Important Message: The Reuters Stock Buzz beta period will end Friday, October 31. If you would like to continue to access your Stock Buzz account through SocialPicks, please click here
Waiting for the sun? Godot? No, Mitsubishi.about MS 10/11/08
Morgan Stanley is in a white knuckle situation, having just had a 22% haircut today. They are waiting on a big chunk of change($9 billion) from MTU on Tuesday. I believe that the government won't let...
In the brokedown laneabout GM 10/09/08
Poor sales + credit crunch+ legacy costs+global slowdown=crash. Their debt is junk. Their umpteenth turnaround plan has stalled. I'm waiting for them to declare bankruptcy before even considering in
A way to short small cap growthabout RMT 10/09/08
This closed-end fund which invests exclusively in microcap and small cap stocks is heavily weight in technology, industrials, and natural resources. It's lost half it's value over the last year and cu
Cash-starved payment processorabout MYEC 10/08/08
These guys are a money-losing microcap company in the payment processing business. They bill themselves as an alternative to the ACH system. Liabilities dwarf assets on the balance sheet. In fact st...
Chinese food additiveabout CHBT 10/08/08
This is actually a solid company, so why am I shorting it? Guilt by association . Anything to do with China is getting killed. Although this stock has bounced off its 52-wee...
Nothing lasts forever even cold November rain10/10/08
—
September was awful and October is looking worse. Everywhere I look I see stories about the financial crisis and people wondering if we're going to see another Great Depression. I keep hearing people on CNBC talking about defensive sectors and stocks. This is a totally academic exercise when all ...
Jim Cramer's dramatic statement10/07/08
—
These are the times that try men's souls--Thomas PaineAmy Winehouse is turning to Scientology. Previously unknown Jim Petruzelli TKOs Kimbo Slice. The most shocking event of all though: Jim Cramer is dissing the stock market. Jim Cramer went on the Today Show yesterday and advised people to take...
Shame on you, CNBC09/30/08
—
The last year of coverage on CNBC has featured relentless cheerleading. With every downward thrust of the market, we find a CNBC reporter or anchor talking about the wonderful values being created in the wake of volatility. Well, the bargains kept coming. When they weren't encouraging you to sna...
What now?09/19/08
—
Uncle Sam is being especially generous. He has tried thrice to throw money at the problem(Bear Stearns, Fannie Mae/Freddie Mac, AIG) and failed. Now he is going to buy any and everything just about. Chairman Cox of the SEC has suspended shortselling in stocks. Of course, the stock market is ea...
Thanks Hank09/09/08
—
I needed the Fannie/Freddie bailout during the last week of August, not yesterday. I shorted FNM at $3.99 on 8/21 and ended up covering at $6.18 on 8/27. I shorted FRE at $2.96 on 8/21 and threw in the towel on 8/27, covering at $4.54, They both climbed higher still that week before cratering yest...
Re: If it has leverage....Sell it10/11/08
I agree that you should sell businesses that need financing, but what do you buy? MSFT? Tech hasn't exactly been a safe harbor either. PG? They sell stuff that everyone needs and that's getting punished.
More willing to take occasional risks while protecting assets from the risk of major losses. Portfolio is comprised mostly of solid companies with a history of consistently creating returns for investors, but includes some riskier holdings such as smallcaps, or foreign companies that will posses larger returns.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One th
... more
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One th
