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March 2009

Recs

6

Plea deal for Madoff?

March 08, 2009 – Comments (2)

There is talk of a plea deal for Bernie Madoff. Unless it involves life imprisonment for him and a forfeiture of money held in his wife's name and kids' names the prosecutors themselves should be fired.  There is NO doubt that the 62 million his wife is claiming are proceeds from his scam.  I haven't heard much about his sons, but there is no doubt in my mind they were involved and any money held in their name are proceeds from his scam. If the proscecutors want to be LAZY and cut a deal that leaves that money safe in Madoff's wife and kids's name then fire them.  Fire them now, before they prove that in the end big time  crooks still win.  So if I can steal billions to insure my family is financially secure, what the hell.    [more]

Recs

7

Alstry v Goodvibe

March 06, 2009 – Comments (1)

First this is not meant as a knock on GV.  He is taking a position, trying to argue in favor of it in a passionate yet good intentioned way.  And as much as it pains me to say, Alstry has actually been more accurate short run.  He predicted a 500 point drop last Friday, which it pretty much had done but took a couple days, and followed that with a 600 point drop prediction, which we are basically halfway through.  GV kept saying rally due.  Alstry has been spot on short term.  Who cares if we see a 500 point rally if it cost us a 1000 points in order to get it.  [more]

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