Ask a Hipster — Advice you didn't know you needed
Big Screen — Movie commentary
Blurt — Music's inside track
Booze News — San Diego spirits
Classical Music — Immortal beauty
Classifieds — Free and easy
Close to Home — What it’s like on the street where you live
Cover Stories — Front-page features
Drinks All Around — Bartenders' drink recipes
Excerpts — Literary and spiritual excerpts
Feast! — Food & drink reviews
Feature Stories — Local news & stories
Fishing Report — What’s getting hooked from ship and shore
From the Archives — Spotlight on the past
Golden Dreams — Talk of the town
The Gonzo Report — Making the musical scene, or at least reporting from it
Letters — Our inbox
Movies@Home — Local movie buffs share favorites
Movie Reviews — Our critics' picks and pans
Musician Interviews — Up close with local artists
Neighborhood News from Stringers — Hyperlocal news
News Ticker — News & politics
Obermeyer — San Diego politics illustrated
Outdoors — Weekly changes in flora and fauna
Overheard in San Diego — Eavesdropping illustrated
Poetry — The old and the new
Reader Travel — Travel section built by travelers
Reading — The hunt for intellectuals
Roam-O-Rama — SoCal's best hiking/biking trails
San Diego Beer — Inside San Diego suds
SD on the QT — Almost factual news
Sheep and Goats — Places of worship
Special Issues — The best of
Street Style — San Diego streets have style
Surf Diego — Real stories from those braving the waves
Theater — On stage in San Diego this week
Tin Fork — Silver spoon alternative
Under the Radar — Matt Potter's undercover work
Unforgettable — Long-ago San Diego
Unreal Estate — San Diego's priciest pads
Your Week — Daily event picks
Wall Street Traders Bring Home Far More Than Brain Surgeons
Of interest to all should be this deeply flawed talk from Robert Shiller of Yale, a leading economics expert who, like Paul Krugman doesn't have a clue about economics ============ Since when did any of us say Paul Krugman had a clue???????? No one I know agrees with anything he says.— January 19, 2011 8:30 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
And I agree with you 100% about the Fed bailouts, but I have major problems with the Fed, which has allowed the dollar to lose 92% of its value since it was created. ===================== The dollar is collapsing right now-and it is going to TOTALLY collapse. That day is coming, and when it does you better have your seatbelt on because you're not going to be in Kansas anymore.— January 19, 2011 8:27 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
? I suspect that you are thinking of Morgan Stanley and GS, and ignoring the rest of the street (like Brown Brothers Harriman) that are primarly composed of partnerships risking their own capital. ==================== Yes I was. GS was the last major Investment Bank to STOP using their own money and go public. When that happens they no longer have their own skin in the game. Even with their proprietary trading they still unload losses on their own customers. That is why we had such a major meltdown with the markets on 9-2008. These clowns took wild risks with OPM and then took the profits while socializing the losses. As I said, there would be no market today, with NO ONE making $$, if it were not for the taxpayer TARP bailout/s. Goldman would have certainly gone BK, and probably every other major investment bank. In the old days all the big firms were private partnerships that risked their own money on the bets they made. Those days are over, long gone. Goldman was the LAST of those private partnerships.— January 19, 2011 8:14 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
Don, I started thinking which stocks could have been in the DJIA back when it started, the only possible stock I could think of was GE, and that was just a guess. I just researched it real fast on Google and GE was one of the original DJIA stocks. It appears there were 12 originally. I think today it is 30 (??). The railroads are still around, although mergers have changed the names of most. Anyway, it looks like only GE still in the DJIA out of the originals. Here is the info; Dow Jones company, publisher of the Wall Street Journal, presented its first average of U.S. stocks on 3 July 1884. Twelve years later, the editors picked 12 stocks that were intended to serve as a proxy for the market as a whole. The index is reassessed every few years to ensure that the average reflects the "blue-chip" sector of the market. The original Dow Jones Industrial Average, or DJIA consisted of 12 stocks, and the list gives a great insight into the nature of the economy at the time: American Cotton Oil American Sugar American Tobacco Chicago Gas Distilling and Cattle Feeding General Electric Laclede Gas National Lead Tennessee Coal & Iron North American U.S. Leather U.S. Rubber The Dow Jones Industrial Average was founded by Charles Dow on May 26, 1896, and represented the dollar average of 12 stocks from leading American industries. Previously in 1884, Mr. Dow had composed an initial stock average called the Dow Jones Averages, which contained nine railroads and two industrial companies that appeared in the Customer's Afternoon Letter, a daily two-page financial news bulletin which was the precursor to The Wall Street Journal. . http://www.wisegeek.com/what-were-the-original-st… .— January 18, 2011 11:37 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
I will not be back,and that's a shame as I always thought even though the boards were pretty left leaning, that opposing opinions would get a fair shake, especially from those not in the know. Frankly your telling me about markets is the same if you had the hubris to tell a neurosurgeon how to remove a deep seated brain tumor. You really don't know. ========================= Jeff, relax, this is the internet-it was made for spouting off. I don't claim I know more than you or anyone else, and certainly not about micro level NYSE trading. But I do think I have a macro point of view that is legit. And I like to shout it from the roof tops so to speak, because face it-this country sure needs some fixing. Don't run off mad. Stick around, we all grow on you over time-even me!— January 18, 2011 11:28 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
And Don, you said, "Providing working capital to businesses, both small and large, should be JOB #1 for Wall Street investment banks." You are so naive....the purpose of Wall Street is for the members of the exchanges, the ones who pay a million bucks for the privilege of being in the front of the line, to make money. There is no altruistic purpose for Wall Street, there is no benevolence, there is no level playing field. It's easy for you all to criticize when you have no skin in the game. Enough said, you all are quite an unfriendly bunch when challenged with facts. ======================== LOL...I was the one that said that actually. And while making money is the goal of EVERYONE, not just Wall Street, it is not the one, only and end all for you- or anyone else. I also have to laugh at your ridiculous comment of having "skin in the game", no major investment bank today have their own "skin in the game", they have investor/taxpayer/OPM "skin in the game", where they make wild, morally hazardous bets and take all the profits if the wild bets pay off and then stick taxpayers with the losses when they fail. That is not what most honest peope would call a very good business plan, not moral or ethical. That comment was the whopper of the century. nokomisjeff, if it were not for US taxpayers there would be no Wall STreet today, it would have imploded spectacularly if the Feds didn't pump a trillion into it in 2008. Wall Street would have failed, went BK, from the very mindset you exhibit in your comments. If it were not for taxpayers Goldman Sach would have went BK in 2008. Not trying to put your view down, just giving you a dose of the truth that might be hard to see through your rose colored glasses.— January 18, 2011 11:22 a.m.
New Yorker Magazine Scorches Darrell Issa
The SODDI defense. That is SO Judge Judy ==== I dont watch JJ, do they use the SODDI defense there too!!!— January 18, 2011 8:06 a.m.
New Yorker Magazine Scorches Darrell Issa
I don't think it means NOTHING if the charge doesn't stick. If you have a bunch of incidents, but managed to get off, that is meaningful information. ========= Not in my book, especially if it is the gov. You have a LOT of clowns in gov who, b/c of immunity, can make baseless accussations and get away with it. The more allegations that DON'T stick is more of an indication of gov misconduct IMO.— January 18, 2011 7:59 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
In Japan, the Nikkei peaked at 39,000 in the late 1980s and is still around 10,000 =========== Wow, I did not know that! I remember those days when the Japanese were buying up every trophy property in CA. we had a huge RE bubble from that.......then their market crashed and looks like it has still not recovered....— January 18, 2011 7:57 a.m.
Wall Street Traders Bring Home Far More Than Brain Surgeons
The fact that Ms. Grant had access to the NYSE and shared her experience on Scam Diego makes the column even more special and the connection with the people who banter about more valuable. ===================== X2~! That is pretty cool.— January 18, 2011 7:54 a.m.