Wednesday, February 18, 2009

Another Fleecing Exposed

So the Stanford Financial Companies (to include the ubiquitous Stanford Research that appears in so many of the tickers has having issues a research report) is the very latest to have been exposed as financial charlatans.

No shortage of those. If we were in a more primitive society, they would be ground up as chum and fed to fishes who would then feed the hungry. Now that would be poetic justice. BRKR a holding was up yesterday in the carnage. WH, my Chinese tubular steel maker, did not fare well.

I sure wished I owned more gold! I was looking for a file and found my worksheet on the gold stocks that I did over the Thanksgiving holiday. I still have my CEF which I bought on 11/21/08. I try not to judge past decisions on current information as no one has the clarity of prescience, merely educated guesses PLUS miasmic probability distributions. Oh, those are just dressed up hunches and given the aire of respectability by making it look substantive.

Sort like our financial charlatans.

3 comments:

nice said...

Hi Leisa...

Been busy lately... after coming back from holidays

Catching up on things - reading the old blogs and market commentators to see where everyone stands... etc...

I am shocked to see that so many remained so stubborningly bullish the past 8 weeks - with everyone calling another bottom...
Feb is often a bad month.

And the market can't bottom until the C/BAC/GM mess is resolved.

In particular our old friend Bill Cara seems really out of touch with the market the past 5 months...

...

So it looks like the market is forcing the new Treasury secretary's hands... something gold already figured out...

Obviously we will get some kind of accouncement very soon..

Trying my first buys of the year here... but I have my doubts..

Lets hope for the best...

nice

Mr Risk said...

Whenever gold is the best investment, you know that times are bad and getting worse. It's also a sad commentary on how our governments are eventually debasing our money in order to get us to spend and invest it. But it looks like the smart money wants none of that and has headed into gold.

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