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.
good morning Bman !!!!!!!!!!!!!!!!!!
ReplyDeletehad 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
Bman do you like Naan ?? have you ever had real hot indian bread right out of a real oven ???
ReplyDeleteBman 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
ReplyDeletei 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
ReplyDeletewell well well
ReplyDeleteSEC case against goldman collapsing.............what a joke
die SEC die
ReplyDeletehey frosty........do you people consider greg louganis a national hero ???
ReplyDeletepalak-keema may also be known as keema-palak or sagh-keema
ReplyDeletekeema = beef
palak/sagh = spinach
ohhhhhh..that sound good
ReplyDeletehttp://espn.go.com/mlb/standings
ReplyDeleteHow 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
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...
ReplyDeleteI'll look for palak-keema, I don't think I'e had it.
ReplyDeleteI'm not sure if I've had Naan or not. I might have had it at a fine Indian restaurant in London.
I think some of Goldman's clients don't realize how much vig Goldman is skimming off.
ReplyDeleteSome 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"
Bud what is the name of your "friend"?
ReplyDeleteserenity now !! serenity now !!!!!!!
ReplyDeleteman i really 'misprize' ace
ReplyDeleteokay okay I'll call off the dogs...
ReplyDeleteI'll have to look for new challenges...getting Bud and Bunky to swing at such bad pitches is no longer rewarding...
yes its become a bore..perhaps we can post like we were talkin in person....more real..less bs..lool
ReplyDeleteBman are you against cds as 'reference obligations' ?
ReplyDeleteI 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.
ReplyDeleteThe 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.
Bud in your heart do you really believe GS is an honest corporation?
ReplyDeleteBud, 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.
ReplyDeleteBman you remind me of Lou Mannheim..........here's what he thought
ReplyDeleteStick 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.
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??
ReplyDelete