by Jack
From a story in the ER today: Somebody from the Salvation Army brought some old bullets in a card board box to the police department . Apparently this came to them accidentally in the form of a donation and because the munitions were old and corroded this required a bomb robot, the EOD team, and a total evacuation of the police
Continue reading “Munitions Scares Police – Office Closed!” »
Posted by Jack
These are rarely seen photo’s of a fabulous Chevy car collection in a private warehouse in Floriday. Click on this link and enjoy the tour!
THE 10 COMMANDMENTS – The real reason that we can’t have the Ten Commandments posted in a courthouse is this — you cannot post ‘Thou Shalt Not Steal’ ‘Thou Shalt Not Commit Adultery’ and ‘Thou Shall Not Lie’ in a building full of lawyers, judges and politicians … it creates a hostile work environment.
by Dan B.
I don’t know whether to blame hedge funds or not, but I keep looking for a secret force behind all this global economic crisis. I can understand how the mortgage industry in the US made a lot of bad loans to deadbeat borrowers, either negligently or deliberately. And I can see how that bad paper might have repercussions throughout our financial system. But how could that affect the global economy to such a huge extent? Economic losses throughout the world are as high or higher than in the US.
You (Post Scripts) recently had a post saying that the stock market in Russia is off 75%. I don’t think many Russians were investing in Countrywide mortgage. It is the same in almost every country — Spain, Italy, France, even in non-capitalist countries like Venezuela and Iran. I read an article in the paper yesterday that said that inflation in Zimbawbwe is so high that all consumer prices are doubling every 31 hours.
I think there may be some unseen enemy at work here.
Continue reading “<font color=blue>WHO’S BEHIND THE MELTDOWN?</font>” »
posted by Jack Lee
(Bloomberg) — The global hedge-fund industry lost $100 billion of assets in October, according to an estimate from Eurekahedge Pte, as firms including Sparx Group Co. were hammered by investor withdrawals.
Continue reading “Hedge Funds – <font color=red>Worst Loss Since Great Depression” »
There is cautious optimism. After all, it’s just one case. One man. But that one man did have AIDS and now he doesn’t. The unidentified 42-year-old American man who is living in Berlin, Germany, appears to have been cured of AIDS. Twenty months ago he received a targeted, genetically-selected bone marrow transplant that is typically
Continue reading “AIDS CURED? Amazing Case Revealed!” »
Posted by Jack Lee
Do you have questions about the stock market? Send them in I’ll do my best to answer them. I have access to some of the best sources you’ll find anywhere.
As early as last summer the idea of the VIX staying above 50 was almost laughable, it seemed so unlikely. But, nobody is laughing now, in fact people on Wall Street are getting down right scared. For more than 5 weeks the VIX chart has been above 50, and 30 was considered high! The VIX has not stayed this long above 50 since the Great Depression and this has a lot of folks worried and rightly so.
The VIX indicator is a forecasting tool and it’s telling us the market will likely move up or down 3% in a day and the market has been moving 3% in a day. This kind of extreme volatility has chased major players away from options and the stock market. It’s also has taken its toll on the average stockholder who has been slow to take money out of the market, hoping it will turn around and thus recoup losses. Even these buy and hold types are fading fast.
Analysts expect the VIX to stay high until at least January. As the market shakes out the weak kneed players stability will gradually return, but when and where the bottom will be nobody knows.
by Jack Lee
The UC Board of Admissions and Relations with Schools (BOARS) has proposed eliminating the SAT subject test as an admissions requirement for UC schools. In addition they want to lower the acceptable GPA to a 2.8 GPA. This is a C student.
They fear this will only be seen as an attempt to reinstate affirmative action through another means.
Well isn’t it?
The UC system is one of the most prestigious university systems in the world. A degree from one of the many fine University of California schools up till now meant better job prospects and higher pay. But, apparently the BOARS fear too many smart people are applying and graduating and that is unfair to those who are not so smart. They want to level the playing field for fairness, they want everyone to have a college education. Sorry, but that is not how the world works. Not everyone is entitled to or even capable of, obtaining a college education! If we do that a college education loses it’s value.
The Board of Admissions and Relations…two words – educated idiots.
BRIEFING.COM] Just hitting the wires, September business inventories were down 0.2%, which is below the consensus forecast of a 0.1% decline. The prior reading was revised lower to a 0.2% increase.
by Jack Lee
“The situation is likely to get worse before it gets better,” said Nick Kounis, an economist at Fortis in Amsterdam. “There will be no real recovery before 2010.”
Russian stock market loses 75% of value! On Sept. 16, Moscow’s largest stock exchange, MICEX, fell by a whopping 17.5 percent, making our stock market gyrations look mild. The rival RTS exchange was down by 11.5 percent. This has created panic in Moscow and this crisis threatens to reverse the gains for democracy and capitalism. A hint of what lies ahead came last July when Russian Prime Minister Vladimir Putin made an unexpected public attack on Russia’s largest steel producer accusing them of price fixing. This was taken as an effort to divert attention away from government failures and also set the stage for nationalizing companies should the economy continue to spiral down.
Update: 07:14 a.m. DOW off 141 in early morning trading.
Continue reading “30 NATIONS NOW IN <font color=red>RECESSION!</font>” »
