In the you have got to be kidding me on market manipulation department. The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified "whistleblower" at the IEA. A “whistleblower” at the IEA who cannot be identified… The (more…)
The American Military is making fun of a bomb diving rod. Despite major bombings that have rattled the nation, and fears of rising violence as American troops withdraw, Iraq’s security forces have been relying on a device to detect bombs and weapons that the United States military and technical experts say is useless. The small (more…)
For those that follow my blog, and if you had read my July 15, 2009 blog entry you would have read: You see I have this thinking that GM management still does not get it. If you looked at the framework of the deal GM America still held a huge chunk of Opel and could (more…)
Disclosure: Was long BNI, as I sold my position on todays news. So Buffett does a mega deal today with Burlington Northern today. And then Buffett goes on and says how he is making a bet on the American economy. I guess it is sort of like that sound bite that Buffett did last year (more…)
Today’s action on good numbers shows me that the bears who have been emboldened are trying to push down the market. The VIX went up again, and the actors are saying that they are waiting for the market to get lower to buy more stock. Well, maybe they will maybe they wont. I personally believe (more…)
I watched Cramer on Friday and I listened to his talk, “One Year Later”, and I have to completely agree with him. But yet we have gone up and down, and on CBC comments like the following are written. There is no recovery. the crash is imminent. stock up on supplies and food. the end (more…)
I have had a very rough time with GPS navigation devices. When TomTom dropped by 28% even though they had good earnings I wondered what happened. I checked in my email box and saw the problem was that Google is giving away its GPS turn by turn application. Really? Interesting especially considering that Google has (more…)
I had an interesting conversation with a good friend yesterday. He said the following to me: “You know Christian how they cut people off at the legs last year with no warning, well we are so busy right now we don’t know what to do with all the work.” He then continued and tried to (more…)
Today and yesterday on CNBC I keep hearing about how managed healthcare and price controls on drugs are going to spell the end of research today. It is a very very tiring argument. My sister about fifteen years ago dated a PHD student that was a cancer researcher and he told me an interesting thing. (more…)
Disclosure: I am long Intel, sold my position in AMD for a profit about a week ago Fast Money was saying, “oh look at that high volume on Intel and look it failed.” According to them this is bad news. I hate when people make these calls based on what they “think”. I will admit (more…)
