Friday, November 13, 2009
Wednesday, November 11, 2009
FSLR was negative on the day while NDX was positive (gapped up), and formed a descending wedge that was still forming while spy already broke out of its resistance diagonal, so I bought on a new HOD tick and it broke the wedge. Took profits at yesterdays low.
Tuesday, November 10, 2009
Monday, November 9, 2009
Tuesday, November 3, 2009
I read this very eye opening letter forwarded to Mish by the brilliant Janet Tavakoli of
Then I saw the season finale of Shark Tank, the very interesting venture capital (reality) show.
Besides the amazing last deal, which ended the season with a bang, there was a very micro economic concept that could be applied to the mega deals of the world on the back of the American Taxpayer, or the peasants, as Max Keiser would say:
They started to compete for a great potential start up business, when all of a sudden they realized - why compete with each other while costing themselves more while they can collude together to gain more on the expense of the developers of the start up. This isolated concept applies to Goldman-AIG scandal:
In less than 30 seconds of mega-schmega deal making, Goldman decides that AIG would take 0% losses to its counter party, and the American tax payer will be forced to take 100% of its CDS losses. All 85$ billion.
So Goldman gains 14$ billion, American tax payers lose 85$ billion - "DONE."