I should have just called this the “M-Link Post”.
Fine With Me
I don't know why I read so much monkey dung on the
internet.
I guess it takes a dung
chucker to know one.
Recently I read
about
CME Group fining Goldman Sachs for not overseeing one of their traders...four
years ago.
The fine was to the tune of
$875,000.
It's usually the big dollar
amounts that catch my eye and draw me into the "vortex" of
BS that I sift through on a daily basis.
Thinking about it, I guess if you took home
$10B (B for billion) for the year like "The Gold Sachs Casino", the 875,000
dollars doesn't seem like such a large number.
In fact, if you take home between $50,000 and $100,000 per year that
fine would amount to somewhere between $4.38 to $8.75.
Assuming you have a broken moral compass, how many
rules would you "bend" for guaranteed profit knowing that the penalty
would cost you only ten or twenty pounds of bananas?
Danger! Hard Hat Area
The only thing I like better than being on the right side of
a market meltdown is being on the right side of a meteor “flyby” or direct hit
for that matter.
If you happened to miss
the 35,000 meteorites that have fallen since 2500 BC, check out the short
intro to the Carlo Zapponi bar chart at Flowing Data, or go straight to the action
here.
Go Away in June, No Wait…
Speaking of meltdowns, I was sure that MensaMonkey was
hibernating through the summer but he suddenly sprang to life with a quick QID
buy the other day and just as quickly swung into the QQQ’s today. It’s clear that this years market
indicator is trend-following nothing and has been trying to front-run the
market…and with pinpoint accuracy…if you invert the picks that he has made since
the beginning of the year. (Oops, my bad, as Dr. Frankenstein once said.) Has MM finally blown his flux capacitor? Does he think he can now predict the over-reaction
to tomorrow’s non-farm payroll report? I
have a sneaking suspicion that MM was looking at an S&P bounce off the 50-day moving average. I will have no
choice but to take the credit if he is right.
Madoff See, Madoff Do
I don’t care what anyone says; when Bernie Madoff talks I
usually listen.
I can tell you that Bernie
Madoff has never stole anything from a monkey, rich, poor or otherwise. Nothing
wrong with a Ponzi scheme until the “music” stops, right? Wall Street has been infused with
cheats, thieves, and all sorts of “greed is good” pond scum since the beginning
of time.
I’ve had my shots and get plenty of Vitamin C so it doesn’t
affect me.
Back when I was a beach
monkey I had spent some time in
Hanalei…you know, where
Puff the Magic Dragon
is from.
Last time I was there, I
remember following a story in the local paper about
a little kahuna trying to put a spin on a Madoff scheme... Hawaiian style. Things didn’t wind up so well for him.
You've got to hand it to Bernie, at least he’s
doing his time. Read the recent interview:
