the drivel called CNBC America… CNBC America you just converted me to Bloomberg TV. CNBC Europe I still like for the most part. CNBC America has jumped the shark.
I decided to take a look at my S&P prediction that I made in February.
When I hear people talking about the SEC and shorting (mainly on CNBC America) I see how people are mixing apples with oranges. The SEC has instituted the rule that to be able to short you need to have the shares ahead of time. The problem is that many think the SEC rule is against shorting, when in fact it is for shorting, but it is keeping the shorting playing field level.
