In 2008 when I joined the Obama bandwagon I had this underlying suspicion that he was more about hype than substance. That he was saying things he knew would arouse me but was mainly saying them to get elected. He, like Bill Clinton and George Bush before him, didn’t really speak the words from his heart. You can’t say that about Bernie. Sanders has a long track record of doing what he says. He also has a record of accomplishments that proves him to be a pragmatist that I believe this country seriously needs today. He votes  based on substance, … Continue reading About Bernie…

Thanks Dan for reminding us what is really tragic. Continue reading The Rich Get Richer… Or….

“Most big corporations trade well above book value,” Warren said, referring to the measure of a company’s assets minus liabilities. “But many of the Wall Street banks right now are trading below book value. And I can only think of two reasons why that would be so. One would be because nobody believes that the banks’ books are honest, or the second would be that no one believes that the banks are really manageable.” Warren’s comment on bank accounting came after she repeatedly — and apparently rhetorically — asked a panel of top regulators to cite the last time they … Continue reading Hoorah for Elizabeth Warren….

Source: ‘Fear’ gauge showing little of it.

Some investors interpret the benign numbers as evidence that worries about gridlock in Washington and the slowing global economy are overblown.

But others worry that the low readings are a sign of complacency, and that the potential for further declines in response to unexpected bad news isn’t reflected in stock prices….

If Wall Street is nothing else it is about worrying.  Those guys buy and sell on the slightest hint of something different happening. The above quote comes from Fidelity Investments as a form of advice to its investors.  What it basically says is that these guys are worrying that they are not worrying enough so something might come up and surprise them. Does that sound like paranoia to you? It sure does to me.

Continue reading “Worried About Not Worrying Enough..”

The trouble with Wall Street is well, Wall Street. Those folks in New York City, especially Manhattan, think they are the center of the universe. Lets move our financial institutions to Omaha Nebraska.  That will give them more common sense than they would ever be able to gain on that little island in New York.  Warren Buffett has done pretty well with himself by staying there all these years. He has weathered most of the melt-down in pretty good shape. He doesn’t let the flashy lights of fame and fortune cloud his judgment. The people who live in or near … Continue reading The Trouble With Wall Street Is……

  You gotta love all the spin masters on Wall Street these days. I noticed these headline here several times this year. BIGGEST ONE DAY GAIN!!! But what they don’t talk about is that the day before was the biggest one day loss so all that the gain did was put us back to where we were the  day before yesterday.  These guys will do just about anything to try to justify their big year-end bonuses. But what do I know…. Continue reading Biggest One Day Gain!!!