The bozo recommended Netflix at $1340 with a target of $150. Netflix announced earnings today. SAN FRANCISCO (AP) — Netflix jolted its already shell-shocked shareholders with a third-quarter financial report that portrayed a company in crisis. Netflix’s blooper reel, released Monday, included an even larger customer exodus than the company had foreseen after announcing an […]
In case if you were betting that Europe will be fixed over the weekend… the headline says it all. Friday’s “breakout” in stocks could be a head-fake. Via Telegraph. Just when the eurozone governments thought it could not get worse for Europe’s single currency, it did. Shell-shocked EU finance ministers meeting in Brussels on Saturday […]
It is possible the many people have never heard of this Belgian Bank until recently. Even if you haven’t heard about it until you stumbled upon to this article, you can be forgiven. At the outset, this appears to be a complicated story. Or at least the apologists of the banking crime syndicate will tell […]
Remember this Vanity Fair article: Of the 1%, by the 1% for the 1%? Professor Joseph Stiglitz was at the “Occupy Wall Street” rally and appeared on Lawrence O’Donnel’s show. “Too little regulation of banks and too much regulation of the democratic processes.” Well said, professor! (I don’t agree with everything he said). Watch the […]
——————— Update ————– Senator Dick Durbin said something very very irresponsible on the Senate floor. He encouraged a run on Bank of America! video platformvideo managementvideo solutionsvideo player Does he even understand the consequence of his idiocy? Back in Spring of 2008, Senator Chuck Shumer encouraged a run on the Indy Mac bank and within […]
** Oct 3, 2011: I am re-posting this Feb 2010 post for more light ** Yes, the former Federal Reserve Board Chairman, Greenspan is a crackpot! For over a dozen years, I was passionately making this case to anybody who cared to listen. Even today at lunch, my colleagues were joking with me about how […]
A few weeks ago I mentioned that I would not buy or short Apple stock. I changed my opinion now. Is Apple (the stock, to be precise) to fall from grace? I believe it is. First reason:Economy Yes. The economy sucks. Unless you live on planet Mars, or you are a Federal Reserve Bank governor […]
Didn’t they tell us that US banks didn’t need any tax payer help after all? Guess what, after swindling the tax payer relief and pretending that tax payers were paid back, the gamblers are at it at again. While the world is focused on European sovereign debt, European banks and Bank of America, a new […]
So far, this week (especially yesterday) we have seen some of the craziest movements in stock prices around the world. To me this is indicating a lot of trouble ahead. FT Alphaville: All is not well in the kingdom of Stanley All is not well in the kingdom of Stanley. The CDS spreads have blown […]
The golden period of economic growth in the US economy. During that time, the financial sector played its rightful role. What is the role of the financial sector in the economy? It is to support the real economy (manufacture of goods, sales and service): by mobilizing savings by allocating those saving to help the economy […]
Ladies and gentlemen, I used to be a fairly savvy investor and trader, navigating the ups and downs of the market with varying degrees of success. I found ways to make money, but I also experienced significant losses, mainly due to my high-risk tolerance. It’s worth mentioning that my approach involves a considerable amount of […]
Follow-up to Alessio Rastani’s BBC Interview. Just a few mins after Alessio Rastani’s interview was posted on ZeroHedge, I linked it on Telugbole and said this: I believe that in the ensuing weeks and months, this short interview on BBC will be much talked about. In a very candid manner and in simple language, trader […]
Any video with “English” yakscent is worth viewing :). Enjoy the clip.
I think some uber-bulls on Netflix, the stock, don’t know what hit them. Before they could say down, the stock came down crashing from $305 to now $130, which is a $175 haircut in 6 weeks. After a long lull where all stocks went up regardless of the fundamentals, I am encouraged by the signs […]
UPDATE: I just discovered that he has a blog: Leading Trader I believe that in the ensuing weeks and months, this short interview on BBC will be much talked about. In a very candid manner and in simple language, trader Alessio Rastani tells the shocked BBC hosts what is going to happen in financial markets, […]
