Wednesday, May 26, 2010

Machines Run Wall Street Trading

Examining recent volatile charts on Dow Jones and one gets the impression that only nano- second trading machines could leave such foot prints. From down 300 points yesterday to up 100 today without any improvement in fundamental facts that are eating away at the economic base of global business. I.E. the continuing meltdown in financial instruments and institutions. It's safe to say that more and more people who are engaged in the market are not sure what they own or what they are short- trading's the thing. Rather it's their machines trading that's the thing. It's really not trading but a video intimidation stock trading game that's aided by massive amounts of liquidity untethered to real economic events until they are. And then look out.

Sunday, May 23, 2010

Debt : Metaphor of Icarus

Call it gravity. Call it hubris. Call it the myth of Icarus. Call it debt. Call it human folly. In the end debt which impersonates security will fail as a support and a tool for growth. Just as the wax wings of Icarus melted because of too near a proximity to the sun and he plummeted to earth.

Friday, May 21, 2010

Racial Profiling: Matter of View

Racial profiling and affirmative action are two descriptions of race based judgments. Only the eyes of the beholders can tell the difference. Consequently it's about taste and no one should argue or codify taste.

Wednesday, May 19, 2010

SEC Flash Crash Report Misses

The long awaited report by the S.E.C , NYSE et al about the May 6 "flash crash"was published today. It didn't answer the burning question,"What started the selling"? Instead they gave a broad description of everything else that happened. Not what caused the sequence of events. Why do we pay these people?

They didn't even mention the erroneous price trade of Dow component Proctor & Gamble. I believe that the 30 point price error in P&G stock started the panic. It's like yelling fire in a crowded theater. A 30 point decline in P&G equals app. minus 200 Dow points. So when the Dow signaled an instant drop of 200 points most of the day trading herd headed for the exits.

I have one question. How and who put that bum priced P&G trade into the system? Was it China? Was it a hedge fund who was short?

Friday, May 14, 2010

The Story Of Anne Frank-Again?

The Custom Made Theater Company is reprising the story of Anne Frank in San Francisco this week. I don't think Anne Frank was a hero or a victim worthy of note. Certainly down through the ages, real heroes of all ages didn't hide in an attic. They went out and fought the enemy. She choose to become a victim by being a sitting target.

The people who exploit her sorrowful life are the same ones who are involved in a slow-motion genocide of the Palestinians. How do they reconcile those two positions?

Remember This About Race & Life Style legislation

One thing to remember about race or life style politically correct legislation . Most of the time, some straight, white, male attorney who needs the money is the one who promotes its passage. May he go right to hell.

Tuesday, May 11, 2010

Goldman Sachs Has Perfect Trading

Goldman Sachs reported a perfect 1st quarter performance. It did not have a single losing day in 2010. It generated app. $10 billion in trading revenues. No firm has ever done that feat. That's as successful as law firm. They never lose either.But GS is supposed to be in a "risk" business. Where's the risk? Methinks that "trading" is an incorrect description of what the hyenas at Goldman do. Stealing would be more accurate.

Monday, May 10, 2010

Elena Kagan: SCOTUS Nominee

Obama dug deep to come up with his Supreme Court justice nominee. Not deep in the sense of traditional values of the U.S. .But deep in Obama's dislike for traditional American conservative values. The 50 year old Kagan never was a judge. She clerked for the black activist Justice Thurgood Marshall. She's an attorney, ergo, never had a real job. She pushed to exclude U.S. Armed Forces recruitment on Harvards campus. She's a radical pro gay rights advocate . She's a liberal Jew in the early twentieth century Lenin/Marxist mold. There's plenty of acceptable Jews. But she isn't one.

We have sunk pretty low to come up with this freak. So we will have more, government of attorneys, by attorneys and for attorneys until the communists take over and eliminate the attorneys.

Wednesday, May 05, 2010

Embarrassing & Hurtful Iraq News

The Associated Press is reporting that two powerful Iranian-backed Shiite Iraqi political factions will be leading Iraq's government. They will form an Islamic Republic as per Iran's model. This is the result of the recent elections.

What do the former Bush Administration members think about their fiasco now? What do the many families who lost loved ones in "freeing"Iraq for secular democracy think?

It's a pathetic end to a pathetic invasion carried out by well meaning but naive service members on orders by mean spirited killers.

Monday, May 03, 2010

Warren Buffett: Greed Cartoon

Warren Buffett was in Omaha, Nebraska this past weekend reporting to his faithful Berkshire Hathaway shareholders. He rambled for hours. One interesting part of his monologue was his defense of Goldman Sachs behavior leading up to and during the financial meltdown. He said, " Goldman was caught up in the worldwide mania that prevailed throughout the investment world".

But only Goldman has been charged with civil fraud by the S.E.C. And most people don't resort to stealing no matter what mania is prevailing. Of course Buffett has a large stake in Goldman and other financial service companies. So he's no doubt arguing this point based on his positions. All people evolve into caricature. Buffett is no different. His long time quest for money has now made him a cartoon of take-no-prisoners greed.

Saturday, May 01, 2010

Racial Profiling & Affirmative Action

The political action arm of Hispanics in America is called "The National Council of La Raza". "La Raza" means "the race". Wow they think a lot of themselves. The Council had a spokeswoman on the News Hour the other night. She was more than a little upset about Arizona's new legislation that dealt with the states illegal immigration problem. The legislation gave police the authority "only with probable cause"to ask anyone for an I.D. that proved they were legal residents. That applies to all races. But since the Arizona problem is mainly about illegals from Mexico, La Raza took the new law personally.

Well it's this way " La Raza". If you people want to run a racist organization for affirmative action than you will have to accept a little racial profiling on police work. We have to know where the freebies or the handcuffs are to be given. Racial profiling is the same technique used by racist affirmative action supporters.