AIG and the whole bailout is a clusterfuck of epic proportions and is now pure comedy gold. You don’t need to watch CNBC or C-Span – The FLY has a clean wrap up of the whole shebang . This yutz and asshat Gibbs is already beyond hateable (I would prefer Andy Gibb of the Bee …
From: March 2009
Hug a Pilot and Smack a Banker
I flew on a new US AIR A310 or something yesterday. It was new. I was in shock really. My barf bag was completely crisp and fresh. The planes were pretty much on time, and my bags arrived. I was reading yesterday that AIG has approved $163 million in bonuses. I mean that seems fair …
Stocktwits passes 21,000 Subscribers…What's Next?
A fantastic vacation comes to an end tomorrow and I am really rested, refreshed and even tanned. So much has been going on at Stocktwits and the markets that it really is impossible to get away completely, but my hours are always screwy so I can keep up at weird hours. This week Stocktwits passed …
Infrastructure Quicksand…Start Asking THE RIGHT Question!
This morning I went on a very small buying spree but have remorse just a few hours later. It seems ridiculous, but small losses quickly become giant ones in this market. There have not been two up days in a row since early FEBRUARY. There could be no death worse than ‘Death by a Thousand …
Beach Moves
Twitter is down for me so I thought I should update on some trades I put on this morning into the massive negativity. I bought some Japan EWJ at 26 year lows and some Nintendo. I bought more Netflix to add to my favorite Amazon position. They are the one two punch that works in …
An Open Apology to The Airlines
I interrupt this vacation for an important public service announcement. I have been brutal on airlines and their management over the years on this blog. I have shorted US Air/America West to great profits as well. I now feel guilty. The airlines are fantastic (not so fantastic as to get long). The airlines are GODS …
Morgan Freeman on 'The Wallstrip Edge'
I am off for a week to the Bahama’s and really promise to be offline for a week. Before I go, I leave you with a funny phone call I took with Morgan Freeman: Read my book while I am gone and don’t go broke.
All I Need is a Gun and a Working ATM Card…Is That Too Much to Ask?
I have been moving money around full time lately. Bank to bank, account to account, carefully keeping $250,000 or less in various accounts at my hedge fund. I feel lucky to have that problem. I just opened up a bunch of accounts for my companies at Wells Fargo. They have chased my business for months. …
Jon Stewart Skewers CNBC…More to Come for SURE!
When we started Wallstrip, it was my vision that a Jon Stewart of Finance had to be done. Makes sense I guess that Jon Stewart has finally started down that path. I wish I could be a big part of it, but am so happy that Jon sees the lack of responsibility that GE and …
Chill Pill…Deep Breath…Serenity Now…FIRE!
The cynicism is at a fever pitch. Sure there is good reason, but wooowwwwoooow! I am guilty myself and when I get this way, I know I am missing opportunity. I am putting a check on that now with the Dow below 7,000 and Jim Rogers telling me to start a farm. Jim…I am a …