Europe Debt Explained
Any video with “English” yakscent is worth viewing :). Enjoy the clip.
In The News
I am Naming My Own Price for Priceline.com, the Stock!
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 […]
Shocking Interview: Governments Don’t Rule the World, Goldman Sachs Does
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, […]
Mark Faber on QE3, China, Greece, and Banks (Must Listen)
Marc Faber is a well known investor. To the best of my knowledge, he is the only one who has bee consistently correct in foreseeing every major turn in every major economy in the world. His timing is also very good. He spoke to Reuters on Sept 22. Watch the video here, or if doesn’t […]
“All Clowns (in the Market) Must be Destroyed”
[This post is for mature readers only.] Some 12 years ago when tech stock bubble was in full swing, Luc, a regular poster on the Silicon Investor boards used to end his comments/posts with a tag line, “All Clowns Must be destroyed.” I used to get appalled at the meteoric rise of stocks some of […]
Jon Stewart Goes at the Republican Rhetoric: “Class Warfare on Job Creators”
When President Obama recently proposed Jon always manages to surprise me with his ability to tame the beast with well thought out arguments and great comebacks like the one in this interview with Mitch Daniels, Indiana Governor: “obsession, bashing and confiscating. I understand the language of unity, but I am not sure.. (if this choice […]
Operation Twist for the Twisted
The central bank chairman with God complex, who arrogantly proclaimed that he could have saved the Great Depression may have been leading us in the same path. His latest ‘twist’ is here – Operation Twist, to be exact. The Twist may be a bit too much to handle for the banking system he and his […]
Ron Suskind Sheds Light on Innerworkings of Obama Presidency
In the news roundup segment of my Sept 16th show I made a mention of Ron Suskind’s book on Obama’s Presidency. This may be the first book of real substance about the inner workings of Obama Presidency. It sort of confirms my own instincts, which I commented here or on my show from time to […]
Netflix’s Quickster! (LOL) [Updated]
Netflix now trading at 139 (premarket) dropped another 20 points from when I exited my tiny bearish bet last Thu. Yesterday the CEO issued a mea culpa letter to the customers and announced that they will spin off their DVD business as “Quickster!” I messed up. I owe everyone an explanation. It is clear from […]
My Battle with Netflix, the Stock!
If you think that pic of Netflix pitchman Jason Alexander is funny, you have to know the jokes that were in circulation about AOL disks arriving mail. One example: 101 uses for all the unsolicited AOL trial disks you received. As I mentioned a couple of months ago on my TORi show, Netflix will implode […]
Four Weeks of Red Alert in Financial Markets
I haven’t had much chance to post something about the market action last week. To say the least, even in the face of extremely bearish news, at the outset it looks bizarre to see markets gain for each of the five trading days last week. Two things that explain this: a) triple witching options expiry; […]
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NetFlunks Got Cramered
Do you listen to Bozo Cramer on CNBS’ Mad Money show? Long before he became a TV “star,” he and I used to exchange messages and jabs on the Silicon Investor website. Back in early 1999 I said to him, (paraphrased) “For a long time after the tech bubble deflates, cheerleaders you who pump worthless […]
All About Europe’s Sovereign Debt Crisis in One Picture
The picture above shows today’s Credit Default Swap spreads of the sovereign debt of PIIGS (Portugal, Italy, Ireland, Greece and Spain) countries. It means that the interest rate spread OVER the comparable Treasuries is 1737 basis points. Or, full 17% higher than the Treasuries. It means that it is virtually certain one of the countries […]
A Rumor a Minute, 5-Point Swings a Minute: This is the New Normal?
Stock markets around the world have new fuel for rally: rumors. There is a rumor every minute. Yesterday: “China to buy Italian bonds.” Not true. But, market rallied for over 100 DOW points in 5 min. Today: “French President and Greek PM are to “talk.” But markets bolted higher. Late today: Brazil to the rescue […]
It is Getting Uglier in Financial Markets
1:45 PM Update: News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills are sold at 3 mo LIBOR levels – which is at a rate higher than 3 year Treasuries. Translation: liquidity crisis. Looks like it […]