Too much energy is spent and too many accolades are given to those that are ‘right’. Lot’s of people were right calling for a nasty recession. Most of them are still broke or down 40 percent. You can’t say you were ‘right’ if you called for a tsunami and than it smacked you and your …
From: November 2008
Teaching 'Social Leverage' Skills, Not 'Financial Leverage' Tricks!
This tape is so hard that $0 price targets are now being set. Some yutz analyst who had a ‘HOLD’ on GM all the way from $33 to $3 got some religion and will now be famous on CNBC for catching the last three points. In fact, the last $3 points will not happen because …
Just a Thought…And a Positive One
Last night over dinner, discussion turned with my partners in Private Equity to just buying beaten down undervalued stocks. This is not a bullish or a timing call, but why run around fixing companies when others will and you can ride along. There are some insane names that I wont list today that we built …
Yuck!
So China is moving money around from a fixed pool. Obviously, we could care less based on today’s action. My one big position (short China – FXP) is heavily underwater after todand and Friday, and with the other market bleeding today was just not pretty for me. Here are my videos from today’s TechTicker: The …
What if Goldman Sachs Blows Up? Could Google? Why can't Apple Run? and LINKS….
Goldman has pretty much blown up as it’s price is now within 10 percent of it’s IPO price. The brain drain facing Goldman will be in full effect next year. In the Private Equity market, Blackstone (BX), which went public THIS summer is already trading more than 50 percent below it’s IPO price and 75 …
Why I love Filtrbox
If you don’t know about Filtrbox already, you should. In simple terms its like google alerts on steroids, but really its more than that. I was introduced to the company by my friend Brad Feld, and was really impressed with the service and figured “if you can’t beat ’em, join ’em”. So I made an …
The Gripp – The Good Old Days
Screw the market as I have said lately, it’s a casino. I yearn for the good old days of the early 1990’s. No freaking internet. No email. No cell phones. We sold balls baby. Big ones, soft ones, firm ones, squishy ones. The biggest internet concern of the days, was that our domain www.thegripp.com was …
Things That I Can't Friggin Believe!
My friend Upside Trader (it’s awesome to have friends that you can trust that you have no idea what their real name is) has a great post up on life today – mostly financial – on ‘Things HE Can’t Friggin Believe ‘. Some of my faves: That LEH, BSC, AIG, WB, FNM , FRE don’t …
Casino Time!
I hate Vegas and 99 percent of you should be hating and staying away from this market. You are missing nothing. I am trading with some moderate success, but most traders are just losing money. I continue to buy vicious dislocations and sell major rallies. It is working, but it is work. I know there …
'Howard THE Twitterer' says Stick a Fork in 'Joe THE Plumber'
The media knows little. The media stocks tell ALL. They say FAIL. No one has EVER trusted a f@#$king ‘PLUMBER’. We never trusted TV repairmen, auto mechanics and now Microsoft Vista. If the campaign had lasted one more month, we likey would have had ‘Tom THE TV Guy’, ‘Casey The Car Guy’ and ‘Vista Vic’. …