How can they say this with a straight face?

Anyone that knows me knows that I am no fan of the Obama administration. I think they reached a new low today. Watching the video of Gibbs saying that they won the Iraq War is absolutely incredible to anyone who …






Figure of the Day 101K

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1287086 Check out this video. Well worth the watch. Goldman strikes again. It would be really nice if someone would back me up on 80-95% of my trades. Bet I would trade a lot better. Oh, and if I screwed …






Trading terms(slang)

I went to one of my alma mater’s today and spoke with undergraduate Finance students. First, let me say this. They are so far ahead of where I was at the same stage it’s not even funny. I am amazed …






Stimulus

The rumor is that the House and Senate will pass another stimulus bill. It is 80 Billion dollars in stimulus. The knee jerk reaction by Republicans is this is a bad bill. Of course, the Democrats will say that they …






Figure of the Day 5 Billion, and it's not the government

This isn’t news. But it still amazes me. Bookies clean up on every Super Bowl. All the “smart” money I knew bet the Colts. Some took the under, but I bet most took the over. The party after the game …






Leaf Lard

A few weeks ago, I went to a hog butchering demonstration at Mado. It is in Bucktown, Chicago. They are on the locovore bandwagon. I am not big on that, but the food they turn out is really good and …






Great article

http://news.medill.northwestern.edu/chicago/news.aspx?id=155844 I am quoted along with thestreetwiseprofessor.com. ELX is a parasite exchange that exists solely to steal liquidity and rip off its own customers. The owners of ELX seek to take futures trading underground and into the back office like …






Figure of the Day

Unemployment was down to 9.7%. U-6 was down to 16.5%. The black sheep says that lots of people just quit looking for a job. The half full guy says it’s getting better. Market was down, but rallied late. It is …






Marry a genius-

Sometimes you get lucky. Benjamin Franklin offered lots of advice on marrying. I never followed it. Sometimes you get lucky. I married a smart wife. However, talking about politics with my wife tonight, she offered a brilliant analysis of the …






Unemployment

Tomorrow the unemployment numbers are released from the US Dept of Labor. In the good old days of open outcry pit trading this was the biggest day of the month. It still sort of is if something out of the …






Figure of the Day

Mark Kirk released an internal poll today. It’s probably an outlier, with a long way to go to November, but very encouraging.






Illinois Senate Race

This race is not a Tea Party race. It pits an entrenched machine candidate, Alexi Gianoullis (Democrat) against an experienced Republican Congressman, Mark Kirk. Kirk does have very similar views to newly minted Massachusetts Senator, Scott Brown. He is a …






Illinois Governor Race

Well, the vote is close. Not yet settled. The results are very interesting on the Republican side. On the Democratic side, a dead heat as well. Realistically, I don’t see a huge difference between Pat Quinn and Dan Hynes. The …






Spus, or S+P and investing for the long haul

Market was up today. It looked like it needed a technical rally. The market these days is not trading off news, but just technical points. The consumer income figures were interesting today. Spending is up slightly. However, if I look …






Figure of the Day

Illinois budget deficit.  IllinoisIsBroke.com Unfunded pension liabilities, poor fiscal management.  The Dems are in control, and have some complicit Republicans.  Time for a change.  I am supporting AdamforIllinois.com for governor.






Budget Deficits

It is political primary season in Illinois.   Our primary is February 2.  We will see if tea party candidates have any traction here.  It has been pretty ugly on both sides of the aisle, no matter which party you …