Tag Archives: bac

Psst. Hey Meester want to see some dirty stocks?

Posted on Jan 07, 2012 by .

0

Is there something shameful about talking about bank stocks?  Or do you just get enraged when contemplating the obscenities of sub-prime loans, manipulation of minorities into unfavorable loan conditions, or robo signers?  Or do you just get high blood pressure contemplating what they did to the country and the economy?  Besides that we’re still personally mad at the sharpsters in Charlotte who outsmarted Bank of America executives and moved our bank to Hicksville.  (No offense meant to Charlotte.) (We moved our important accounts to Wells-Fargo the next day.)  Then they compounded the offense by buying Countrywide and then Merrill Lynch and who knows what else in an orgy of hubris and narcissism.  Excuse us while we take our high blood pressure pill –as we were saying, feelthy stocks?

Continue Reading

Making fun of….

Posted on Nov 27, 2011 by .

2

We were trying to decide who to make fun of today–thinking especially of Friedman and Laffer and other unenlightened economists.  Especially after reading Shiller in the Sunday Times  — who rightly warns of the corrosive effect of long term  unemployment and argues for government programs to address the problem.  Government?  Oh yes that was government that Grover Norcross just drowned in the bathtub.

Continue Reading

Marketwatch and BAC CNOC CTSH EVR MSFT MSPD OTT V ZLCS ZION ALME

Posted on Jan 05, 2011 by .

0

Curiosity killed the cat and it’s a wonder it hasn’t killed us.  Or maybe it’s a wonder Marketwatch hasn’t killed us.  There is certainly enough spurious information to choke a horse (a Percheron).  But occasionally we look at stocks in their articles (very suspiciously).  We just looked at this list which was published today, the product of 10 “experts”.  None of them are overtly bad.  We feel like MSFT is past its day as an investment vehicle.  MSPD is either just coming out of or is in a downtrend.

Continue Reading

BAC. Issues you love to hate…

Posted on Jan 04, 2011 by .

0

The WSJ, that repository of Murdoch’s bile had amusing articles last year by Scott Adams, the cartoonist of Dilbert fame.  He noted that one of the criteria he used for his investments was whether he hated the company or not.  He bought companies he hated.  BAC certainly fits that criterion.  If not hateable for itself than the inclusion of MLPFS would qualify it.  BAC just agreed to buy back several billion $ of toxic mortgages.  Their executives should be required to physically eat them (without condiments) — all of them.  Instead their executives will cry all the way to the bank with obscene pay packages, instead of being guillteined as they would be in any decent society.

Continue Reading

TLT, tilts again. This may be it.

Posted on Oct 15, 2010 by .

0

2010-10-15-tlt

Here is a clear signal to short the bonds.  We bought TBT (scaling in).  We also bought the VXX as a volatility play.  These are trades which could turn into trend investments.  At the very least they are reasonably low risk trades and hedge our long trades.

Continue Reading

 Page 1 of 3  1  2  3 »