Octupi Wall Street

Oct 12, 2011
J. Webster
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I have a feeling these octopus figures would sell like hotcakes to those who support Occupy Wall Street. And the octopus has long represented the people's interests. Check out these octopus inspired comics centered around the theme of economic populism. Hat tip to The Reformed

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Roubini Says Double Dip Ahead

Oct 11, 2011
J. Webster
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"The question is not whether or if there is going to be a double dip, but whether it's going to be mild or severe with another financial crisis," Roubini, head of Roubini Global Economics, told CNBC on the sidelines of the World Knowledge Forum in Seoul. "The answer on that depends on the euro

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Saturday Night Live: The Netflix Apology

Oct 11, 2011
J. Webster
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Here's a big reason why some traders are still SHORT shares of Netflix: they don't seem to know what the hell they're doing these days, as this Saturday Night Live skit demonstrates. The question though is how much lower can Netflix's stock go, it seems like every day it's hitting a new 52 week low, after reaching $300 a share just three months ago. Today the stock touched a new low of $103.13 a share. Many are saying the company will need to be rescued via a buyout by the likes of an Apple, Amazon, Dish Network or Comcast, at

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Funny or Die: Occupy What Street?

Oct 10, 2011
J. Webster
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Best line from a protester in the video: "I want to use the bathroom, where is it around here?" Finding a bathroom, as you can imagine, has become some what of problem for protesters during Occupy Wall Street. I don't know who the guy in the suit who works for the government was towards the end of the video. Oh yeah, a police horse pees in the video too - don't worry, you don't really see it. But I guess the horse couldn't find a proper bathroom to use either.

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Occupy Wall Street’s Hand Signals

Oct 10, 2011
J. Webster
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You've got to give the protesters a lot of credit, they're doing without a lot of things in their efforts to Occupy Wall Street: nice warm beds, a roof over their head, a clean bathroom of their own, and so on. And another thing their doing without or not allowed to use, is a microphone, and so their making up their own ways of communicating using hand signals and shouting back out what a speaker says in a call and response type of routine. CNN's Jeanne Moos tries to decipher all of their hand signals and other ways of

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Kanye West & Russell Simmons at Occupy Wall Street

Oct 10, 2011
J. Webster
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It's no big surprise when folks like Michael Moore, Susan Sarandon, and Tim Robbins show up at Occupy Wall Street, but when Kanye West and Russel Simmons make an appearance, you kind of start to think this thing might turn into one big party. Don't think they stayed too long though. I'd give Kanye a lot of credit if he slept over night in the park with the protesters, but don't think that will happen. It becomes a fine line in a way, are celebrities or politicians supporting the protesters or using the growing media coverage for their own personal gains.

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John Maynard Keynes Was a Hedge Fund Manager

Oct 10, 2011
J. Webster
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In this week's New Yorker magazine, in article called, 'The Demand Doctor', John Cassidy debunks many of the ideas held about John Maynard Keynes and his economic theories. Keynes was neither a socialist or a communist or someone who wanted help grow the economy through tax cuts and stimulus unless there was a risk of recession or depression. It wasn't like he proposed printing money or stimulus whenever there was little problem with the economy. The goals of his theories were to turn the economy around by increasing demand via stimulus rather than by making deep cuts, especially

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Ron Wayne’s Stake in Apple Would Be Worth $35 Billion Today

Oct 10, 2011
J. Webster
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So, say you sold your shares of Apple at around $150 a share and are kicking yourself for doing so. Or, say you sold your Apple shares at around $250 a share even, and you're kicking yourself for it as the stock has soared to close to $400 a share. Well, you won't feel as bad after learning about Ron Wayne, the man who helped found Apple with Steve Jobs and Steve Wozniak.
Meet Ron Wayne, the senior in the triumvirate that founded Apple in 1976. He lasted just two weeks with the company, and says he realized he was too

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Jim Cramer Still Owns Bank of America For His Charitable Trust

Oct 10, 2011
J. Webster
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Well, I guess you have to give Cramer some credit, he's willing to suffer and endure pain, as he's still holding on to Bank of America's stock even though it's down to the $6 level and the most hated bank stock in the entire stock market. Actually, it's perhaps the most hated company/stock in the world. Cramer has said buying of Bank of America's stock is one of his worst investing decisions he's made in his entire career. However, when the stock drops nearly 50% in just three months, going from $10 a share to a 52 week low of $5.13

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James Altucher: Apple or Amazon

Oct 9, 2011
J. Webster
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The ever interesting and insightful James Altucher does a question and answer session once a week on Twitter, here he answers a question about whether you should buy Amazon's stock or Apple's stock. Sure, from time to time Mr. Altucher makes some wild predictions, but he gets you thinking, and sometime times those wild predictions come true. @ChicagoYak asks: Should you Buy Amazon or Apple? Answer: Warren Buffett says that if a company is still going to be here 20 years from now then it is probably a good investment (this isn’t always true: Kodak, for instance, GM. Bethlehem

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