Financial topics

[aedens]

Facebook was never more than a fad. Its myspace time is coming.

Many feel the time is ripe for the face plant. They will drain it slower than the other one listed above.
They will let the leak. I would not even put it on review forensic radar until spring 2013.

At the 91-day point after the IPO, insiders are able to sell 268 million shares of stock. Between 91 and 181 days after the
IPO, insiders can sell an additional 137 million shares. And then after 181 days following the IPO, another 1.2 billion shares are free to be sold.
137 million shares. And then after 181 days following the IPO, another 1.2 billion shares are free to be sold.
http://www.usatoday.com/money/perfi/col ... 55208546/1

Everybody here remembers 99, if not you will IMO

I hope you are feeling well. I am glad you were doing the speed limit.

[aedens]

And I realized something. The way I confronted my first substantial problem in office set the tone for my administration. I made clear from the first day that decades of fiscal irresponsibility were no longer going to be tolerated. As I said on the campaign trail, I was ready to go to Trenton and turn it upside down.

http://www.cato.org/pubs/policy_report/ ... 34n4-3.pdf Good luck Govenor.

This is fascinating stuff, but it’s not entirely new. In 2004, New Scientist compared ladder-climbing corporate employees to psychopaths for their shared characteristics of lacking empathy and compassion while thriving under stress. In 2005, Antoine Bechara, an associate professor of neurology at the University of Iowa, told the Wall Street Journal, “”It’s possible that people who are high-risk takers or good investors may have what you call a functional psychopathy.”

[aedens]

Kinda hate it when they are on. I think his balance is rather spot on.
painfully sifted bond selection is a given.
Our reds and blues have wasted more time then they will ever be worth.

[Higgenbotham]

http://www.youtube.com/watch?v=g-SApV8GCUo

a, on the chart you posted above. In a rational "random walk" free market that has wide participation, investors have indirectly factored the macro data results into their decisions before the releases. That goes hand in hand with your advice to "know the stock better than your wife". HFT and algos don't know anything or any stock, but exaggerate the effects of the herd news driven response. The movement of the market in response to "unexpected" data releases is a sign of ignorance and breakdown of the free markets. It is not, as Goldman implies, primarily because investors have switched from a micro focus to a macro focus, as if that is normal. It is because rationality has left the building. Past employment data in a news release will not affect the informed opinion of an investor who has expert knowledge of the particular investment. But the ignorance of the herd driven HFT and algos can run over all rationality and cause the rational investors to withdraw as the markets turn into manipulated casino markets.

What I'm saying could be wrong if the market is underpriced due to fear the macro backdrop could be a systemic risk.

[aedens]

That is why I have noted some Canadian assets and sparse commodity energy hedges here.
And painfully select bond's as Mark conveyed as equity thinking. I think he nailed it
point blank the market in the long run will remember these political savants to just what
they really are as another foot note in the dust bin of history of failure.
Any civilization "individuals" that cannot plan for generations down the road deserves what it gets.
I had a point blank conversation with a political analyst and he said fema is pointless since we have
the inner city's anyways. Cold but accurate.

[Higgenbotham]

Mr Gloom states good background to the discussion point and he is stone cold rational. As a stone cold rational investor he can justify dabbling a bit in relatively undervalued European stocks which are down near the 2009 lows as he states but you won't find the likes of him getting involved in the US equity market. If the interviewer had asked him the reasoning for buying the corporate bonds (he should have) the response probably would have been along the lines that we discussed a few months back when referencing the AAA corporate bonds vs governments and which should really have the lower interest rate. Also, if we think about what he said, the rational decision is for any corporation with a solid balance sheet and debt rating that has their cash parked in government securities or banks to eventually pay down their own debt. The fact that the governments and the Central Bankers have trashed their debt ratings worldwide and continue to trend in that direction gives solid corporations the impetus to pay down debt and not issue any new debt until the government bond bubble bursts and the banks are restructured. If so, the Central Bankers are using their own rope to hang themselves as there is no incentive to issue high quality corporate debt. It would have been nice to hear what Mr Gloom had to say about that to see if I'm right. It implies a shortage of good liquidity can eventually manifest no matter what.

[aedens]

As we trended here as many the BOJ would get its signal and this summarizes what some seen as we did also some time back.
http://www.minyanville.com/trading-and- ... 2/id/42794
TNT was good company left in the hands of morons. To get to point as the dollar as defined swells as Fisher defined it
comes with its own realities. Hmm, we do have a note on that in the forums here....
http://generationaldynamics.com/forum/s ... rds=fisher

http://fraser.stlouisfed.org/docs/meltzer/fisdeb33.pdf

Already had this in mind, but I have no problem on the CAD since it was deemed proper to populate with the spread then. I look at it H as a velocity equation as the wheel is not properly balanced. Finding the seam so to speak is akin to a wheel with a wrong weight so the wobble is noticed. Some time ago we noted the float parity chart and from that things went to hades from the proxy kinetic actions John notes so well and the underpinning of GD inertia. I think marc knows he is the loose nail unless he sandbags a few positions for the euro play since the BOJ decided as we remember then who and what was deemed the loose nail in there decent. He noted he was early so I respect his mettle but not the adjunct position I feel he was compelled to do. I wish him well since he seems to be a sincere soul. I have no problem leaving some "limited seed" for a base play. I still find the zone there a shadow zone of insincere intent. Not happy here also with the true intent of this climate here.

[Higgenbotham]

A theme that's come up multiple times in multiple places on this forum lately.

http://www.rollingstone.com/politics/bl ... y-20120711

If history is "one damned thing after another," the short history of 21st-Century America looks like one damned gigantic clusterfuck. First, and worst, national security and intelligence failures enabled the 9/11 terrorist attack, the largest mass murder on the continent in the nation's history. Then came Enron, a colossal fraud and the largest corporate bankruptcy ever. Next we had the pointless and devastating Iraq war, the biggest foreign policy disaster since Vietnam. At mid-decade, we watched a major American city, New Orleans, drown on national television, killing a thousand people. A few years later, the housing bubble popped, wiping out trillions of dollars of wealth and precipitating the largest financial crisis in 70 years and the worst economic recession since the Great Depression. Unbelievably, very few people have been held to account for this catalogue of scandal and disaster – not in Washington, not on Wall Street, not, for the most part, in America's corporate boardrooms.

All of which – and more – has left a banged-up and bewildered American people down on the nation's bedrock institutions, sour on the future, and asking: What the hell happened!?

In an excellent new book, Twilight of the Elites, journalist Chris Hayes argues that what happened is this: Our ruling class failed us. Behind the seemingly haphazard pile-up of recent calamities he sees a pattern: In each case, a cadre of Very Important People succumbed to some combination of blinkered groupthink, deception, self-dealing, fraud, smugness, and self-delusion. And in virtually every case, they escaped accountability. Or, as Hayes puts it: "All the smart people fucked up, and no one seems willing to take responsibility."

[Higgenbotham]

I think marc knows he is the loose nail unless he sandbags a few positions for the euro play since the BOJ decided as we remember then who and what was deemed the loose nail in there decent. He noted he was early so I respect his mettle but not the adjunct position I feel he was compelled to do. I wish him well since he seems to be a sincere soul.

I think Marc has for the first time articulated publicly that all are now subject to the forces of the market, all will lose, nothing can stop that, and those who lose the least will do best, which is all one can realistically hope for. If you buy this you will lose, if you buy that you probably lose more, and if you put all your eggs in one basket you may lose it all.

Before that, I've heard him say they will print money and the stock market will stay over some number (like S&P 1000 or the 2009 lows).

[aedens]

Way back in the forums Chris was noted and commented on about the Blue Dogs. I think his wife was
a Obama insider if I remember correctly. Matt 7:15 cover what I have seen. We will see how many
more the Red and Blues consume. They wanted to keep chronic cases from emergency rooms and
we know the rest on the extremes in there bent of mind. We shall see very soon.

April 2009
Earnings will match reality quicker then they want to in Washington. When they pick winners and losers the taxpayer never wins as you see again. Although the Obama administration's blueprint euphemistically refers to this money as 'climate revenue,' in reality it is an energy tax that would force consumers to pay higher energy prices," Lieberman writes in a paper co-authored with research assistant Nicolas Loris. "The plan may be intended to reduce greenhouse gases, but actually it would kill jobs and devastate the economy." I will not fight the tape "will not have to"and GD covers this area reasonably well.

This will push more capital out as they fight for scapes sooner than later. The trajectory has been constant we note.
You are correct H and they both contend leadership as tyrants.