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?I would love it if they only allowed me and a whole bunch of psychotic drunks to trade in stocks. I would get very rich,? said Oracle of Omaha, Warren Buffett, about the European debt crisis.
The first thing I noticed when Paul walked in was the few extra pounds and silvery tinge to his hair he acquired since I saw him last. He?s clearly spending too much time behind a computer writing those acidic columns for the New York Times. We?re all short dated options in the end, I thought.
?Green pictures of dead presidents suddenly have a lot of appeal,? said Art Cashin of UBS Securities.
The next step has been taken in the coming Japan crisis. American ratings agency, Fitch, has downgraded Japanese government debt to A+, with a negative outlook. The move cut the knees out from under the country?s dubious currency, sending it down sharply. Fitch expects the country?s debt to reach a nosebleeding 240% of GDP by
This trade was an unmitigated disaster, and hopefully it will be the worst of the year. I?m glad we had one of these because it provides a wonderful opportunity to illustrate everything that can go on with a trade. Every loss is a learning opportunity, and a loss not learned from is an opportunity wasted,
?Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,? said former Federal Reserve governor, Bob McTeer.
This had to be one of the greatest change of life weekends in human history, endured by one Mark Zuckerberg. On Friday, he earned $9.2 billion with the flawed Facebook (FB) flotation. On Saturday, he married a Chinese doctor and longtime girlfriend, Pricilla Chan. Then on Monday, oops honey, I lost $1.2 billion. Talk about
Holy Cow! Somehow I missed the May 4 trade alert about selling the (GLD) June $160 puts at $3.40 -- guess I didn't scroll up far enough on the ol' iPhone and only saw the alerts about (FXY) and (FXE) that day. And how happy am I that this happened, keeping me in the (GLD)
In 1933, a supporter told Franklin Delano Roosevelt that if the New Deal succeeded, he would be remembered as the greatest president in history. He replied, ?If I fail, I will be remembered as the last US president.?