Financial Tweet of the Week: Steve Burns

Jul 7, 2014
J. Webster
Comments Off
The week in the stock market has only just started but we already have our financial tweet of the week. Too many times traders want to get revenge, win back the money they lost or get too attached to a stock or just let their emotions and their ego get too involved in the trading, which only leads to disaster. This tweet pretty much nails it.

Continue reading...

Financial Tweet of the Week: ZeroHedge

Jun 27, 2014
J. Webster
Comments Off
GoPro went public yesterday and the stock is shooting higher, up 18% as I write this. I think ZeroHedge captures the essence of this IPO with this tweet. This is from GoPro's description in their Google Finance listing: "GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content." Not sure what "consumer pain" points

Continue reading...

You Missed the Big Run in the Stock Market

Jun 20, 2014
J. Webster
Comments Off
So you missed it. Just admit you missed the big run up in the stock market. Don't jump in now. The bottom in the stock market happened five years ago. It's too late. You could have bought Starbucks at under $8 a share - it's now trading at $75. Harley Davidson at trading under $12 a share - now it's near $70. It's painful I know but don't feel like you have to make crazy bets since you missed out. Yes, all these brands were crazy cheap back then. Heck, you could have gone long a big bank like Wells

Continue reading...

Ex-Bear Stearns Executive Gave Out Toaster Ovens at Goldman Sachs

Jun 18, 2014
J. Webster
Comments Off
I wonder what constituted a "notable" trade to "earn" the toaster oven prize at Goldman Sachs? Was the ex-Bear Stearns executive punking some of the Goldman Sachs traders....? Sorry, this year you're not going to get the full bonus you were expecting from Goldman Sachs, but here, have a nice toaster oven, that's what we got when I worked at Bear Stearns. Here's the story from Bloomberg:
While the move cost the group profits, it once again went short in the middle of 2007, generating gains of $2 billion to $3 billion, Salem said. The group made

Continue reading...

Lunch with Warren Buffett: $2,166,766

Jun 10, 2014
J. Webster
Comments Off
Yeah, so $2,166,766 is a lot of money for a lunch with Warren Buffett, but the money goes to the Glide Foundation...and I'm sure there some kind of tax write off for this, right? Plus, there's then all the media coverage over your winning bid, which must help whatever investment firm you work for, right? And then there's all the knowledge you'll gain by having lunch with Buffett - I'm sure you'll get at least one stock tip out of the lunch, right? Bidding started at $25,000 and there were 121 bids in total. All you had to do was

Continue reading...

The Feds Transparency Will Create Bubbles

Jun 8, 2014
J. Webster
Comments Off
Greenspan, Bernanke, and maybe now Yellen, with their transparency and forecasting of what the Federal Reserve is going to do, has caused increased risk taking not reduced it:
IT may seem counterintuitive to use uncertainty to quell volatility. But a small amount of uncertainty surrounding short-term interest rates may act much like a vaccine immunizing the stock market against bubbles. More generally, if we view humans as embodied brains instead of disembodied minds, we can see that the risk-taking pathologies found in traders also lead chief executives, trial lawyers, oil executives and others to swing from excessive and ill-conceived risks to

Continue reading...

Receptionist Gets a Pass at Bridgewater

Jun 8, 2014
J. Webster
Comments Off
Everything is measured at Ray Dalio's gigantic hedge fund Bridgewater Associates. Whether you're a trader or the head receptionist, your work is monitored and evaluated - but it's all for the truth and betterment of the "firm". It's all for the cult called Bridgewater. It's all based on Ray Dalio's vision and his desire to create a culture "truth and radical transparency."
But human machines don't always welcome complete candor. And at Bridgewater they have to get used to internal software that conducts a non-stop evaluation of their performance based on daily entries from colleagues and even rates their credibility on

Continue reading...

Gene Munster Changes Tune on Beats Deal

May 29, 2014
J. Webster
Comments Off
When the Apple deal for Beats was first leaked, Gene Munster said it was a "bad idea":
"We are struggling to see the rationale behind this move," Munster said. "Beats would of course bring a world class brand in music to Apple, but Apple already has a world class brand and has never acquired a brand for a brand's sake (i.e., there are no non-Apple sub-brands under the company umbrella)." He added, "Separately, we are not aware of any intellectual property within Beats that would drive the acquisition justification beyond the brand. We view a better use of capital for acquisitions to

Continue reading...

Financial Tweet of the Week: Cory Johnson

May 23, 2014
J. Webster
Comments Off
While Hewlett-Packard Company is near a 52 week high of $34, does that really mean anything in the long run? What products do HP have that everyone wants to buy? They missed 3D printing, or at least they're very late to the party. They've cutting more jobs, as in 16,000. How can they catch up with Apple and even Microsoft? While Meg Whitman has taken the company and the stock from the lows near $11 just a year ago, where are they going to be in six months or six years? They're losing money every quarter. I think Bloomberg's Cory

Continue reading...

Dr. Doom Looking Pretty Gloomy

May 22, 2014
J. Webster
Comments Off
Yes, the person who publishes the "Gloom Boom & Doom Report" should look like this....Marc Faber, otherwise known as Dr. Doom, looks like he hasn't been outside in a while and he just woke up while appearing on Bloomberg.

Continue reading...

Pages:«1234567...96»