In another, “See I told you so moment”, Sara Hoffman, of Investment News, is reporting thatmajor losses at many prominent hedge funds are finally causing pension fund managers to second guess hedge fund investments. The Wall Street Journal reported that hedge funds managed by Goldman Sachs Group Inc. and AQR Capital Management, among others, have […]
The pundits argue that we are a nation divided. Presidential candidate John “never met a doctor I didn’t want to sue” Edwards preaches the gospel of two Americas. I am going to surprise everyone reading this and agree. We are a nation divided into two distinct camps… People who loved the ending of the Sopranos, […]
Break out the party hats and noisemakers! The Dow has hit 14,000. At the July 19th close, Maria Bartoromo of CNBC looked as if she just received a 500% raise, stock options, a G5 and Marty McFly’s DeLorean time machine to take her back to “go-go 90’s”. When it looked as if the milestone wasn’t […]
Human sacrifice is alive and well on Wall Street. Relax; Mel Gibson is not going to be shooting any gory scenes on the corners of Wall and Broad, nor is Mola Ram from the Thuggee cult going to be standing on the steps of the Federal Building shouting “Kali Ma!” and literally ripping the hearts […]
I had some nutty professors in my day. Being a Political Science major I was often subjected to some sensitive pony-tail, tie-dye wearing, cannabis smelling teacher’s assistant who liked to spend the entire class preaching the many evils of the United States of America and how ashamed each and every one of us students should […]
One bit of advice that I have given on the radio show that tends to raise eyebrows is my belief that you should try to eliminate your home as a retirement vehicle. There is an urban myth out there that money spent, or as some state to justify their actions, “invest” on ones primary residence […]
Eerily reminiscent of the impossible to kill serial slasher Jason Voorhees from the Friday the 13th’ film series…Random tax audits are coming back this fall, just in time for Halloween. Trick or treat! Like the indiscriminate slasher Jason, The Wall Street Journal reports that the Internal Revenue Service is planning to resuscitate the morbid practice […]
Elaine Robertson Demby of Wealth Manager writes, “Throughout history people have valued land for what they could do with it: Hunt on it; farm it; build a residence, office building or factory on it. But with careful planning and the right mindset, land today can be valued for what its owners cannot do with it.” […]
I hate dolls. This is not some sort of macho rant, I am genuinely frightened of them. They give me the creeps,specially those new American Girl dolls; they look possessed. Anyway, I was trying to decipher the origin of my irrational fear and I think it might have something to do with a movie I […]
Outrage doesn’t even begin to describe my feelings after finding out about this story this past month. The NASD announced that it has fined two Fidelity broker dealers a whopping $400,000 for preparing and distributing misleading sales literature promoting Fidelity’s Destiny I and II Systematic Investment Plans, which were targeted at U.S. military personnel. These […]