media bias is a real thing

  Hello all! For today’s post I wanted to have a conversation with you about something that is discussed mostly by the right wing folks in our country, namely that there is a media bias. My personal credibility in discussing this issue comes primarily from the fact that for nearly a decade as a professional investor my primary job was to read, process and act on news. At the end of my...
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institutional changes are coming

  Financial market volatility got you down? As you know, I have been saying for some time that the markets will continue to be volatile until the actors that got us here are either gone or have legitimately changed. Additionally, there will be volatility for at least one quarter’s worth of earnings announcements from businesses. That’s because their results, affected by the...
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GObama!

Just a few points to make this evening. First, the election has come and gone and a vast constituency of former political leaders have been voted out of office. As I have been saying for a while now, in order for the financial markets to stabilize there has to be a change in the leadership that got us to this place. These include: CEOs and other executives, bureaucrats, legislators and the...
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no news at cnn

  HAPPY HALLOWEEN TO EVERYONE. Have you noticed increasingly that there is no news on the news? Below I have quoted the headlines from today’s front page of CNN.com (sorry Time Warner). As you read through the list of headlines make a note of those which you feel are actual news that could affect you personally. So much of what passes as news is not news, but celebrity gossip, crime...
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a Brush with reality

  Today’s post is about an article written by Michael Brush writing for MSN Money. The title of his article is: “5 ways to fix Wall Street.” The story can be found at: http://articles.moneycentral.msn.com/Investing/CompanyFocus/5-ways-to-fix-wall-street.aspx?page=1 The lead in to the article says, “Billions of our dollars are flowing in to save the financial system,...
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when logic & proportion have fallen sloppy

  Big numbers are difficult to grasp…and here is an exercise to demonstrate this fact. For those of you who know me then you have probably been through this before – sorry, in advance. ***** Question 1: If you had exactly a million dollars and spent a dollar a second, how long would it take for you to spend the whole million? Answer: Approximately 11 days. ***** Question 2: If...
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holy matrimony

  Another dismal, doggy Dow day. Two things to talk about today: First, the fact that the stock market is starting to reflect the recessionary financial results coming out of businesses is a good thing. Why? Because the financial markets have not reflected actual value for many years – see my post about the solid footing lying underneath all economies as well as the posting about the...
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