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| Worst...Week...Ever!? If the Comic Book Guy character on "The Simpsons" were an economist, this might be his characterization of the next five days: Worst...Week...Ever! Publ.Date: Mon, 17 Nov 2008 12:43:48 EST Source: CNN.com The trouble with mutual funds As you cringe over your mutual fund statements, you may be thinking, "This can't possibly get any worse!" Think again. Publ.Date: Thu, 06 Nov 2008 11:45:00 EST Source: CNN.com Captain's Blog, Stardate: 3/3/08 THE SHOW: Are we having fun yet? Me neither. My old pal Deep Blue keeps writing me about various stocks and such that might have upside, but then acknowledges it's hard to imagine much of anything working this year. Except cash, and you better hope that's real cash and not some sort of 'cash equivalent.' Still, there will be winners and losers. I'm sorry I know there will be fits and starts but I really don't see the non-dollar commodity run crashing on us. (See Buffett, Warren on the Brazilian real.) Gold is the new greenback kind of deal....Kudos to hedge fund manager Phil Goldstein who is suing the S.E.C. to lift its ban on advertising. It's just garbage that the hedgies can't do this, and garbage that they can't publically release their returns either. (We all find out, anyway.) All of this is just a holdover from when hedge funds were a tiny, exclusive slice of the financial services pie. Newsflash: they no longer are! Goldstein told the FT: "gun shops are allowed to advertise, the Massachusetts state lottery is allowed to have a website. We want to be treated like any other business." Now obviously there has to be a limit on hucksterism here, but mutual funds and broker dealers abide by those types of limits just fine. Bring on the hedgies I say!......Guess Jarrett Lillien didn't get the brass ring at Etrade. (Don Layton, formerly of JP Morgan Chase did.) How often do 'acting' heads ultimately get the job?.......Questions: Is Dell over? Is Google over? Is Facebook over before it started? See what some nasty economic weather can do to your brain! Publ.Date: Mon, 03 Mar 2008 17:44:05 EST Source: CNN.com |