An article from the Huffington Post today claims that Ford is "secretly" in talks to sell Volvo. First, let me say that this is another example of the media trying to create the perception of valuable content.
Read moreHave a look at Gross’ Total Return Fund’s top 10 holdings. Recall this is the world’s largest mutual fund.
Read moreEver since (finally) acknowledging the problems within the real estate and banking industries, several historic actions have been taken by Washington, Wall Street, the Federal Reserve and the U.S. Treasury – all in desperation.
Read moreIn 2006, Ron Insana’s “popularity” with the sheep viewers of CNBC led to his resignation in order to start a fund of hedge funds (FoF). I don’t know the details of this arrangement, but I’d say he was approached by some guys who had some access to investment capital, and they wanted to leverage Insana’s “popularity” on CNBC as a way to raise more capital.
Read moreThrough much of this series, I’ve been talking about CNBC. But there’s a new kid on the block; Fox Business Network (FBN). Why do you think they started this network? Because they saw how many suckers were stupid enough to watch CNBC. Rupert Murdock recognized the potential profits of a drama-filled investment network after seeing CNBC’s “success.” He realized you could fool people into thinking your network delivers timely insight, while selling ads to the financi...
Read moreIn Part 5 of this series, I discussed how Don Luskin serves as one of the biggest Wall Street hacks on TV. This is specifically why Larry Kudlow has him on his pro-Wall Street, neo-conservatism show. I demonstrated just how dedicated Luskin is towards this mission by discussing his ever so timely op-ed in the Washington Post. So let me finish where I left off. Mr. Luskin, congratulations. That op-ed will probably make history books someday as an example of why many U.S. newspapers w...
Read moreI’ve sat by now for about ten years now, waiting for someone from the financial industry to point out what I am about to reveal. I meant to write about this but I kept forgetting. I have to conclude that no one has written or spoken in the media about what I’m about to reveal because many simply are unaware of what I deem to be obvious. Others don’t want to go against their colleagues in the financial industry. But what these guys seem to forget is that their first loyalty sho...
Read moreLet me give you a brief example how the entire media industry partners with these masters of deception. On Sunday September 2008, the Washington Post published an op-ed by one of the biggest Wall Street hacks around, Don Luskin. I don’t want to subject you to the full extent of Luskin’s pseudo-intellectual babble, so I’ve deleted much of the article to spare you from further disgust. If you want to read the article in entirety, the link is posted. Let’s have a loo...
Read moreIn Part 3 of this series, I was discussing the “media club,” pointing out how no one in the media (regardless what their position is) is on your side. If they were and they had truly valuable insights, you can bet they wouldn’t be interviewed because the media only serves the interests of Wall Street. This how the media club basically works. Once you’ve been on CNBC or FBN a few times, you’re likely to make the rounds to CNN, Bloomberg TV, CBS, ABC, etc. Ultimatel...
Read moreEarly last year, I made a prediction that seemed obvious, given what I knew about the banking system and the fate of the stock market. I predicted there would be thousands of hedge funds shutting down over the next few years. The avalanche is already in progress. Just last year, in Q3 some 7% of all hedge funds shut down, 344 funds in total. This set a record. It's likely that over 1000 hedge funds shut down in 2008 alone. Yet, the bleeding still continues.
Read moreAs I continue my breakdown of the inner workings of the media, I first wanted to emphasize that all of the players within this propaganda machine cooperate with each other. They all air the same content because this creates a perception of validation. What they air becomes your perception of reality, whether it’s about North Korea, Iraq, Palestine or the stock market and the economy. If you’re told the same thing over and over again, eventually you’ll believe it; especially...
Read moreI happened to have the TV on the other day while eating dinner. I wasn't paying attention, but when I heard this distinctively nasal, monotone annoying voice, I knew who it was. So I wanted to see what this clown was up to. Apparently, Ben Stein did a commercial with Shaq for Comcast. In it, Stein is identified as an economist.
Read moreYou might be wondering why a leading investment strategist would harp on the media so much. Well, friends, the fact is that understanding the tricks and motives of the media is the single most important step towards becoming a great investor. I hope you see that by now. Whether you do or not, I’m going to beat it into your head. So allow me to continue where I left off from Part I of this series. Kudlow has my book, as does Cramer and several other useless clowns and shil...
Read moreYou might have heard about Dallas Mavericks owner, media owner, and dotcom lotto winner Mark Cuban's alleged case of insider trading by the SEC. If not, I made reference to in a recent pie...
Read moreYou may have read an article I wrote on Jim Cramer and the "bubble" network, CNBC. In this piece, I plan to really get into the details of how the media ser...
Read moreIn the recent past, I have cautioned investors against becoming prey to the vultures seeking to exploit your desperation, panic, fear and in some cases, ignorance of what the future of the capital mar...
Read moreIf you think President Obama runs America, think again. Like many U.S. presidents before him, Obama is merely a puppet. Larry Summers is making most of the decisions. He's pulling Ob...
Read moreI just ran across a news headline by CNBC so I knew it would provide a learning point. Have a look First of all, don't be fooled by the seemingly neutral tone of the article. While there are statements that one could conclude are cautious, if you read it from a neutral position, you will come away with a bullish stance. This is a lesson in psychology more than anything. First, notice the title. In itself sets the tone of the piece as far as I am concerned. Why couldn't the title...
Read moreMany of you who have followed me and read my most recent books (The Wall Street Investment Bible/2009 and America’s Financial Apocalypse/2006 & 2007) know that I feel the SEC is beyond useless. In my opinion, the agency works for Wall Street. As a financial professional and former direct employee working for Wall Street, I saw how they operate. They pick on the little guys; the brokers who often commit minor violations that affect very few, while turning their heads away from th...
Read moreAs I continue from Part 1, let me explain further why mutual funds can get killed during bear markets. A down market is the best way to lower the cost basis of the fund’s securities positions. But during a bear market, funds have very little cash because investors aren’t buying funds. As well, remember that fund managers can’t go to cash so they’re not able to lower the cost basis of their most undervalued positions. But they have another, o...
Read morePrinting more money won't solve America’s problems; quite the opposite. It's going to damage the economy further. And these effects will be lasting. You will see them soon. At the very least, we...
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