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Are we in an "everything bubble"?  That is, are the recent huge rallies in gold, stocks, and most other asset classes in the world mostly mostly attributable to the type of blow-off top action you get when bubbles start to pop? I don’t know how many bubbles we’re living in right now, or even if we’ve even entered truly bubblicious territory or if we’re just on the way to bubble ... read more

I get asked constantly for my take on tech stocks, and it always surprises me that people ask me about Motorola as much as they ask me about Apple or Google. I got asked again yesterday by a fan who stopped by the Waldorf to watch Happy Hour in person what my latest take on Motorola is. You might recall that I wrote about Motorola, one of my few bullish pieces this year, a few months ago when ... read more

I’ve been digging deep into Ford’s latest quarter and trying to understand why everybody’s so bullish on this company.  Let’s start simple – Ford’s market cap is $24 billion, as the market values its common stock at about that much.  Meanwhile, (gulp), the company’s sitting on $103 billion in debt.  I’m pretty sure that’s how much cash and debt they have, but I’m not sure ... read more

Six very real reasons to be outraged about CIT (and Goldman and the Govt) and its role in the bailouts: Goldman lent CIT money and is guaranteed $1 billion payout from the bankruptcy and the Treasury/Fed never bothered to make sure the taxpayer became senior to Goldman even though we bailed them out with more money when they were even more desperate and could have dictated any terms we ... read more

For many years off and on, I used to short Yahoo. I ran a hedge fund before I took this job as a TV dude. We were a tech-centric, long-short equity hedge fund which means that I mostly traded tech stocks and bought and sold options on tech stocks. And for years, I used to pair my long Google positions, which I bought the day it came public and owned until I closed the fund, with a short Yahoo ... read more

So I'm sitting here at my desk and I'm actually reading a big part of these 1990 pages of new laws that the Republican/Democrat Regime in power are trying to pass in the name of "health care reform". I got very scared about this part of the bill I stumbled onto when I got to page 1391 (and no, I haven't read every single page...but I am reading a lot of it). On that page, the bill starts to ... read more

Let me get this straight: GMAC, which was owned by private equity gambling firm Cerberus (which is run by former Goldman dudes and even Dan Quayle), used to be the lending and banking and gambling arm of GM. The company was founded in 1919 to help finance cars for buyers of the GM brand. Over the years, the guys at GMAC got ever greedier and by the time the idiots at Cerberus gambled some $7 ... read more

Here are some highlights from my week's worth of tweeting: Robert Shiller: “Economics has been too isolated and too stuck on the view that markets are efficient and self-regulating.” HE'S FULL OF IT ON THAT ONE. The bailouts stopped the self-regulation part of free economy. And rule of law isn't self-regulation anyway. http://bit.ly/N6Ymt No $ for HC reform, but $ for corp tax ... read more

I pointed out on Happy Hour last night that the $140BB Wall Street’s going to be paying out in bonuses this year would buy 29 million Americans full health insurance. See it here from my shot clock, as I dressed up like JP Morgan and danced with a top hat and cane like the big bankers such Jamie Dimon at my namesake’s bank. Bankers are partying like it’s 1999 out of sheer happiness from all ... read more

The health care system,as is, is busted. Everybody knows that. It's unfair, it's corrupt, it's expensive, it's intimidating, it's exclusionary...we all know that change is necessary. But not the change that the Republican/Democrat Regime in power is trying to force upon us. You hear members who pretend they're from the Republican "side" of the Regime who say they want things like Tort Reform ... read more