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Bud Burrell - Front and Center

Author: bburrell Created: 1/10/2006 6:05 PM
Mr. Bud Burrell - Industry authority, expert, Wall Street veteran. Love him or hate him, you will always know where he stands - his no-holds-barred style and frank honesty make his blogs a must read, from one of the originals. View his landmark correspondences in The Bud Files section of this website.


A FRENCH LEFTIST 'CALL' FOR THE VIOLENT OVERTHROW OF CAPITALISM
By bburrell on 7/1/2009 2:36 PM
if this were coming from the right, you would see people in the streets.
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WHY HAS THE SEC FACILITATED SYSTEMATIC TERRORIST MONEY LAUNDERING?
By bburrell on 6/30/2009 12:03 PM
This is just more of the never-ending story of a failed DOJ, and a worse SEC.
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THE "UNCERTAINTY" IMPACT OF THE POTENTIAL CAP AND TAX BILL
By bburrell on 6/28/2009 9:41 AM
Unceratinty is the one thing that neither markets nor capital formation can deal with. Well, that is what we have for the next four months.
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MADOFF LOSSES RATCHETED UP TO $65 BILLION, IS ANYONE SURPRISED?
By bburrell on 6/20/2009 10:48 AM
I told everyone this increase was coming. Well, here it is, at least the first round. I'd bet on more to come past this.
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THE OFFHSORE BANKING SCANDAL CONTINUES: WHAT INDICTMENTS?
By bburrell on 6/12/2009 7:02 AM
I have waited for six years for a large number of promised indictments to come down on this menage of causes and criminals. For what?
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The US Economy and Stimulus Policies: A Target Rich Environment
By bburrell on 6/10/2009 10:53 AM
Some months ago, I predicted that logic would dictate a market bounce triggered by the inflationary impact of historic stimulus spending in all forms. I also said it would have to carry not onlly the stock market up, but commodities too.
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Congress Considers a 20% VAT Tax According to Whispered Rumors Today.
By bburrell on 5/27/2009 3:08 PM
Here we go yet again into the breach.
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On the Effects of Chaos and Turbulence in Game Theory.
By bburrell on 5/25/2009 7:04 PM
Here is an educational piece and a warning.
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The Reality of Cap and Trade, From Congressional Watch today.
By bburrell on 5/19/2009 5:40 PM
Here is the bad news on a bill I hope will be moderated in legislative process.
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House Democrats Revolt Against Obama's Cap and Trade Plan
By bburrell on 5/6/2009 10:56 AM
An invitation for you to read about this again.
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The Four Most Expensive Words in the English Language.
By bburrell on 5/5/2009 2:07 PM
A Tribute and Commentary to a great Veteran.
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Tax Increases Start, 90 Days Into Presidency.
By bburrell on 4/24/2009 12:05 PM
Tax increases were announced today. The really bad news is coming.
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The Irrational, Predictable Character of Bear Market Rallies
By bburrell on 4/21/2009 4:41 PM
Lessons for all.
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EPA Threatens Regulation to Extort Legislation on Greenhouse Gas Emissions
By bburrell on 4/17/2009 3:02 PM
Here comes another nightmare in the making. Wake up or eat sewage.
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Regulation T Prohibits Short Sale of Non-Marginable Securities
By bburrell on 4/15/2009 8:15 AM
Here is a brief summary that isn't exactly Rocket Science.
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What Economic Shoe Will Drop Next? Bet on More, Not Fewer.
By bburrell on 4/6/2009 11:04 AM
There will be a time for early optimism, but it isn't here now.
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Alternative Energy Thumbnail Sketches, re: the Practicality of a Cap and Trade Plan
By bburrell on 3/23/2009 6:11 PM
Here is more than you probably wanted to know about alternative energy, but that you need to know.
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The Pending Tax Nightmare of "Cap and Trade"
By bburrell on 3/22/2009 6:08 PM
Many of us don't see what is headed at us with this insidious plan. Global Warming be damned.
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On The AIG and related Crises, Contracts, Bankruptcy Reorganization, Rule Making and the Constitution
By bburrell on 3/21/2009 7:15 PM
Here is brief overview of today's most pressing issues.
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The Appearance of a Bear Market Rally Divides Experts
By bburrell on 3/12/2009 7:32 PM
Opinions are being polarized by politics, surprise, surprise. This economic opinion polarization mirrors the political polarization, and it is damned unhealthy.
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How Bottoms are Made in Markets, and How They Aren't
By bburrell on 3/6/2009 7:04 PM
More on technical analysis. Watch out for Credit Default Swaps.
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MFA Spokeswoman Gaffes it on Shorting in Kudlow Interview of Richard Blumenthal
By bburrell on 2/27/2009 12:02 PM
She really blew it today.
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Here Comes the Depression. What Do You Do?
By bburrell on 2/20/2009 12:05 PM
This is response to many questions, many keyed off the now verified Dow Theory Sell Signal yesterday. I told eveyone that the insane volatility of our market in October, November and December were a bad signal.
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Criminals, Their Facilitators and Problems of the DOJ.
By bburrell on 2/19/2009 11:23 AM
As is becoming more and more evident, the criminals here, with Madoff standing as a shining light to guide all others like himself, had to have had a lot of serious dirt on the many industry executives and their regulators. Why hasn't there been a single indictment of their co-conspirators and facilitators? Going a step further, where have the promised super-ceding indictments promised in many of our cases never come down, not one?
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The Crisis in Consumer and Investor Confidence.
By bburrell on 2/14/2009 3:09 PM
One perspective for all. This whole thing is turning nasty. Generally, we choose up sides in elections. That isn't working anymore. I'd like to hear others ideas. I am in a dark-side mood here.
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On Earnings Per Share, and Stock Multiples As Linked to Indices.
By bburrell on 2/13/2009 9:48 AM
CNBC reversed course today, saying that earnings were declining and naturally, the multiples of earnings are declining with this fall.
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Contributions of the John O'Quinn Team, Past, Present and Future.
By bburrell on 2/13/2009 9:47 AM
Re: O'Quinn Team Contributions
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Cato Institute Press Release Today, a National Letter to President Obama
By bburrell on 2/9/2009 9:32 AM
Argue intelligently with this. I was surprised Thomas Sowell didn't sign this, but he might not be a part of the CATO Institute. This full page ad ran nationally in the major newspapers across the United States.
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A Monumental Week, Cheers All for Harry Markopolos
By bburrell on 2/7/2009 7:49 PM
Mr. Markopolos handed the heads of some incredibly arrogant bureaucrats and lawyers to them in front of their employer, Congress. The Response of these clowns? They shut down completely.
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On the Pathological Optimism of a Capitalist Democracy, Looking Over the Horizon.
By bburrell on 2/3/2009 3:15 PM
These days too will pass.
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The Impact of the Information Age on our Current Environment
By bburrell on 2/1/2009 2:44 PM
The stunning acceleration in the distribution and use of basic economic data has impacted most parts of our society. Here are comments.
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"Bailout Bill" a Counterfeiting Crime, a Triumph of Pork, and an Economic Catastrophe?
By bburrell on 1/30/2009 10:35 AM
Everything our Government needs to do now can be summarized simply: Create Jobs. What we got from Congress is a shameless piece of politics, and bad economics. This is a hijacking of the American Democratic Process.
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A Bodyguard of Lies: How these strategies have been used by our Protagonists in this Financial War.
By bburrell on 1/29/2009 2:49 PM
The phrase "A Bodyguard of Lies" come from a quote by Winston Churchill in World War II, when he spoke about the War of Deception brilliantly employed by Britain and the Allies to wage this war. Much later, author Anthony Cave Brown wrote a now famous book of the same title, "Bodyguard of Lies" to tell the whole story of this Secret War. I ask you what secrets are our enemies trying to protect with their half-truths, obfuscations, lies, and more here?
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"Deep Capture Blog" Candidate for Best New Business Blog of 2008, Please support with your vote.
By bburrell on 1/28/2009 1:13 PM
Here is an important note for all.
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"The Ascent of Money" by PBS Sets the Gold Standard for TV film Documentaries, Written and Narrated by English Finance Professor Niall Ferguson, A MUST WATCH and BUY.
By bburrell on 1/17/2009 11:15 PM
Here is as close to a "Standard" that I have ever seen on the massively complex financial scandal we face destruction by.
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The Huge Contraction of the Number of Professional Traders has Seriously Impacted Our Markets.
By bburrell on 1/13/2009 1:14 PM
The huge market corrections in all sectors has wiped out thousands of traders, and many more trading accounts in all forms of securities. What do we see as a result?
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Political Will and the End of Financial Terrorism
By bburrell on 1/12/2009 3:31 PM
Nothing happens in a Democracy without the forces focused by unified Political Will. What happens when not enough people get hurt across the board at the same time? What steps have to be taken to begin to dig out of this hole?
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Fading Hope: Racing into a Economic Black Hole
By bburrell on 1/8/2009 9:40 AM
Contingent liabilities now have reached the point of overwhelming any practical potential solution.
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AIG Article, "A Beautiful Machine", reminiscent of the Great Buffett Quote: "Beware of Geeks Bearing Formulas"
By bburrell on 12/29/2008 11:09 AM
Here is the best short telling of this story thus far.
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Madoff Scandal a Drop in the Bucket Compared to Existing Scandals, be they Option Arms, Arms, Second and Third Mortgages, Credit Default Swaps and More.
By bburrell on 12/20/2008 1:30 PM
While the whole world has taken its eye off the ball thanks to the standing of the Madoff Ponzi scandal, far worse and much more deadly threats face our financial systems.
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The Worst is still a long way from us. Madoff may well turn out to be the death knell of the SEC and the NASD. Good riddance.
By bburrell on 12/16/2008 4:45 PM
The coming crisis in rebated, discounted, arm and especially secondary and similar "back" mortgages is still six months from beginning. The Madoff scandal deepens daily, turning into a analog to plutonium to the existence of the SEC and the NASD. Anyone who believes that anyone, and I mean ANYONE, could run a $50 Billion dollar Ponzi investment scheme without big outside support deserves the beating they are getting.
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Was Today's Close a "Flight to Safety"?
By bburrell on 11/26/2008 3:04 PM
Everyone knows that the Great Depression was ended by WWII.
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The DOW was up 889 points today, the second biggest single day gain in history, barely 15 days after the biggest day in history. DO YOU BELIEVE!?
By bburrell on 10/28/2008 11:57 AM
The Dow made its second biggest up day in history, just 15 days after setting the all time record of up 925 points. Does this tell us anything? I think not.
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60 Minutes Intro Piece on Credit Default Swaps Bucket Shop Betting Schemes, Their Best Ever on a Complex Financial Topic
By bburrell on 10/26/2008 5:35 PM
A must see for everyone.
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De-Leveraging the Globe into Serious Depression.
By bburrell on 10/24/2008 6:45 PM
Beware of Actions taken in haste by the fearful. Just because they have acted harshly doesn't mean they will achieve their goals, or that they have done the right things.
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How Major Secular Bear Markets Work.
By bburrell on 10/23/2008 7:54 PM
Here is another non-technical explanation for those not from this background.
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On Understanding Markets in a Recession
By bburrell on 10/22/2008 5:59 PM
This is a brief simplified explanation for non-technical market participants. You need to understand how expectations affect markets and their levels.
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Redux, "What is the Real Agenda of Our Regulators?", from late 2004
By bburrell on 10/18/2008 5:44 PM
Many of you may never have seen this. From 2004. No one can say no one told them.
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The "Obama Effect" on our Markets: 925 Points of Dow wiped out in three days, the VIX at .76, an Historical Record
By bburrell on 10/16/2008 7:17 AM
The wealthy and small business owners along with numerous investors subject to taxes are voting with their portfolios. They have tossed in the towel economically speaking, conceding the Election to Obama, and a hard left socio-economic turn when he takes office.
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What Makes a 925 Point Day Real?
By bburrell on 10/13/2008 7:29 PM
Today's volume was weak. Banks were closed. Europe was pending its own bailout plans. What does it mean?
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General Comments on Things of Interest to Us All.
By bburrell on 10/12/2008 6:34 PM
You may or may not learn something here. We live in interesting times.
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A Sequenced Primer on Abusive Naked Short Selling, Courtesy of Dr. Jim DeCosta, His Best Short Piece ever.
By bburrell on 10/12/2008 11:19 AM
Here in numbered sequence is the simplest delineation yet of this process. Irrespective of any criticism yet leveled at Jim, this nails the DTCC intent.
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Markets to be Suspended? Goldman and Morgan Stanley to be Nationlized? Left Wing Hedge raids on Markets Everyday near Close? Market Raids every day from Offshore?
By bburrell on 10/11/2008 4:45 PM
Lou Dobbs show tonight had two parties calling for the suspension of markets here for a "Cooling Off Period". They alleged that the USG was considering just that, among a number of alternatives. Sources in Washington began talking about the nationalization of Goldman and Morgan whatever, whatever the hell that means. GM, now trading for a lower market cap than it did after the 1929 Raid, is in talks with Chysler about a merger, backed up by Cerebus, who has interests in both. What does this mean for Ford?
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DTCC Wants to Be Clearinghouse for CDS paper! To compete with CME/Citadel, I THINK NOT!!!!!!
By bburrell on 10/8/2008 3:42 PM
DTCC has shown itself to be a shameless facilitator of Counterfeiting of Commercial Securities, many of which are tied to hedging naked ownership of CDS paper, another kind of put insurance product. Given their role in the NSS scandal, how can they be trusted? They can't, and someone needs to pull their head out of their respective patoots before this happens.
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Lies, Lies, Lies and more Treason
By bburrell on 9/20/2008 8:55 AM
Illegal short selling continues unabated, after the hedgies took the Rule change of Wednesday as a non-event.
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Over Eighty (80) Years of COUNTERFEITING, COUNTERFEITING,COUNTERFEITING, Ad Infinitum, Ad Nausea
By bburrell on 2/28/2008 3:42 PM
Senator Bennett used the word the word EIGHT (8) times in the broadcast meeting of the Senate Banking Committee with Paulson, Bernanke, and Cox. He directed most of his comments directly to Honorable Chairman Cox, who reacted with about 40 tells indicating he was being less than totally honest at best, constantly touching his lips, eyes, ears, and mouth. In my basic training in interrogation, such actions were a major RED FLAG. Maybe a little recitation of the case history of Counterfeiting would be helpful here. There is nothing here not contained in my previous writings, but a linear recitation could be of value, with a single focus on Counterfeiting.
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Tony Ryals, Notorious Basher, NAMBLA member, Serial Pervert, Convicted Fraud Felon, Confidential Informant
By bburrell on 2/22/2008 7:55 PM
No one knows if Tony Ryals is real or not, but someone or something uses this name in an unrelenting attack on any and all targets of short sellers. He(She?) is big on rumors and innuendo and short on fact. Should we be concerned? I think not, but it can be helpful to let the many rumors about him/her be spread throughout the land.
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Mencken's Creed
By bburrell on 2/20/2008 3:51 PM
Here a classic statement of a great libertarian, and honest and ruthless critic of fools and chalatans. I will let all of you guess who I think is which.
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A Concerned USXP Shareholder Weighs in On Honorable Chairman Cox with a BOMB.
By bburrell on 1/16/2008 3:50 PM
Here is literate little ditty that should put some noses out of joint, as well they should be. As I have repeatedly said here, SHAREHOLDERS HAVE RIGHTS! Would but the lawyers at the SEC could pull their heads out of wherever long enough to realize this.
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Drips of Water on a Stone
By bburrell on 1/12/2008 6:35 PM
The last of the cases here will be heard many years from now civilly, while 99+% of the thieves skate off into the sunset, their warchests replete with massive assets stolen from their helpless and undefended victims.
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Oscar Levant's Most Famous Quote on Politics
By bburrell on 12/16/2007 4:18 PM
Levant, a musical genius, had more depth than just that.
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Benjamin Fulford Strikes Again. Hope you can pay attention.
By bburrell on 11/27/2007 7:01 AM
Here is the genius on Corruption bearing the Mantel of the legendary iconoclast H. L. Mencken. He makes himself heard here.
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Eisler Citation of Corruption in Japan
By bburrell on 11/5/2007 2:20 PM
I have a problem with the original entry.
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Link to Dr. Byrne's Powerpoint Presentation and Audio Tape, PIPES Conference
By bburrell on 11/5/2007 10:47 AM
I had a lot of inquiries about how to get this. See the link below.
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Altomare and Gunderson Court of Appeals Brief Link, re: USXP Action.
By bburrell on 11/3/2007 10:42 AM
This is for those who think they know everything there is to know about this case.
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Have Regulators Shown Their Hand? It is game, set and match for conventional exchanges.
By bburrell on 10/28/2007 5:29 PM
Looking at the basic statistics of traditional floor auction exchanges, it is clear that the SEC and the NASD have determined to either shut them down entirely, or morph them into something looking like an electronic NASDAQ market maker system. The NYSE members who damned Grasso with faint praise are going to look back on him as the very last great white hope. The AMEX, which was so instrumental to the maturation of the Options Market Place in the US, is now just a high profile target. Again, we have a bunch of lawyers with absolutely no business background making fundamental strategic decisions about business and market matters they know nothing about. The move that made the NASD the sole regulator should have been a signal of the intent.
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The Psychological Crises and Burdens of Crusades.
By bburrell on 10/6/2007 10:36 PM
I have repeatedly cited the abhorrent nature of the crises faced daily by those have crusaded for 7 or more years against the collective sociopathy of the manipulators here. Psychological studies of those who wage war on its front lines have pointed out that absent some recurring positive reinforcement, the front line warriors will burn out, almost without exception, after some specific period of time. I am there now, and I need a break before I break something else.
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Eagletech Amended Complaint Easier Access
By bburrell on 10/3/2007 9:01 AM
Use these links instead.
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Eagletech v. Citigroup, RICO Amended Complaint.
By bburrell on 10/2/2007 12:03 PM
Here is some amusing reading. Welcome to 1929 again. May the SEC choke on this.
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Corruption is the manifest expression of frustrated capitalistic intentions, and the latter are a trait of Human Nature.
By bburrell on 9/30/2007 3:42 PM
Want to know why socialism hasn't worked anywhere it has been tried? It goes against basic drives in the human nature.
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The Principle of Occam's Razor, and Its Applicability Here.
By bburrell on 9/18/2007 7:40 AM
From studies of forecasting methods, Occam's Razor is broadly accepted as a general rule. It states that in all analytical situations, the simplest solution is most likely the optimum one, even if not the only one. How do we apply it here to our situation of having to confront pandemic corruption?
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The Retail Store Inventory Process, and Why It Isn't Used in Securities. From the Burrell Blog at www.thesanitycheck.com
By bburrell on 9/18/2007 6:26 AM
In any retail store environment, the control and reconciliation of inventory is a CRITICAL part of the ENTIRE accounting reconciliation Process. How can our Regulators say it has no applicability to Securities Markets?
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For General Comments and Questions from Today Forward.
By bburrell on 9/4/2007 7:43 AM
Post general questions and comments here from today forward. There is software glitch in the way comments get posted after a post gets a certain number, So let's start fresh from here. Best, Bud.
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Has the other shoe dropped on US CMO’s and CDO’s, per BIS?
By bburrell on 6/29/2007 8:27 PM
In its June 24th report, the Bank for International Settlements indicated its analyses had to allow for the forecast of a Global Financial Depression (their word), to be precipitated by a collapse of US Real Estate Markets. This evening, I received multiple unconfirmed reports from independent reliable sources indicating they had been informed that the positions of CMO’s and CDO’s held by US investment entities had been marked down by as much as 80 (EIGHTY) Percent on Short and Intermediate Term holdings. This will have to hit the hedge funds and Private Equity markets like a bullet if proven to be only partially true.
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The Financial Reality of Japan: A Not So Distant Mirror of the Financial Future of the US.
By bburrell on 6/24/2007 7:13 PM
With credit to Barbara Tuchman's great History, "A Distant Mirror", the story of the turbulent 14th Century, I refer all of you to the collapse of Japanese markets in the mid-1980's, crashing the Nikkei Index from 33,000 to 10,000, and imploding their banks' balance sheets along the Way. All of Japan's banks remain unfiled bankruptcies, including their Central Bank, the Japanese analog to our Federal Reserve. How did they get there, and are we any different?
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Practicing for Patty Cakes with Bubba
By bburrell on 6/17/2007 6:24 PM
We have some commentators and pseudo-professionals involved with this who have shown blood in the water over the Cox/SEC Commission decision on naked shorting and grandfathering. How dare Cox confirm what we have alleged for the last seven years? I am SHOCKED, SHOCKED at their consternation with Cox. I don't expect it anytime soon, but within a range of three to five years on the downside, and seven to ten on the upside, these same weaklings and cowards should prepare themselves for some infantile games with parties without either the IQ or the gentle nature of children, and the physiques and tempers of Godzilla. A solid review of rules of Patty Cakes is in order.
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SEC to Webcast June 13 Meeting
By bburrell on 6/12/2007 10:39 AM
The Tab link to get to this webcast will be opened 5 minutes before the meeting is to begin. You will need to monitor the www.sec.gov site.
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SEC to Rule on Grandfathering, Options Market Makers "Privileges" and More, June 13
By bburrell on 6/8/2007 10:26 AM
Next week, the Press will have the chance to hear an open ruling session on the major issues of the illegal shorting scandal in part, and get to see what impact the AGGRESSIVE Lobbying of the Options Industry will have on these activities going forward.
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Levitt's STUNNING Statement, Predicting WHAT?
By bburrell on 5/7/2007 11:31 PM
"An event will soon occur to bring about a day of reckoning, and the potential political response will be swift, severe and overstated," Mr. Levitt said."
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Speaking of Implants, Let's All Jump on Floyd Schneider, Un-Indicted Co-Conspirator of Elgindy, New Blog.
By bburrell on 4/21/2007 7:13 PM
This bozo somehow avoided being nailed with his close personal friend, Anthony Elgindy. We deserve an explanation for this from the Feds. Who was the only person thrown off the Elgindy site for being caught doing paid bashing? Flo knows.
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Comments to Gary Weiss on His Opinions About the SEC Economists' "Study" of Short Selling
By bburrell on 4/21/2007 3:33 PM
Here is a great blast from an observer who know that Footnote 24 of this study CASTRATES the entire piece, because the SEC gave him discovery of Short Sales Marked Long. This is also posted on the Weiss-hole Blog.
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Further Observations on the Effects of Inappropriate Government Actions and Corrections to Those Actions
By bburrell on 4/18/2007 9:35 PM
I look again at the current Oil crisis. While many of you would have no reason to know it, between 75 and 80% of all oil and gas in fields opened and subsequently closed were left in the Ground. What if the US Government had done nothing to change exploration here with the initiatives after 1974? Not only would millions of Americans not Bankrupted, we would have plenty of Oil and Gas, and Texas, etc, would still own their own banks.
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The Weisshole Blog: A Beginning.
By bburrell on 4/17/2007 7:31 PM
Gary Weiss(hole) deserves all the attention he wants. How about giving it to him here, strictly negative, adversarial comments only on his attitude, errors, lies, and worse.
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The More Things Change, the More They Stay The Same: Observations on "Grandfathering" as an Ex Post Facto Issue.
By bburrell on 4/17/2007 7:41 AM
Here are some simple, linear observations of a game that is anything but. If you don't understand this the first time you read it, try, try again.
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Eagletech v. Citigroup Complaint
By bburrell on 4/11/2007 12:22 PM
Here it is, better late than never. I would also like to extend my warmest personal regards to all the vermin who called me a lying scumbag and worse for the last two days. You can shove this where the Sun doesn't shine. It is only 55 pages, so you should be able to insert it pain free in one of your major orifices.
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"It's Back!"
By bburrell on 3/23/2007 11:58 AM
This thing is like a jack in the box. It is of such extraordinary quality, and of such universal importance, it should be.
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YouTube Takes Down Bloomberg Piece
By bburrell on 3/23/2007 11:40 AM
Note this. I am guessing Bloomberg is protecting their copyright.
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1st Day You Tube Stats out on Phantom Shares by Bloomberg.
By bburrell on 3/15/2007 12:24 PM
Here comes another Tsunami, and the biggest one is yet to come.
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Bloomberg's Gary Matsumoto Strikes First Major Media Blow on NSS, First of a Series?
By bburrell on 3/13/2007 6:51 PM
After a gut-wrenching head fake with the link to the Bloomberg web video link, a slightly altered version went out this evening with momentous impact. The clowns at Dateline (is all of NBC in the toilet?) need to eat their own livers. This was their story to tell, and they blew it to a better journalist.
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On Research Methodology and Forensic Statistical Analysis.
By bburrell on 2/28/2007 10:30 AM
The SEC said that it would do a "Study" of the effects of allowing naked short selling on an unrestricted basis in certain segments of the Market. Either ignorantly, or to serve other interests, these officials were very careful NOT to maintain a "Control" group to compare stocks to. This is a primary violation of principles of basic fundamental research methodology. Going further, the SEC insured that there would be no primary independent third party arms-length analysis of the impact of their actions.
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Bill to Abolish the Federal Reserve Bank from 2003?
By bburrell on 2/4/2007 12:34 AM
Does anyone know anything about what happened to this proposed bill?
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Overstock Becomes First Major Tsunami Wave of SET
By bburrell on 2/3/2007 1:49 AM
I didn't know this was coming, and it wasn't the one I referenced earlier, which is still on track.
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DAR Takes Stand on Criminality of SHO>
By bburrell on 1/20/2007 11:44 AM
Here is something not typical of them. Forgive the spelling and punctuation, they are original.
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A "Tsunami" Headed at Our Markets!!!!! Treason Is what this is!!!!!!
By bburrell on 1/14/2007 9:48 AM
There is a pending complaint coming supported by production of documents in discovery coming at our brokers, regulators and their minions that will take down the current system. No later than mid-February, this cat will be permanently out of the bag, in the form of a new complaint that will be filed based on incontrovertible forensics.
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Canadian Brokers STOP Taking Any Pink Sheet Company Certificates, Restricted or Non-Restricted?
By bburrell on 12/9/2006 11:26 AM
I was informed that Canadian brokers have been instructed to no longer accept any Pink Sheet Company certificates of any kind, either clean or restricted. If this is verified, this is an attempt to break the link between the CDS and its part owner, the DTCC, on this egregiously abused set of securities.
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Here is the link to the MP3 file for today's Senate Judiciary Massacre of the SEC
By bburrell on 12/5/2006 8:02 PM
http://hotlinecy.com/CMKX/SpecterSEC.mp3 Share this with everyone.
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SEC Seeks to Neutralize GAO Investigation with Move to Merge NYSE and NASD SRO functions
By bburrell on 11/29/2006 1:51 PM
The SEC is under a microscope, that should lead to its dissolution into at least two parts. The Cox announcement today smacks of nothing more than an attempt to neutralize the GAO investigation of this org's effectiveness.
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A One Page Synopsis on Sale of Unregistered Securities, and resulting Counterfeiting
By bburrell on 11/27/2006 9:53 AM
This is about the sale of unregistered securities. I wrote first about this over 4 years ago, followed by definitive piece from Dave Patch and, most importantly, Rod Young. Sale of Unregistered Securities is generally a SEC civil cause, while the related criminal cause is 18 USC 514, Counterfeiting of Commercial Securities. Read my one page summary done for a journalist.
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DISGORGEMENT - A Beautiful Word from Indian Regulators!!!!
By bburrell on 11/25/2006 5:36 PM
Why don't our scum at the SEC ever use this word? They need to be "Disgorged". Read below.
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Discovery of Massive Links to Fin. Terrorism, Global Fraud, Redux, From 2003/4
By bburrell on 11/23/2006 9:54 AM
Here is my statement on the epiphany I got from one research effort.
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