Now she truly represents the USA!
But she better watch her back!
She'll go down faster than the plans for the Muslim mosque at the 9/11 site.
Don't look for the camel toe!
Monday, May 17, 2010
Miss USA a stripper?
Now she truly represents the USA!
But she better watch her back!
She'll go down faster than the plans for the Muslim mosque at the 9/11 site.
Don't look for the camel toe!
X marks the spot
Tiger's lastest mistress
Bottle service anyone?
Saturday, May 15, 2010
Barrons: Commercial Real Estate buyers are lining up
"The flow of capital to the property markets is staggering," Barry Sternlicht, chairman and CEO of Starwood Capital Group, said last month. (You can hear him by going to www.milkeninstitute.org and playing the Monday, April 26, video from the Milken Institute Global Conference session titled, "Reviving the Global Real-Estate Market.")
Sternlicht's company owns 17 million square feet of office space and 13 million square feet of retail space, and it manages $12 billion for investors. But he says "tourists" desperate for yield are bidding up prices of real-estate investment trusts and physical properties. He tells of a recent Federal Deposit Insurance Corp. property sale that fetched 81 cents on the dollar, compared with the 51 cents he had been prepared to pay. The "tourists" include Asian investors, and Middle Eastern investors returning to the U.S. market because President Obama is perceived as Arab-friendly.
THE FRENZY IS AS IRRATIONAL as any spawned by Bernanke predecessor Alan Greenspan, because office and retail-store vacancies are near all-time highs. "This isn't the healthiest thing in the world. People already are paying for future growth," Sternlicht warned. He predicted that a lot of money will leave the market after the November election, because the Fed will then have to raise rates by two to three percentage points.
One reason for the frenzy: Investors are desperate for yield. Another: The supply of distressed retail and commercial properties is constrained because so many are the collateral behind commercial mortgage-backed securities, which take a long time to unwind...
Real-estate lawyer Lew Feldman, who moderated the Milken conference panel, represents many of the top REIT players and has intimate knowledge of the biggest transactions. Feldman, chairman of the Los Angeles Office of Goodwin Procter, says that investors justify paying high prices because they believe they are hedging against almost certain inflation. Not only would land values climb in inflation, they argue, but rents could be raised.
Feldman says he recently learned of a $135 million foreclosure that a bank expected to sell at auction for about $85 million and, possibly -- if it were exceedingly lucky -- as high as $95 million. But after 41 aggressive bidders showed up at the bank's front door, the property sold for close to par value.
Friday, May 14, 2010
Lebron leads Cavs to--whoops!!
"It's all about winning for me. The Cavs are committed to doing that, but at the same time, I've given myself options at this point."
Maybe he'll be able to win at the Garden. Spike Lee is finally rejoicing.
Thursday, May 13, 2010
Put Cramer in the "Sell block!"
Cramer said his five leaders include Deckers Outdoor (DECK), Intuitive Surgical (ISRG), Salesforce.com (CRM), Chipotle Mexican Grill (CMG), and Apple (AAPL), a stock which he owns for his charitable trust, Action Alerts PLUS.
Cramer said these five stocks are bringing huge new money back into the markets, as these companies can transcend the woes of Europe and a slowing China to deliver unrivaled growth. "These stocks don't need Europe in order to lead," he said.
So let's look at the charts:
Today they got help from Cramer.
I just don't buy the idea, that these over owned, and over talked about names are now the must own stocks that you need for your portfolio, as advertised by Cramer, who worships at the altar of momentum!
So sell into Cramer's tip/top!
Heck why didn't Cramer tip Netflix while he was at it?
That's another name that has an exhaustion gap!
And because we've seen this movie before!
Wednesday, May 12, 2010
The Aw-Schucks bill
WASHINGTON—Securities and Exchange Commission officials are calling it the strictest regulatory reform since the Great Depression: CEOs of major financial institutions will now be required to humbly shrug and smile sheepishly before accepting huge salary bonuses.
The new regulation, SEC rule 206(b)-7, will reportedly target Wall Street executives who accept disgustingly bloated annual payouts, forcing them to raise and then lower their shoulders in a manner that conveys a mild degree of humility or a sense of "Aw, shucks. Who? Me?"
"This sweeping new reform sends a clear message to fat-cat CEOs at firms like Goldman Sachs and AIG," SEC chair Mary Schapiro said Monday. "Never again will they be able to receive massive bonuses unless, at a minimum, they flash a gee-I-don't-think-I-should expression and say something like 'Well, all right, but only if you insist' first."
"Mark my words," she continued, "The days of greedy, out-of-touch executives pocketing outrageous $40 million bonuses without acting slightly embarrassed about it are over."
I suppose you didn't think they would attack high frequency trading would you? Where they give those players all your trading intentions!
THEMIS -- Data Theft On Wall Street -- 05.11.10 -
Investigators: Why does Obama have a Connecticut Social Security number?
In addition, the records indicate the number was issued between 1977 and 1979, yet Obama's earliest employment reportedly was in 1975 at a Baskin-Robbins ice-cream shop in Oahu, Hawaii.
WND has copies of affidavits filed separately in a presidential eligibility lawsuit in the U.S. District Court of the District of Columbia by Ohio licensed private investigator Susan Daniels and Colorado private investigator John N. Sampson.
The investigators believe Obama needs to explain why he is using a Social Security number reserved for Connecticut applicants that was issued at a date later than he is known to have held employment.
Tuesday, May 11, 2010
MCC fails on HFT again
"Why did you guys reduce liquidity?" says MCC?
Grasso, "Michelle, I love you despite not having common sense on this issue."
Today Playboy came out with a 3-D version.
Now what did CNBC anchor Maria Bartiroma say about 3D sex? Besides being surprisingly and giddily curious?
Oh wait--CNBC removed that video from www.youtube.com for a TOS violation!
The point is, CNBC anchors would be better off asking about Hefner's 3D magazine than having MCC debate high frequency trading--a subject she knows nothing about!
Maybe MCC should try that job!!
Warren Buffett on Moody's sales "No comment"
NYT
According to regulatory filings, Raymond W. McDaniel Jr., Moody’s chief executive, sold or exercised options worth about $4.3 million on March 18, the same day that his company received the Wells notice.
Moody’s shares closed at $29.66 the day of Mr. McDaniel’s sale, near their high of $30.54 so far this year. Moody’s shares have traded as low as $18.50 over the last 52 weeks. On Monday, the shares fell as much as 12 percent, but finished the day down 7 percent at $21.77.
Moody’s said Mr. McDaniel’s sales in March were part of a prearranged plan established about a month before the Wells notice arrived.
Berkshire Hathaway, the investment vehicle for Warren E. Buffett and a major Moody’s shareholder, also sold more than one million shares worth more than $30 million on March 19, March 24 and March 26. The sales represent a small portion of Berkshire’s overall stake in Moody’s. Berkshire did not return a call seeking comment about its sales. A spokesman for the S.E.C. would not comment on Moody’s disclosure.
What ever happened to "Moral Hazard?"
And throw a trillion dollars at Europe--and do it in a day?
Which leads some to question where is the money coming from:
The provenance of the actual money is questionable. There are two plans under consideration here: 1. An extension of an already existing fund which was already used to help Latvia, Hungary and others by Eur60bn. 2. A far bigger plan to pledge around Eur 440bn of bilateral loans from eurozone members to support each. However, there is very little detail at all on where the money would come from, and the detail we do have is slightly suspicious (for instance, the fact that the euro members need to set up Special Purpose Vehicle to do this is not at all encouraging). The IMF has also apparently pledged to provide a further slug of cash – up to Eur250bn – and this money, should it actually arrive, is more solid. The first segment will affect the UK, but Britain, as a non-member of the euro, can opt out of the second.
This (bigger) plan is nowhere near approved by euro area governments. It involves significant further integration, so is very unlikely legally to be able to be pushed through without the approval of EU members. Given the no votes to the EU constitution from France and the Netherlands (and Angela Merkel’s defeat in the Bundesrat elections), can we really be assured of getting this approval? Moreover, there is big potential for legal challenges to the plan. The IMF will also have to approve the disimbursement, and one should not take that for granted either.
This could fatally undermine the European Central Bank – and potentially monetary policy for the eurozone.
Fake drug test results by NYPD technician
A technician in the NYPD's forensics lab has been suspended for allegedly falsifying drug-test results, throwing into question "maybe thousands" of criminal cases -- and prompting a panicked meeting yesterday between cops and the city district attorneys.
A Bronx drug trial was even abruptly halted last week because the longtime lab technician, Mariem Megalla, was supposed to testify in that case, sources told The Post.
Megalla, 57, is accused in one case of falsely labeling a sample of suspected drugs as positive for cocaine after it actually tested negative -- because she allegedly didn't want to walk to another part of the building and fill out paperwork to have it tested further, the sources said.
The case involved her testing 84 glassine bags of suspected cocaine. After 38 of the bags tested positive, the 39th came back negative, sources said.
But rather than having it retested, she simply peeled off the positive label from the 38th sample, allegedly slapped it on the 39th and retested the 38th herself, knowing it would come back positive, and got that new label and put it on the 38th sample, sources said.
In another case, she is accused of labeling as positive a crack pipe that had tested negative for drug residue, again to save her time and work, sources said.
States banking on vice for revenue
Voters and politicians in Ohio used to slap down attempts to expand gambling in their state. But last week, many cheered as demolition crews razed an old auto-parts plant in Columbus to make way for a new casino.
Facing high unemployment and the aftermath of a $3.2 billion state-budget shortfall, Ohioans voted to allow casinos in November. Gov. Ted Strickland dropped his longtime opposition to video lottery machines, proposing to add them to racetracks to generate new tax revenue...
For fiscal 2011, 38 states project combined budget shortfalls of $89 billion, according to the National Conference of State Legislatures, a bipartisan policy research group. Thirty-one states expect budget gaps totaling $73.5 billion in 2012. As a result, says Todd Haggerty, an analyst at the group, lawmakers are "trying anything and everything in order to bring their budgets into balance."
Oakland, Calif., began taxing sales of medical marijuana last year. Now at least a half- dozen states are weighing measures to allow some legal pot sales. Others have loosened decades-long restrictions on Sunday alcohol sales. And about a dozen, like Ohio, have discussed or passed plans to ease restrictions on gambling.
Monday, May 10, 2010
Separated at birth??
Bo's bag man, Reggie Love, said that Barack picked her name, after watching a rerun of I Now Pronounce You Chuck and Larry.
Pakistani boards flight with "massage shoes"
Officials were investigating what the components could be used for and why they were concealed...
Mohammad, a building constructor who was heading for Muscat in Oman, told investigators he bought the shoes from a market in Karachi and had no idea there were circuits hidden inside the soles.
Where's whydidibuy?
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whydibuy said... - This Palmoni makes no sense. Pretty much a mindless wildman when it comes to stocks. Why would you ever buy mpg when the mpg-pa preferreds are entitled to receive full value and accrued div paid in full before the common gets squat?? Seems to me the preferreds should be at par ( double from current price )with accrued divs on tap before even considering the common. You would even have a better chance of some capital recovery when mpg files for bk since prefs are ahead of common in the capital stack. P.S. I own neither, both issues will be worthless in bk.
Palmoni said..."everyone" knows what you are talking about in regard to MPG's preferred--except for the people that buy the stock. I know that on many occasions you come up with these cogent arguments, but for the most part, they won't make you money. The play on MPG is the equity value of the properties they own, and what that will be worth will be in 2012. The stock is a trading vehicle--I picked it up at 2.72 this morning.So let's see who makes money--you shorting it at 2.72--or how about taking the price right now at 2.90? Short it here, and let's see who is left standing
John Paulson's housing price forecast
8-12% increase for 2011
If 30% of home sales are foreclosures, and they are discounting prices by 30%, then that means foreclosures are understating the price of a home by 9%.
Therefore if foreclosures just make 15% of home sales in 2011, and they go for an average discount of just 20%, then you'll have 5% price appreciation alone.
But Paulson's pimp on housing, isn't just because he is long housing stocks; he's becoming a pimp for the Obama Administration, so the SEC will stay off his ass, at least until the November elections!
But surely his forecast will prove better than Porky Pig, who still tells us that home prices will drop another 20%.
It looks like the bull market hasn't been kind to her!
Even though in the clip above, she now tells the world that she said to cover her banking shorts in March of 2009!
Just more revisionist history by another wrong way bear!
Tiger's bulging "disk?"
Wait--She said "dick?"
If he hurt his neck, wouldn't that mean he was using his tongue?
If he hurt his neck, wouldn't that mean he was using his tongue?
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