Barry Ritholz:
The bankruptcy report on Lehman is both revealing and damning. Once again, the investing public learns — after the fact — the basic truisms of modern markets:
-Major accounting firms are worthless to investors. They were either unable or unwilling to detect fraud amounting to 50 billion dollars. The incompetents at Ernst & Young deserve the [...]
Behold!
I present to you the newly updated iBC Dictionary 2010 Edition. This year there were 25 new additions (well, 27 if you count the tiers of rape), which are colored green (compared to last years were orange). Presenting:
Broken Robot
BTFO
Burlap
Chopping Carrots With Your Balls on the Table
HORATIO CLAWHAMMER
Cock and Balls Formation
Dollar Dominatrix
Dollar Drama
Egregious
FAZtard
FTK
FTK’d
The Fly
Le Fly
Full Retard
Get [...]
Nice late day, “you’re dead,” trading on the SPY there, but overall, a strong gap up, yada yada, I’m sure someone else can tell you all about it.
With reguard[sic] to record highs, I am of course referring to the record amounts of Jim Cramer n’ Pals at The Street.com spam that I can look forward [...]
I got this comment from Alex yesterday, and was going to reply in the comments but decided to make a post about it since it will probably benefit everyone.
I’ve been trying to put together a set of indicators to use in conjunction with one another to create a more stringent set of rules for entries/exits [...]
I checked my P/L for the day just now and got a nasty surprise.Ă‚Â Turns out, they think I’m long GS.Ă‚Â Oh and my cost basis, on this mythical trade?Ă‚Â Yesterday’s high!
Now, you can probably imagine the WTF moment, since…I never bought GS, let alone yesterday, let alone at the high.Ă‚Â Like, this is a [...]
It just gets better an better.Ă‚Â Maybe I do have tickets to the show after all.
Jim Goldman (see bullshitter), Obsolescence Valley Bureau Chief.Ă‚Â It does reek of CNBC rightsize.Ă‚Â Anyhoo…
coming up short?
BAC forgot to carry the 9 on their pending abortion absorption of Merrill
link
HSBC Madoff’d (see Madoff’d)
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India/Paki tensions run high, like the ganges
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I grow [...]
