Archive for December, 2008

One of my hobbies is shopping and observing what retailers are doing and what people are buying. At least a couple times a month, I visit Costco, Best Buy, Target, Walmart, Bed Bath and Beyond, local malls, etc. I will post my anecdotal observations as I see them.
-Keurig single-serve coffee makers are on [...]

Monday, December 29th, 2008 at 21:07 | 2 comments
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According to the last 606 filing by Fidelity, the brokerage used Madoff Investment Securities L.L.C. as a market maker. For the September 2008 quarter, Madoff executed 10.9% of NYSE, 5.88% of Nasdaq, and 20.12% of AMEX trades for Fidelity brokerage.
To be clear, this is Madoff’s market-making business not the Ponzi scheme fraud of the [...]

Wednesday, December 17th, 2008 at 11:35 | 0 comments
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Most equity markets and investments are down around 40% on the year. Let’s say housing is down 20-30% on its way down to 40%. Consequently local, state, and federal government tax revenue prospects are severely damaged.
Property taxes will go down precipitously on the decline in home values. There will be no capital [...]

Wednesday, December 10th, 2008 at 19:02 | 0 comments
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I see a lot of retail traders getting blown up by the 2X inverse Ultra-Short ETFs like SKF (financials), SRS (real-estate), and FXP (China). What people don’t realize is when you buy these ETFs, you are not only investing for a decline in the sector index, but also the day-to-day sequential pattern of price [...]

Wednesday, December 10th, 2008 at 11:34 | 2 comments
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Fund, November, YTD
Maverick 0%, -27%
Greenlight +3.9%, -19.8%
Paulson Advantage Plus +3.2%, +34%
Kingdon -4.4%, -24%
Tosca Limited -5.2%, -68%
Fortress Drawbridge Global Macro -2.3%, -23%
Citadel -13%, -47%
Highbridge Capital -2.98%, -28%
Highbridge Convertible Arbritrage -9.44%, -43.66%
Clarium -5.4%, -8.1%
Sources: WSJ, Bloomberg, Dealbreaker.com

Monday, December 8th, 2008 at 09:19 | 0 comments
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