Wednesday, April 21, 2010

Another Blank Wednesday

I suppose I should not be surprised that nothing is happening. It's Wednesday, after all. Nothing in the news sparks my brain to spew forth some paragraphs of articulate opinion. And I have no pre-prepared post. Sighhhh.

AAPL had good earnings. That's a long term winner in the Sky Fund that has more to go for awhile, but be aware that it often sells off after earnings.

The moral decrepitude of Wall Street is getting sickening, as I hear so many persons there defending Goldman's practices.

Word of the Day

"Misprize" - verb, transitive [$10] literary
Misprize means to despise, score, fail to appreciate.
Sentence: (A) [Shakespeare, As You Like It, Act I, scene II] "Your reputation shall not be misprized." (B) No one but a Financial Viking or one of their symbiotic parasites (or a wannabe) could not mizprize the amorality of proprietary activities of Wall Street. They don't work for customers, they work against them.

24 comments:

Bud said...

good morning Bman !!!!!!!!!!!!!!!!!!


had some palak-keema that my friend brought over last nite...............(remember i don't cook monday-thursday).........it's spinach and ground beef..............delicous...........try that from tasty if they have it Bman

Bud said...

Bman do you like Naan ?? have you ever had real hot indian bread right out of a real oven ???

Bud said...

Bman does goldman make money for it's clients ??? and if they don't..............and constantly screw them.............why are they still clients ??? they would close their accounts and leave...........explain that to me

Bud said...

i personally know 2 acqauntances/traders that have small retail accounts at goldman ( small by goldman standards ).................these guys are nuthin special.............just ordianry joe's to goldman............and they are quite satisfied doin business with goldman

Bud said...

well well well


SEC case against goldman collapsing.............what a joke

Bud said...

die SEC die

Bud said...

hey frosty........do you people consider greg louganis a national hero ???

Bud said...

palak-keema may also be known as keema-palak or sagh-keema


keema = beef


palak/sagh = spinach

Spin-em said...

ohhhhhh..that sound good

Spin-em said...

http://espn.go.com/mlb/standings

How is Pittsburgh above 500..checkout the runs scored to runs allowed ratio

I like the RS/RA stat..if you bet games..its a must.... SF best staff Cardinals a surprise...Mets not hitting but the pitching is there

mfl59 said...

Yes GS is filled with a bunch of stand up guys...I dont really see what the problem is...they care only about the client...if they happen to get rich so be it...

Bunkerman said...

I'll look for palak-keema, I don't think I'e had it.

I'm not sure if I've had Naan or not. I might have had it at a fine Indian restaurant in London.

Bunkerman said...

I think some of Goldman's clients don't realize how much vig Goldman is skimming off.

Some don't care since they are managing OPM.

And a problmen is that much/all of the rest of the Street is skimming, too.

Perhaps that's part of the reason direct access and fourth markets by-passing the Street are growing.

The track record of rotten money manager performance gives no comfor they are "making money"

mfl59 said...

Bud what is the name of your "friend"?

Bud said...

serenity now !! serenity now !!!!!!!

Bud said...

man i really 'misprize' ace

mfl59 said...

okay okay I'll call off the dogs...

I'll have to look for new challenges...getting Bud and Bunky to swing at such bad pitches is no longer rewarding...

Spin-em said...

yes its become a bore..perhaps we can post like we were talkin in person....more real..less bs..lool

Bud said...

Bman are you against cds as 'reference obligations' ?

Bunkerman said...

I am against ALL credit default swaps. There is NO natural writer of those, hence no natural hedge market for the short side. They are simply speculation tools.

The asymmetry of risk reward is way too much. I don't understand why all banks is not forbidden to write them. Or an insurance company.

The Panic of 2008 exposed them as the scams they are.

mfl59 said...

Bud in your heart do you really believe GS is an honest corporation?

Bunkerman said...

Bud, from a simple point of view, how can a firm make money doing proprietrary trading "with" its own clients and make gobs of money, yet claim to treat them fairly ? Fair & honest would be gonig back to the old commission business - simple fee for service. Instead GS tries to rip them off every trade.

Bud said...

Bman you remind me of Lou Mannheim..........here's what he thought



Stick to the fundamentals. That's how IBM and Hilton were built. Good things, sometimes, take time.


also

Jesus you can't make a buck in this market, the country's goin' to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard.

Spin-em said...

Nixon would have been sloppy with the emails Haldeman ,Erlichman, Liddy Mitchell...we can uhhh get the money..if we need uhh the money...how much money do we need??