Thursday, February 14, 2013

Ain't We Got Fun Even If The Eurozone's Falling Apart?

Eurozone 4Q GDP Contracted More Than Expected von Dpa-afxEN_cac

Scott’s correct, he can’t sing. But no matter what’s going on with your trading or your life, you best have some fun.

Here’s a great version of "Ain't We Got Fun" by Doris Day and Danny Thomas.

Wednesday, February 13, 2013

SocGen Loses, ING Wins And Still Loses

SocGen And ING 4Q Figures Disappoint von Dpa-afxEN_cac

So we got a giant French and a Godzilla-like Dutch bank reporting today.

But the best story I read relates to ex-SocGen trader Jerome Kerviel. Mr. Kerviel was sentenced to three years in jail and ordered to pay SocGen 4.9 billion euro in damages. Yes, that’s right, 4.9 billion euro. That’s going to mean shopping at discounters for Mr. Kerviel, at least for a few years. Remember, he’s the guy who got fingered as a rogue trader, and one that happened to lose almost 5 billion euro. Oops.

Tuesday, February 12, 2013

L'Oréal May Be A Beauty But Barclays Is A Crime Ring

Barclays von Dpa-afxEN_cac

L'Oréal (EPA:OR) succeeds because we are narcissistic monkeys, but how can anyone buy shares of Barclays (NYSE:BCS)? That criminal organization posing as a bank should be torn apart. The Libor-rigging rip-off, as Scott put it, is just the latest in a long list of crimes against humanity. Yes, that’s right, crimes against humanity. The number of people Barclays has sent to an early grave is incalculable—it’s such a sticky web of deceit and greed—but rest assured that the figure, whatever it may be, will grow exponentially in the years ahead. I’ll take mascara-wearing monkeys any day over Mr. Jenkins and his gang of banksters. 

And gold is just above $1,650, so maybe my massive position in Agnico-Eagle Mines (NYSE: AEM) will be okay. I’m a bit nervous here.

And what the heck, did you use a different setting on the camera, Scott, or did you shrink?

Monday, February 11, 2013

F'ing ROGAINE® Works! Look At That Hair!

Bankia Shares Jump, Novo Nordisk Down Big von Dpa-afxEN_cac

Man, whatever hair product Scott’s using, it’s working, let me tell you. I wish I was in Cologne but I’m stuck in Frankfurt today. And hey, a little criticism: Bankia’s a penny stock, so why even bother talking about it?

Thursday, February 7, 2013

Sunday, December 23, 2012

DAX To Double! Okay, I’m In!

Maybe the pullback Yves talked about has started. I don’t see the DAX dropping all the way to 6,000, but I could see it going to 6,500. Around that level I’d double down on my Commerzbank AG (CBK.DE) position.

All-time new highs for US and many of the European indices are coming and they’ll be made in the next couple of years. I’m going to bank on that. Give us some more Yves, Scott. Nice vid.