March 2008

A friend of mine on facebook, who friended me after seeing us on Happy Hour, recommended I break my post-1982 music ban to check out this Imogen Heap artist. She sent along this video from YouTube...color me impressed. Gonna download her albums off iTunes today and get to know the artist. Blogs are the new radio indeed, eh? ... read more

Rita: [Phil has described several people in the diner] What about me, Phil? Do you know me too? Phil: I know all about you. You like producing, but you hope for more than Channel 9 Pittsburgh. Rita: Well, everyone knows that! Phil: You like boats, but not the ocean. You go to a lake in the summer with your family up in the mountains. There's a long wooden dock and a boathouse with boards missing ... read more

This just hit my Fox Biz inbox, straight from the CEO of a firm that locates shares for traders to borrow to short: "Today we are seeing overwhelmingly high short sale volume and the last 2 weeks have proven to be the most active period for short sellers in years. Our data indicates that sentiment is very low, also the shorts seem to feel that the rate cut is going to be .50 basis points and ... read more

Luke: You know, I think that R2 unit we bought may have been stolen. Uncle Owen: What makes you think that? Luke: Well, I stumbled across a recording while I was cleaning him. He says that he belongs to someone named Obi-Wan Kenobi. I thought he might have meant old Ben. Do you know what he's talking about? Uncle Owen: Uh-uh. Luke: I wonder if he's related to Ben. Uncle Owen: That wizard is just a ... read more

I was gonna have the aforementioned former fund manager buddy of mine who's short the financials on the show tonight...but he's leaving the country tomorrow on business and just can't fit it in.  He'll be on in a couple weeks though when he gets back. The reason I bring this up is because since he canceled, my producers asked that I ask several other trader friends of mine to come on ... read more

Wait a darn minute here...I thought we were supposed to be down 1000 points today!   What's this green doing on my screen? Remember -- you wanted to sell the euphoria of late 2007.  The markets are down 20-25% since then and many of the brokerage stocks are down 70% plus since then.    Not all of the brokerages were as big as idiots as the guys at Bear Stearns (remember they started SHORTING ... read more

Turnin the pages in this old book Seems familiar, it might be worth a second look Wrapping up dope in a paper bag Talking to yourself taking a drag Who are ya' kidding is what you say What does it matter, you'll never hear it anyway, Gotta get past the negative things Lawyers and business, you get what you bring No one's sorry you did it yourself It's time to relax now and then give it ... read more

So today, the government lies to us again about inflationary pressures running rampant throughout our economy. Yup, seriously, they want you to believe that: The Labor Department reported Friday that consumer prices were unchanged last month. They also want you to believe that inflation's only been running at about 2 or 3% for the last few years. Let me explain a little how the government ... read more

Heard of bebo? It's huge in England and in some of its former colonies. One former British colony where it's not huge is in that little economy/society called the US. Here, MySpace.com rules. Remember when the folks I now work for stepped up and bought MySpace.com for about half a billion dollars. At the time everybody called it another bubble. That was before News Corp was guaranteed a ... read more

We ain't heard or seen the last of Carlyle-type blow ups. 32x leverage these idiots were using....why? Because the mortgage market is so safe in the US! LOL Idiots. Heck, we ain't even heard the last of repercussions of Carlyle's blow up itself. Look at that post below called Colluding Central Bankers Screw Joe Sixpack, and think it through. A bunch of institutions and family offices ... read more