Economy

I mean, come on, already with this endless reverse Robin Hood movement that we're all being subjected to because rich landowners speculated too much, funds-of-funds took ridiculously levered up institutional money, levered it up even further and gave it to hedge funds who borrowed more on top of that and used options to get even more exposure to the good times. As I wrote here on these pages a ... read more

On Happy Hour last Friday, Gogo and I were discussing lately how we're getting to the "fall guy" part of this downturned economic cycle giving the world someone to blame. NYTimes' report today that New York Governor Elliot Spitzer has some sort of involvement with a prostitution ring doesn't seem to have much to do with the markets ... read more

Rather than having these politicians grill their former cronies to give Wall Street something to do besides writhe in liquidity-less pain, wouldn't it be great if we could get some citizens up there who have the right to throw stones? Like the foreman mob dude overseeing the remodeling of a luxury apartment building next to mine.  Well, maybe he's not quite got the same stone throwing ... read more

I've been a fan of Whoopi since my old friend Neil got his first break in Clara's Heart after being discovered at an acting camp in Las Cruces. But I've never seen more than maybe 30 seconds at a time of The View. With Whoopi booked for the show tonight, I'm watching this show for the first time. Strange job, I have, in that I never would have pictured growing up in Ruidoso or playing hoops ... read more

I'm getting increasingly bullish about the near term. I'd be a buyer of weakness. I mentioned on the show I'll be having my mom on again and we'll be putting more of the money we took out in late 2007 back into the market...into tech. So many headlines this week about stagflation. Look at this Google trend for searches for "stagflation", for example too. And the headline on TheStreet.com ... read more

I am getting calls from friends, family and traders from all works of life…PANICKING about the markets this morning.  The most conservative, cool, investor I know just called me saying “I’m actually sorta scared right now.” On Oct 29, the day the markets all topped, we looked into the camera and told everyone that “After being aggressively long and bullish for the last five years of ... read more