JDShots' Blog : Latest entries

In attempting to explain why we are in the mess that we are in, I have come to a very stark conclusion.  I would not have ever considered this before the last year or so.  As a technical analyst and systems engineer for more than two decades, it is my nature to understand the cause and effect of important issues.
I play the "devil's advocate" and attempt to argue both sides of a subject, to better understand it.
It seems to me that there is a concerted effort to destroy the freedoms …

All of the economic news today is bad, except the NFP prints, which everyone knows are just due to BLS number fudging with seasonal adjustments, birth/death rates...and the market opens up almost 2%!?!
It is also well understood that any good news from Eurpoe is bogus and based on fantasy.
So what gives?  What do THEY know that we don't (yet)?

3J is in second, and there are three (start's with) J's in the top three spots.
Johnny B Goode

Moody's is about to junk virtually the entire Spanish banking sector, as was widely expected.The downgrade is expected to happen within hours.
http://www.zerohedge.com/news/moodys-junk-spanish-banking-system-hours
 
 
 
 
 
 

LMAO
Peter Burke - CEO of Global Century Investments explains in a refreshingly honest way how he rips off his clients in order to make large profits.
http://youtu.be/_GS_pvhcI5c

Longing Google and Redhat; shorting Apple and Microsoft.
Can't get enough open sores!

From The Chart Store, courtesy of The Big Picture
<a href="http://www.ritholtz.com/blog/2012/05/market-capitalization-as-a-of-gdp-2/">Market Capitalization as a % of GDP</a>
<img src="http://www.ritholtz.com/blog/wp-content/uploads/2012/05/5-18-12-Market-Cap-1.gif" width="671" height="503">

If this site ever fixes their math problems, we might pickup another twenty users (but who cares about the market anyway).
Since I am autofellatio-challenged, I can spend time here, making awesome picks (such as shorting FB eventhough there are no available shares to barrow -yet).  Woohoo!
All joking aside, congrats and good luck!

EU Checklist
Date: May 23, 2012
Author: Barry Ritholtzhttp://www.ritholtz.com/blog/2012/05/eu-checklist/Doug Kass points out this “comprehensive checklist of the eurozone challenges” from Omega Advisors (and former Goldman Sachs strategist) Steve Einhorn.
As Doug notes, “it is a template upon which we can all monitor and measure ‘the progress of eurozone governments/ECB/IMF in addressing the challenge….
It will help us understand whether the problems in the EU …

Humans are using resources at such a pace they need another world to meet demand for land to grow crops and forests and raise animals, WWF International said.
“We are using 50 percent more resources than the Earth can provide, and unless we change course that number will grow very fast. By 2030, even two planets will not be enough.”
“Similar to overdrawing a bank account, eventually the resources will be depleted,” the study’s authors wrote. “At current cons…