A frequent target of mine here in the newsletter and on the radio show is none other than the ultimate Wall Street showman James Cramer of CNBC’s Mad Money fame. In our January 2006 article Easy Money Tall Tales we utilize the CXO Advisory Group’s audit of James Cramer’s on air picks to prove that […]
There are certain movies that whenever they happen to cross my path while channel surfing, I must stop and watch. The comedy Office Space is one such film. In this movie a bunch of disgruntled workers infect their companies computer system with a virus that systematically takes all fractional monetary transactions and forwards the funds […]
“Hello, I’m the Church Lady, and this is “Church Chat”. Well, it’s almost Halloween, and what a delightful little holiday! Let’s see, what do we do on this holiday, let’s count it out: we dress up our children like witches and vampires; we put them out into the night like little candy prostitutes – “Look […]
The U.S. Government is alleging “pervasive fraud” in the operation of many Jackson Hewitt Tax Service sites in the states of Georgia, Illinois, Michigan and North Carolina and is trying to shut them down. According to the Wall Street Journal, the government’s charges contained in lawsuits that were filed in federal district courts could end […]
A federal appeals panel ruled this past month that a class-action lawsuit against investment banks over their role as advisers to Enron cannot go ahead. Personally I feel that class-action suits are a grand ole waste of time that enrich lawyers and leave participants with pennies on the dollar. However, this case sets a very […]
I would like to draw attention to question #22 in our article Help Wanted…”Is any of your compensation based on selling product? Explain?” In 2004, the Securities and Exchange Commission put foreword a rule change that would help satisfy its mission to “protect investors and maintain fair, orderly and efficient markets,” and was dubbed the […]
In my opinion, they don’t fear God; they don’t believe in karma; but according to their new advertising campaign they are “World Wise,” whatever that means. Morgan Stanley has frequently been in my crosshairs here in the Markowski Monthly and on the radio show, and I have used various colorful adjectives to describe my feelings […]
On February 13th the Bank of America Corporation began to offer credit cards to customers without Social Security numbers (illegal immigrants). File this one under slippery slope. For year’s banks all across the country have been offering checking accounts and mortgages to “undocumented immigrants.” Credit cards were a natural progression of business as usual. The […]
I am no mathematics expert, (I have made fun of my lack of talent on these pages and on the show) but at least I can do basic algebra. It turns out that “the smartest guys in the room,” some of Wall Street’s biggest brokerage firms cannot even do that. Judith Burns of the Wall […]
In an unfortunate trend that we are witnessing more and more frequently is the misuse of the radio airwaves to sell penny stocks, annuities and other high commission low-value investment products or once-in-a lifetime business deals. In a Wall Street Journal article by Jennifer Levitz she interviews Rick Santos, Manager of WLQY AM in Miami, […]