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    Daily Hottie

    Ok, here's a cutie. Rachel Bilson. The previous body builder woman was a joke.
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    The Fed is getting destroyed...massive bond losses

    I agree with that, i.e. eventual lower rates, though the current trend is still toward higher rates and more losses at Pimco, Doubleline, and followers of economists such as Gary Shilling. For now, investors fear the taper, thus driving rates higher...
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    When People Ask "What do you do for a living" What say you?

    If you diversified with rental property, you can just tell them you're a landlord. Avoid the whole stock trading topic completely. http://online.wsj.com/article/SB10001424052702304451504576394083152168562.html
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    Lacker says exit from bond buying should be quick.

    "Wall Street finishes lower on uncertainty about Fed's move." http://finance.yahoo.com/news/stock-futures-nearly-flat-indexes-112552796.html
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    Daily Hottie

    Missy Farrell
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    Herbalife (HLF) Exposed!

    :D Icahn made the comment, Ackman is 'like a crybaby in the schoolyard. I went to a tough school in Queens, you know, and they used to beat up the little Jewish boys. He was like one of the little Jewish boys...
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    Lacker says exit from bond buying should be quick.

    Charles Evans, a known dove, backs September tapering as a possibility. http://www.bloomberg.com/news/2013-08-06/fed-s-evans-sees-qe3-totaling-1-2-trillion-since-january-2013.html
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    TSLA the next leg up

    Amazingly overvalued stock, but may still get more frothy.
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    Is this Jeff Bezos' jump-the-shark moment?

    Right, a conservative move for Bezos. AMZN stock has increased 6x since 3/2009. WPO up 2x since 3/2009.
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    Lacker says exit from bond buying should be quick.

    Lockhart joins the choir on tapering in September. http://finance.yahoo.com/news/stock-futures-nearly-flat-indexes-112552796.html
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    Top prop firm to top MBA?

    I'd avoid bond management firms. Interest rates have very long term 20 - 30 year trends. Constantly increasing rates and lower bond prices would cause a long-term stampede out of bond funds. One layoff after another is in the cards for PIMCO in the future. PIMCO had riden the bond bull market to...
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    Top prop firm to top MBA?

    I think private equity is more stable than hedge funds, generally speaking, but buyside PE is very hard to get into. Also, there's a long term secular decline in mutual funds and rise of unmanaged ETFs, so the investment management climate may not be as lucrative in the future. If you're...
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    Lacker says exit from bond buying should be quick.

    Now it's Fisher's turn. http://www.bloomberg.com/news/2013-08-05/u-s-stock-index-futures-little-changed-berkshire-rises.html
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    The Fed is getting destroyed...massive bond losses

    No. We go back to using a second-tier, non-reserve currency with the side effect of a diminished printing press.
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    The Fed is getting destroyed...massive bond losses

    http://en.wikipedia.org/wiki/First_Bank_of_the_United_States https://en.wikipedia.org/wiki/Second_Bank_of_the_United_States One of the strongest concepts in finance is mean reversion. I do think there will be future circumstances where central bankers influence will be diminished compared to...
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    Lacker says exit from bond buying should be quick.

    First it was Lacker to sound hawkish on 7/27 ("exit from bond buying should be quick"). Then, Bullard's turn on 8/2 ("drop in jobless a step closer to QE exit threshold"). I wonder which Fed governor is next to flip flop on QE.
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    Your help is hurting

    That's very true. Applies to family as well. Gratitude, Anticipation, Expectation, Entitlement, and Dependency. If the cord is cut, I would add a final Antipathy.
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    Trend follower John Henry buys Boston Globe for $70 million

    NYT may want to further delever their 1:1 debt to equity balance sheet. Money is money.
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    Green Hornet movie 2011

    Trend follower John Henry just paid $70 million for Boston Globe, a 94% discount to its 1993 value. http://www.elitetrader.com/vb/showthread.php?threadid=277193 Reminds me of Seth Rogen playing the scion of a publishing empire in the Green Hornet in 2011. Even back then newspapers were...
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