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Faber hammering Goldman Sachs in CNBC Special

Posted on 10/6/10 at 8:57 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123929 posts
Posted on 10/6/10 at 8:57 pm
Hour long David Faber CNBC special on GS: "Power and Peril". Interesting documentary on conflicts of interest w/in GS and the firm's role in the 2008 market collapse. Well done piece. Does not put Goldman in a good light.

I'm sure it will be re-run. It's worth a watch.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123929 posts
Posted on 10/6/10 at 9:07 pm to
On now.
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 10/7/10 at 6:29 am to
Faber is talking about history. Everyone already knows that GS is a collection of sociopaths that will eventually, along with the other Wall St sociopaths, destroy the US economy.

Everyone knows that the Fed and Wall St are joined at the hip and have the politicians in their pockets.

Everyone knows...everyone talks about it...but no one does a damn thing about it.

The internet is great for the crooks and the pols...it gives sheeple a chance to vent, keeps sheeple sitting on their fat azzes collecting some sort of gov assistance...and keeps the sheeple from doing squat about the rape of America.

Nothing to do but get some and enjoy the show. When the sheeple's gov support stops coming or is not enough to purchase enough starch and sugar to keep them alive perhaps they will waddle to the door and yell 'I'm mad as hell and I'm not going to take it any more'...Of course, they won't know what 'It' is...they probably don't know what a pronoun is.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123929 posts
Posted on 10/7/10 at 6:58 am to
quote:

The internet is great for the crooks and the pols...it gives sheeple a chance to vent, keeps sheeple sitting on their fat azzes collecting some sort of gov assistance...and keeps the sheeple from doing squat about the rape of America.

Nothing to do but get some and enjoy the show. When the sheeple's gov support stops coming or is not enough to purchase enough starch and sugar to keep them alive perhaps they will waddle to the door and yell 'I'm mad as hell and I'm not going to take it any more'...Of course, they won't know what 'It' is...they probably don't know what a pronoun is.
Wow !
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/7/10 at 7:24 am to
quote:

Wow !
"Wow!" is right, NC.
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 10/7/10 at 7:31 am to
Now that rustazz's alter (bananahead) is not around to interfere... are you still interested in the 'game'?

Here is a links to my picks. It doesn't matter that they are futures because the prices are relative, ie, my picks now are futures and my picks as of the game end date, a year from yesterday, are futures. The game is for total dollar increase/decrease for all five picks. All assets are volitile so I don't see a disadvantage or advantage in either asset class. It's a game to me and I don't get excited about games unless I have money at stake. Of course, rustazz and pals make mountains over mole hills while missing what is important. Screw them. Advise if you want to play, I don't really care.

If you move your cursor over any item you will see a chart that covers several months.

LINK

This link will show fewer assets and has shorter term charts.

LINK



Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17185 posts
Posted on 10/7/10 at 8:08 am to
quote:

The game is for total dollar increase/decrease for all five picks


You still at it?
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17185 posts
Posted on 10/7/10 at 8:13 am to
quote:

If you want to pick, pick. If you don't want to pick, have a cup of stfu...and that is the dumbest look pic of a doby I have ever seen. Are you related?


Personal Attack. I RA'ed
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/7/10 at 8:15 am to
quote:

Personal Attack. I RA'ed


ETA:

to Admins (or Chicken).
This post was edited on 10/7/10 at 9:53 am
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/7/10 at 10:43 am to
quote:

Current prices in $ as of this am...10-6-2010

Soybean Meal 294.90

Rough Rice 1245.00

Crude Oil 82.65

Silver 22.93

Gold 1346.80


Ok, here are my 5 picks:

1,000,000,000 shares XOM: $63,410,000,000

1,000,000,000 shares AA: $12,340,000,000

1,000,000,000 shares of MO: $24,670,000,000

1,000,000,000 shares of LNT: $36,050,000,000

1,000,000,000 shares of JNJ: $63,200,000,000

Of course, we will include all dividends received from our picks during the next year since that is the industry standard way of evaluating total return on an investment.

Based on current dividends paid on the above stocks, the dividends for the next year = $7,140,000,000. Of course, if the dividend rates change, this amount can change, too.

Total dollar increase (your rules) + total dividends received wins.

And don't bitch about the quantity of shares I selected since you chose 100 contracts for rough rice and soybean meal which equates to 100 times their base unit spot price. So, in your brain, we are free to choose whatever quantity we wish to choose.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123929 posts
Posted on 10/7/10 at 10:49 am to
quote:

1,000,000,000 shares XOM: $63,410,000,000

1,000,000,000 shares AA: $12,340,000,000

1,000,000,000 shares of MO: $24,670,000,000

1,000,000,000 shares of LNT: $36,050,000,000

1,000,000,000 shares of JNJ: $63,200,000,000
Damn! That makes my portfolio look small by comparison.


Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/7/10 at 2:26 pm to
quote:

Damn! That makes my portfolio look small by comparison.



It's looks exactly like my portfolio....except it has a few additional zeroes on each security....
Posted by OliverCloseoff
Baton Rouge
Member since Oct 2010
838 posts
Posted on 10/7/10 at 6:54 pm to
yep that's for sure
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/7/10 at 8:26 pm to
quote:

NC_Tigah


Did you see this?

ByteMe is still the board's best admin!
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/8/10 at 11:33 am to
quote:

1,000,000,000 shares XOM: $63,410,000,000

1,000,000,000 shares AA: $12,340,000,000

1,000,000,000 shares of MO: $24,670,000,000

1,000,000,000 shares of LNT: $36,050,000,000

1,000,000,000 shares of JNJ: $63,200,000,000


As of right now, my portfolio is up a little over one billion dollars today!

AA is up big (+$.77,or 6.4%) after their earnings announcement yesterday after the market closed.

I knew I should have "bought" two billion shares of AA rather than just one billion!



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