Are Corporate Insiders Sending a Sell Signal?

June 30, 2011

I have been following the buy/sell ratio of corporate insiders for some time, and I have found that the number of shares sold greatly outnumbers the buys – often over 500 to 1. Corporate insiders are not putting their own money into their company stock, but they sure are cashing in the stock they have. [...]

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Perfect Encapsulation of Memorial Day

May 30, 2011

This does a better job of explaining Memorial Day than words ever could (hat tip to my Coast Guard buddy Sean Cross). Please think of our military and veterans during this day.

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Fed Secrecy Revealed

May 27, 2011

There is a decent article in the Huffington Post today about the Federal Reserve’s secrecy, citing how the Fed provided over $30 billion in loans to Goldman Sachs, the Royal Bank of Scotland, and Credit Suisse at the ridiculously low rate of 0.01%. Wish I could get a mortgage at that rate. This is all [...]

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States Already Exhibiting Short Term Thinking

May 21, 2011

From an article on Yahoo News, many states are already clamoring that the recent budget cuts be rescinded due to an uptick in state tax revenues. As an example, Wisconsin is “projecting” an additional $636 million in revenue for the upcoming fiscal year. So many groups are pressuring the governor to relax the projected cuts, [...]

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S&P 500 Falling to 400?

May 18, 2011

Great video from the Financial Times where Russell Napier is interviewed. Napier is a thoughtful analyst, historian and money manager who understood the problems of 2008 and called the 2009/2010 rally – so one is wise to listen to him. In this video, he explains why he sees the S&P 500 falling to 400 from [...]

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Still Bleak Outlook for Housing

May 17, 2011

Here is a well researched article on the current state of the housing market. It was sent by John Mauldin, but the research is from Gary Shilling. I follow Gary’s work religiously as he called the housing bubble well before it imploded. If you are a realtor, you may not want to read this as [...]

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Medicare Heading for Insolvency Five Year Earlier than Anticipated

May 16, 2011

Here is a video from Tech Ticker discussing how the Social Security Administration released details last Friday about how Medicare will be financially defunct by 2024. This is a train wreck in the making. We can act now with some nasty castor oil or be forced into worse remedies when the train hits the wall. [...]

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Taibbi Hammers the Vampire Squid

May 14, 2011

I finally got around to reading the latest piece from Matt Tiabbi where he goes on the offensive against Goldman Sachs. The Rolling Stone article “The People vs. Goldman Sachs” It is a long read, but well worth the time. While I believe there should be bankers heading to prison (over 1,000 were convicted during [...]

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Greek Default Inevitable…and Positive

May 11, 2011

Here is a video from Tech Ticker featuring Martin Wolf. Wolf is a writer for the Financial Times, and he really knows Europe. Essentially, he is saying that the Greek default is inevitable as Greece’s debt is 160% of its Gross Domestic Product (GDP) and the market is already pricing the event as short term [...]

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Huge Problems with Mortgage Modifications

May 10, 2011

Great four part story on loan modifications from MSNBC (hat tip Barry Ritholz). I could go on about the inept government HAMP program or the greed of bankers, but this story does the job nicely. Visit msnbc.com for breaking news, world news, and news about the economy

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