The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

trading sense for Dollars

August26

so…

recently the German stock market, also known as the DAX, fell sharply at two hundred fifty points that really only equaled less than two percent (2%), quickly recovering from four percent (4%), in a matter of minutes – and, seemingly without cause or reason (they can be different especially if there is a purpose). read more about that, here.

global indexes followed also – all seeming without legitimate explanation. oddly this happened right on the heels of Warren Buffet investing five billion ($5B) dollars into the shame-drenched Bank of America. more about that, here.

NOTE: I’m evaluating Mr. Buffet right now. he essentially bails out Bank of America for their bad behavior. this is the same fellow that says certain people in this country need to pay more taxes. but, this man has a perspective shared by few others. I can’t say today it’s (that unique view) good or bad. but, his perspective is different than almost everyone else’s. and, both things equal bandaids and less so long-term solutions (although Bank of America appears to be bailed a lot with the word taxes being involved – directly, or indirectly). maybe Bank of America needs to be run-to-ground with its executives being held in the spot-light, and we should consider paying less taxes and focus more on responsible spending. seriously… how do most of you run your own households?

QUESTION: many of the Bank of America executives received HUGE bonuses in the last couple of years. how many of them invest with Mr. Buffet?

…I’m just asking.

last week, our own New York Stock Exchange took a precipitous dump after generally good market news. although the media failed to elaborate, we know this ostensibly occurred due to “algorithms” and certain trading protocols driven by murky economic data that may-or-may-not be self-serving (to someone).

this means a computer (or, something like it) measures activity, somewhere and somehow then makes a cold calculation to buy or sell certain stocks or interests in commodities.

have you bothered to notice that most of the shenanigans occur during “after hours” trading?

so… who actually approved algorithmic and after hours trading? and, how is it monitored to keep things fair? oh… and, who defines what is fair?

what few people (the hell with “pundits” like the self-serving cultural terrorists idiots on MSNBC) will actually talk about is that these algorithms create buying opportunities for certain types of people that most of you don’t know and also don’t care about you, collectively.

consider this… stocks like Apple (AAPL) seem immune, for the most part, to predatory speculation, like that. people can still buy that stock and reasonably expect it to help them plan for the future. I believe it could be worth one thousand dollars ($1,000)a share afore too long. but that stock is in the spotlight for many other reasons. for Gods’ sake, the company has over seventy eight billion ($78B) in cash reserves. they could bail-out this country because they actually understand how to run something successfully, unlike our own government. so, it’s behavior tracks to reality, whereas stocks driven by algorithms react to insidious stimulation by people commonly referred to as, “they” or “them”.

keep thinking about this and remember, one day, I brought it up.

peace be to my Brothers and Sisters.

brian patrick cork

Brian Cork on those Wall Street Rascals

September16

So…

Last year Investment banks like Lehman Brothers and Goldman Sachs reported record earnings and executive bonuses that were off the charts.

Today Goldman and Lehman are history (and Merrill Lynch is tottering on the brink).

Much of this is, obviously, driven by the mortgage/ banking (scam) crisis.

This is going to go down in history as one of the biggest jaw-dropping shennanigans in our country’s ironic history.

To wit…

The “Feds” have signaled to corporate insiders/1 (especially in banking) that they get one opportunity to REALLY come clean over balance sheets.

All the press we are seeing is a signal that Boards will soon be enforcing the practice of nuking 10-K’s and 10-Q’s around massive write downs.  In fact, they will over compensate and make the balance sheets worse than they need to be.  This will, in turn, enable Wall Street to take banking stocks to new lows.  Then of course, traders will take positions in those stocks during after hours trading – and, drive them back up with nonsensical news on (for example) MSNBC.

This makes as much sense as Apple stock derailing on Mortgage industry news – right?

I am not angry or bitter.  I am insightful.

Just watch.

Its what you don’t see that will kill you.  But, if you are prepared, you can make informed decisions.

Peace be to my Brothers and Sisters.

Brian Patrick Cork

_________________________

1/ This means selected people they went to school with.

What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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