Saturday, March 14, 2009

Bernard Madoff, Trust in Markets, and More

* Investor Trust - I recently did a short segment for First Business TV and was asked if Bernard Madoff's confession and jailing would help restore investor confidence. My reply was that confidence has not only been broken with respect to regulation and enforcement, but with the entire notion of buy-and-hold. Professional money managers are fleeing to lower risk strategies, less leverage, and more liquid markets. That is not a trend that will turn on a dime.

* Setups - I've been posting quite a bit on recognizing the structure of market days. Getting that call right on whether we're trending or range bound is half the day trading battle. After that, it's a matter of mastering execution on three basic setups. I'll be focusing on that in future posts.

* Mentorship - In case you missed my Twitter link, here's the post on the mentorship program that Charles Kirk is offering. Great opportunity, IMO.

* Sentiment Data - My recent post took a look at Data Explorers and their unique measure of stock and sector sentiment. Here's a paper that investigates the results of a trading strategy that utilizes those data.

* Big Themes - This is a very worthwhile article touching upon earnings weakness, problems in Japan, and competitive devaluation from Switzerland.


Eliot said...

Did I hear Proskauer Rose is involved in Madoff (involved many clients too) and acted as Allen Stanford's attorney. Investors who lost money in these scams should start looking at the law firm Proskauer's assets for recovery. First, Proskauer partner Gregg Mashberg claims Madoff is a financial 9/11 for their clients. Then, Proskauer partner Thomas Sjoblom former enforcement dude for SEC and Allen Stanford attorney, declares PARTY IS OVER to Stanford employees and advises them to PRAY, this two days before SEC hearings. Then at hearings he lies with Holt to SEC saying she only prepared with him but fails to mention Miami meeting at airport hanger. Then Sjoblom resigns after SEC begins investigation and sends note to SEC disaffirming all statements made by he and Proskauer, his butt on fire.

Proskauer Rose and Foley and Lardner are also in a TRILLION dollar FEDERAL LAWSUIT legally related to a WHISTLEBLOWER CASE also in FEDERAL COURT. Marc S. Dreier is also a defendant in the Federal Case.

The Trillion Dollar suit according to judge Shira Scheindlin is one of PATENT THEFT, MURDER AND A CAR BOMBING. For graphics on the car bombing visit

The Federal Court cases

United States Court of Appeals for the Second Circuit Docket 08-4873-cv - Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al. - TRILLION DOLLAR LAWSUIT

Cases @ US District Court - Southern District NY

(07cv09599) Anderson v The State of New York, et al. - WHISTLEBLOWER LAWSUIT

(07cv11196) Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al.

(07cv11612) Esposito v The State of New York, et al.,

(08cv00526) Capogrosso v New York State Commission on Judicial Conduct, et al.,

(08cv02391) McKeown v The State of New York, et al.,

(08cv02852) Galison v The State of New York, et al.,

(08cv03305) Carvel v The State of New York, et al., and,

(08cv4053) Gizella Weisshaus v The State of New York, et al.

(08cv4438) Suzanne McCormick v The State of New York, et al.

Mac Ambo said...

THERE MAY BE SOME BENEFIT AFTER ALL; See James Petras commentary:

goldbug42 said...

Everyone has been betrayed on a colossal scale and we must defend ourselves by exiting all assets and hunkering into cash. We've been betrayed and lied to by bankers, politicians, military brass, and corporate chiefs. By the way, cash is prescribed in that perfectly crafted document called the US Constitution. Gold & silver are the only forms of money that can legally satisfy debts public and private.

My rational and considered belief is that gold, as well as crude oil, will be anchors to the next global reserve currencies. What better route to stabilize both financial and commercial price systems? The following article will give you a good idea of where we're headed in this global calamity: