Let Stevie Cohen Eat Steak

Feb 10, 2017
J. Webster
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If you want your kid to grow up and to run a hedge fund and have a net worth somewhere around $13 billion, give that special kid the steak and let the rest of your kids eat hot dogs for dinner....this little piece of information about Steve Cohen is from the new book Black Edge, by Sheelah Kolhatkar. Cohen didn't grow up wealthy, there wasn't enough steak to go around, and he seemed to develop a desire to make money trading stocks at a very young age. Cohen first started making money playing Poker and then got into

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The Very Happy Faces of Wall Street Traders & Investors

Jan 23, 2017
J. Webster
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Instead of seeing the very sad faces Wall Street traders, brokers, and investors, we're now seeing the grinning face of the Wall Street trader and hedge fund manager once again. It's all about cycles, right. With Donald Trump winning the presidency, the joy is back. Just look at the smiling faces of hedge fund "titans" and Wall Street insiders. They are no longer being beating down and hit like a pinata. They no longer have to hide from potential criminal investigations due to the financial collapse of 2008. They no longer have to worry or fear

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Peso Traders Say Mexico Should Buy Twitter

Jan 13, 2017
J. Webster
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Peso traders want Mexico to cough up $12 billion and just buy Twitter. The peso traders are tired of Donald Trumps tweets about building the wall and how he's stopping American jobs from moving to Mexico. The traders are tired of hearing about how Trump is going to make Mexico pay for the wall I'm sure too. While this is a crazy idea, I'm sure there are a lot of businesses and CEOs that have been attacked by Trump have actually thought about buying Twitter. Some have said Amazon's Jeff Bezos might like to own Twitter, he's already bought the

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Larry Kudlow Says Rich Don’t Steal

Dec 29, 2016
J. Webster
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The rich don't steal, that's the message Larry Kudlow has for America. And if there's one thing that Larry Kudlow has always been concerned about it's the rich being unfairly attacked or mistreated. During the financial crisis, Kudlow said the rich had been the hardest hit and were suffering to a degree like no other group in society. Now Kudlow says that we don't have to worry about corruption because the rich just don't steal.
Why shouldn’t the president surround himself with successful people? Wealthy folks have no need to steal or engage in corruption. Their business success demonstrates that

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No Longer the Pinata, Anthony Scaramucci Wants Out of Hedge Fund Business?

Dec 20, 2016
J. Webster
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Just when Wall Street is in power once again, well, just when Wall Street is set to have even more power, Anthony Scaramucci has decided he wants out of the hedge fund business? Or, I should say the hedge fund of hedge funds business. Scaramucci is a smart man, he's hitched his ride to the winning candidate and now may be offered a position in the Trump administration, so there's talk of him selling his fund, SkyBridge Capital. But you'd think now that

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Will Donald Trump Default on United States Debt

Dec 17, 2016
J. Webster
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Google knows. If you start to type in Trump and then default, a few options come up right away, suggestions like, "trump default china debt", "trump defaulted bonds", and "trump default treasuries". But will Trump as president actually default on United States debt? Will he actually risk the full faith and credit of the United States? Will he risk destroying the credit rating of the United States?
“I would borrow, knowing that if the economy crashed, you could make a deal,” Donald Trump told CNBC.
It seems like Trump didn't actually mean what he was saying before about defaulting on

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Rex Tillerson’s Tax Free Sale of Exxon Mobil Stock

Dec 13, 2016
J. Webster
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Rex Tillerson owns 2,618,856 of Exxon Mobil stock, valued at well over $233,078,184, since the price of the stock just keeps going up as talk swirls around his section as Secretary of State. The beauty of it is while Tillerson is taking on a tough job for the country, he also gets to sell the Exxon stock he earning working for the company, for nearly forty years, tax free when he becomes Secretary of State. It would be a nice gesture if Tillerson maybe donated the money he'd make on the tax free divestiture to a charity that's focused on

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Trump & Alec Baldwin Agree on Something

Dec 7, 2016
J. Webster
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Throughout his campaign Trump talked about how the stock market was "in a big, fat, ugly bubble", now it seems Trump's favorite impersonator on Saturday Night Live, Alec Baldwin, agrees with Trump on this issue. Baldwin was even a little more blunt than Trump in his concerns about the stock market in this tweet: Trump said he sold all of his stock back in June because he was worried about a conflict of interest when he's trying to making

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Cramer Says Sell, Harrison Says Buy: Should You Buy or Sell GW Pharmaceuticals?

Dec 3, 2016
J. Webster
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Update: There's a new Twitter disagreement about GW Pharmaceuticals between the two former hedge fund partners, Jim Cramer and Todd Harrison: This is what Cramer also said on Mad Money about GW Pharmaceuticals on Monday:
"What is concerning about GW Pharma is that all of these states that are making marijuana legal. This is a good company, but ... as one

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Goldman Sachs Is Great Again

Nov 30, 2016
J. Webster
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Before Trump was elected President of the United States, Goldman Sachs traded for about $180 a share. Since Trump won the election, it has shot up to $220 a share. While Goldman's stock is benefiting right now, and surely will continue to benefit, it says all stocks in nearly every sector will benefit in a Trump administration. This is an 8 year high for Goldman's stock. And Trump is set to name ex-Goldman Sachs partner Steven Mnuchin as Treasury Secretary. But for just how long will this benefit last? It seems like a good time to buy the $VIX,

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