Figure of the Day-367 DOW

Well, well, well, if you sold the market in the flash crash at the low you are starting to look good. Took a lot of heat, but you might have them by the balls now. The pros on the street …

Oh Christmas Tree, Oh Christmas Tree or Here Comes the Lard

As the Financial Regulation bill works its way through the Senate, it picks up fat. Politicians love to spend money. I thought this bill was to re-regulate financial firms. Instead, some Senators are putting pet projects unrelated to financial reform …

Sauerkraut Regulation

The Germans today unveiled a new strategy to combat what they feel is incorrect structure in the market place.  It’s a bureaucrats’ answer.  Bureaucrats don’t trust markets.  They think that they can manipulate them.  For proof, there is a litany …

Blumenthal a Schmuck

http://www.youtube.com/watch?v=eEl0wMmyZ2Q&feature=player_embedded Democratic Connecticut Senate candidate Richard Blumenthal lied about his service in Vietnam. He is going to press forward with his campaign. I wonder why?  How can voters trust anything he says when he lies about his service?  He ought …

ELX to Offer Low Fees-they are a leech.

Read this blurb on Reuters.   Amazing how they parrot whatever is given to them without any critical thinking. Looking at the exchange space requires some really deep understanding of regulation, and a lot of critical thinking. All is not …

The Dodd Bill is a Conestoga Wagon

A lot of people are finding comfort in the fact that big companies seem to be doing better.  Their balance sheets are accumulating cash, and they seem to be on good footing. There are several reasons for this.  First, the …

Euro Falling-UPDATED

The Euro set fresh lows against the dollar overnight.  At some point, the ECB and Eurozone governments will punish the speculators.  They think they can dictate to markets.  Merkel lost a lot of political footing in this crisis.  Axel Weber …

Immigration Story

Too often, fights about immigration in the US get ground into soundbites.  “We are all immigrants.”  “All Hispanics are illegal.”  “Fence the borders”  “On the Statue of Liberty, it says give us your tired, your poor, your hungry.” Well, I …

Nothing Going On This Weekend

Working on an ebook.  So, decided to post this video of the A-10 Thunderbolt.  The US  Air Force has a great slogan, “When it absolutely positively has to be blown up overnight.”!  A-10 is lethal.  Many are flying in the …

CME Says There Was A Big Seller-updated

The Chicago Mercantile Exchange said Waddell and Reed was a big seller of emini futures on May 6. FYI, if they held them, they aren’t even on the trade yet. CME spokesperson Allan Schoenberg said that there is no evidence …

Danger Will Robinson, Danger

Today’s early stock market action could be a prelude of things to come. Virtually every pro I know is thinking the same thing. The European bailout while noble just suspends the inevitable. The Euro experiment is over. How long before …

10 Steps to Wall Street Reform

The Dodd bill is one of the worst financial bills that has ever been presented to Congress. Cliff Asness in the Wall Street calls it the step to “create the largest and most powerful crony system in the world.”. You …

Listen to this Video Until the End-I Guess it is "Why We Fight."

This is extremely scary. I would expect more local homegrown terrorism from radicalized American citizens. We have had a murder spree at a military base, a couple of failed bomb attempts(only one by an naturalized American). Listen to the hate …

Dumbest Solution to the Flash Crash

Professor Larry Harris of the USC Marshall School of Business penned an article for the Wall Street Journal. It may be the dumbest article I have ever read in the Journal. That is saying something, since Thomas Frank writes there …

Hearing Before the Financial Services Committee 5-11-2010

Today they had a hearing on the Flash Crash from May 6. Very interesting the statements, and the positioning of all the players. First, the politicians got to make statements. Some clearly don’t understand what the heck is going on. …