SubscribeAudio: Dvorak/Horowitz Unplugged #3
September 28, 2008
From John C. Dvorak’s site:
Here is the third conversation I had with stock picker Andrew Horowitz about the post WAMU/debate market and where it is headed. What to do? This chat is not produced and presented as-is for anyone who wants to listen in.
Click HERE to listen in….
Links and Reading for September 28th
September 28, 2008
A few of the more important reading items and links for September 28th :
- Hedge funds suffer as short selling ban disrupts strategies - The short selling ban has boosted shares of many financial companies, but it's roiling the $2 trillion hedge fund industry.
- U.K. Set to Nationalize B&B - After months of searching for a private buyer, the government now plans to take control of the mid-sized mortgage lender and may then sell off pieces to other banks,
- Sale or Break-up of Fortis Possible - The apples and the lemons are falling from the trees
- Towns that could be hit hardest by crisis - Funny, I spoke to BusinessWeek months ago about this… I suppose they did not think it was important
- Bailout close…. - Close only counts in horseshoes and handgrenades
New York is doomed, then it gets worse
September 28, 2008
First, watch video, then read commentary. Interesting developments….
Below is the text from a recent MSNBC article that corroborates my thesis. Note that the video is from early August, 2007. The media is way behind, as usual. Read more
TDI Podcast 76: Bush Betting on a Bailout Bonanza
September 28, 2008
Guests: President George W. Bush and Bill Fleckenstein both have discussions about the bailout. Come listen in to 
a mashup of Andrew and President George W. Bush and then Andrew has a terrific conversation with Bill Fleckenstein exploring his brilliant commentary on the markets and his thoughts on the bailout.
Bill Fleckenstein is the president of Fleckenstein Capital, which manages a hedge fund based in Seattle and author of Greenspan’s Bubbles : The Age of Ignorance at the Federal Reserve. He also writes a daily Market Rap column on his Fleckensteincapital.com site as well as the popular column Contrarian Chronicles for MSN Money.
LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES
We have some fun with an audio mash-up as Andrew interviews President George W. Bush and poses some important questions:
- What is the exact cost of the bailout?
- When is it going to be signed into law?
- Who pays for it?
- How did we get here?
- Is this really going to help?
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Stocks discussed in this episode: Apple (AAPL) , Research in Motion (RIMM), Goldman Sachs (GS), Wachovia (WMB), Washington Mutual (WB), Microsoft (MSFT), Mosaic (MOS), Potash (POT) Proshares Ultra Financials (SKF), MasterCard (MA), Visa (V)
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Interested in The Disciplined Investor Managed Growth Strategy?
Check out the virtual online tour of the strategy HERE
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Morgan Stanley’s “Private” Email to RIAs
September 27, 2008
Isn’t it terrible that even before I read this I was looking for where the lies and the manipulative discussions were hidden? I am on high alert as I feel lied to and cheated and surely I am not alone.
Below is a note that appeared in my email this morning and I though that it would be interested to review and dissect. See below with inline comments.
Dear Registered Investment Advisor,
I am writing to update you on two significant announcements that Morgan Stanley made on September 22, 2008. First, the U.S. Federal Reserve approved our application to become a Federal Bank Holding Company. As a result, Morgan Stanley will become the fifth largest Bank Holding Company with almost $1 trillion in assets and will be regulated by the Federal Reserve. Second, we entered into a letter of intent for a global strategic alliance with Mitsubishi UFJ Financial Group, Japan’s largest banking group and the world’s second largest commercial bank with more than $1.1 trillion in deposits.
Good news here as they now have the blessing of the U.S. government to feast on the rotting carcasses of the smaller and regional banks. International companies will continue to have a greater stake in our financial system. Read more
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