Recent Fully Deluded News
What's Really At Risk At A Federal Obscenity Trial? About Four Years In Prison
Posted from Silicon Alley Insider 2 days ago
Fully Deluded : Techno
We know that if you publish pornographic material on the Internet, federal prosecutors can choose to bring trial against you almost anywhere in the nation. And if Paul F. Little's (a/k/a "Max Hardcore") prosecution is any guide, figure a conviction means about 4 years in the pen, minimum security. Little sold DVDs over the Internet the Tampa Tribune describes as including "scenes of vomiting, violence and urination." But Little, who lived and worked in California, found himself on trial for 20 counts of obscenity 2500 miles away in Florida. Why? On the legally novel reasoning that Little shoul... (original story)
Whackage! Worst Week Since September 2001
Posted from The Big Picture 2 days ago
Fully Deluded : Market
By the numbers, it was not a pretty week: The Russell 2000 index of small caps got shellacked for over 12%; Nasdaq took a nearly 11% plunge, and the S&P500 dropped 9.4%. The Dow Industrials fared best, losing "only" 7.4%. As I noted on CNBC yesterday, this is a bear market, and the play book calls for selling into rallies (as opposed to during the Bull, when you buy into dips). After whatever bounce we end up getting, a measured move to Dow 9,000 is a significant possibility -- we put it at a better than even money chance. > via WSJ (original story)
Microsoft Extends Windows XP's Life (MSFT)
Posted from Silicon Alley Insider 2 days ago
Fully Deluded : Techno
Microsoft, to the delight of PC buyers and late-adopting enterprise customers, won't let Windows XP die. In June, they stopped selling the operating system at retail and stopped allowing PC makers to install it on most machines, forcing them to switch to Vista. Kind of: The sellers could still install XP on machines that had a Vista Ultimate or Business license, or they could send users a "downgrade disc" to do it themselves on those machines. But Microsoft was going to stop allowing PC makers to do that on January 31, 2009. Now, the company has given XP another six months of life, most likely... (original story)
Week In Review: Don't Believe Everything You Read On The Internet
Posted from Silicon Alley Insider 2 days ago
Fully Deluded : Techno
Apple CEO Steve Jobs did not, we repeat did NOT, suffer a heart attack. The rumor spread like wildfire on Twitter after a "citizen journalist" on CNN's iReport attributed an anonymous source. The SEC is investigatinge. Back to reality: Times are tough for tech and getting worse. Microsoft's (MSFT) Steve Ballmer predicted less spending, and Redmond instituted a hiring freeze for its Xbox and Zune group. Worries run high over soft demand for Apple's (AAPL) Macs and iPods. Rumors swirl around mass firings at Yahoo (YHOO) but so far there's no hard confirmation. Even Google (GOOG) is feeling the b... (original story)
Short Selling Ban Over October 8
Posted from Dealbreaker 2 days ago
Fully Deluded : Hedgie
The Securities and Exchange Commission has announced that the Long Only Suction will expire next Wednesday night, following the government's approval of the Patriot Act Bailout Bill. The SEC has previously said it would extend the ban 'til October 17. SEC short-selling ban to expire Wednesday night [Reuters] (original story)
Credit Crisis Reality TV: Big List of Upcoming Hearings
Posted from Paul Kedrosky's Infectious ... 2 days ago
Fully Deluded : Techno
The next few weeks of C-Span will be like a new credit crisis reality TV show. Just look at all the upcoming hearings that will likely be broadcast: October 8, 2008: Causes and Effects of the Lehman Brothers Bankruptcy House, Committee on Oversight and Goverment Reform (Waxman) Hearings to examine the regulatory mistakes and financial excesses that led to the bankruptcy filing by Lehman Brothers. ------------------------------------------------------------------------------------------ October 9, 2008: Causes and Effects of the AIG Bailout House, Committee on Oversight... (original story)
Quote of the Day (2): Citadel as Goldman
Posted from Paul Kedrosky's Infectious ... 2 days ago
Fully Deluded : Techno
In many ways, Citadel’s structure today is probably more akin to an investment bank such as Goldman Sachs than the average hedge fund on the street. -- Standard & Poor's, talking about hedge fund Citadel Investment With hedge funds getting absolutely hammered with poor performance this quarter, the above comparison is likely not going to be seen as helpful. Citadel is down 18% for the year, which is awful, but still trails soul-crushing declines at Atticus (43.5% for the year) and elsewhere. More here. (original story)
Quote of the Day: Net Capital Rule
Posted from Paul Kedrosky's Infectious ... 2 days ago
Fully Deluded : Techno
Here is the quote of the day: ...we and other global firms have, for many years, urged the SEC to reform its net capital rule to allow for more efficient use of capital. This is the single most important factor in driving significant parts of our business offshore, so that our firms can remain competitive with our foreign competitors risk-based capital standards must become the norm. The SEC has made it clear that risk-based capital rules can be implemented only when the Commission is confident that firms employing value-at-risk models have robust credit and risk management policies in pla... (original story)
Musical Chairs - Cramer's Mad Money (10/3/08)
Posted from Jim Cramer's Stock Picks fr... 2 days ago
Fully Deluded : Market
Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday, October 3. Despite the passage of federal bailout package, Jim Cramer said that he did not trust this market. He reminded investors to sell into any moments of strength and play defensively as the details of the bailout plan begin to play out.Complete Story » (original story)
Dear Investor
Posted from Dealbreaker 2 days ago
Fully Deluded : Hedgie
We've got good news and bad news. Mostly bad news. TPG Axon Investor Letter [PDF] Tontine Investor Letter [PDF] Cerberus Investor Letter [PDF] Greenlight Capital Investor Letter [PDF] And... (original story)
Not Much to Recommend - Cramer's Lightning Round (10/3/08)
Posted from Jim Cramer's Stock Picks fr... 2 days ago
Fully Deluded : Market
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday, October 3.Bullish Calls:Complete Story » (original story)
Stewie Griffin Meets Wall Street
Posted from The Big Picture 2 days ago
Fully Deluded : Market
Enjoy! Yeah, I know its old -- but its still very funny! (original story)
A whole new sort of moral hazard?
Posted from TIME.com: The Curious Capit... 3 days ago
Fully Deluded : Market
So now federal regulators are in a bit of a bind. If they let Wells Fargo ride in and snatch Wachovia out from under Citigroup, they get a better deal for taxpayers—an industry-on-industry solution with no government backstop. But that might send a dangerous signal to the market. Setting aside th... (original story)
California Wants You To Stop Peeking At Britney's Medical Records
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
A step forwards for patient privacy: This week California Governor Arnold Schwarzenegger signed two new bills ramping up protection of patients' electronic medical records. The move comes after a rash of incidents at UCLA Medical Center, where celebrities including Britney Spears, Farrah Fawcett, and the Governator's wife Maria Shriver have had their files riffled through by medical personnel not treating them. New provisions: Establishment of a 'Office of Health Information Integrity' (whatever that is) and fines of up to $250,000 for breaches of patient privacy. A good start. If doctors an... (original story)
Counterparty Friday
Posted from Over the Counter 3 days ago
Fully Deluded : Market
We are indeed drifting into the arena of the unwell. Yves Smith picks up on the FT warning about the potential for disaster in the upcoming CDS settlement auctions. Is this why banks are hanging on to so much cash?... (original story)
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