Silver as an investment

Category Archives: Dick Bove

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

Big Bank Bosses Are Dumping Their Stocks As “Credit Risk Ricochets Back”

"Credit risk is ricocheting back as a legitimate concern after years of hibernation…" warns David Hendler, founder and principal at Viola Risk Advisors, who considers recent share sales by executives at the big retail banks, in particular, to be smart, as consumer portfolios are showing signs of strain. Wall Street analysts have been urging investors […]

ZeroHedge: Adios Fannie Pref

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.   I first wrote about (and got invested in) the Fannie and Freddie Preferred stock back in the summer of 2009, Link. As of today, the last of those shares have been sold. For those who followed my path, an […]

ZeroHedge: How A Misplaced Decimal Comma Left Dick Bove Unemployed

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Well-known permabull financial analyst Dick Bove lost his job in November 2012. Not due to his ineptness, but due to his Rochdale Securities colleague David Miller who today plead guilty to wire fraud and conspiracy over an epic Apple trade […]

ZeroHedge: Bank Earnings Taxed by QE2, Massive Regulation

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Forget about Cyprus, a land of stifling heat and Russian hostess bars.  It’s time once again for bank earnings.  In Q1 2013, the themes are peaking mortgage banking revenues and almost no reserve releases to pad results.  Even as some […]

ZeroHedge: Blast From Dick Bove’s Long And Illustrious Past

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. No, this is not about Dick Bove’s Buy recommendation of Lehman days ahead of the bankruptcy, or what seems like his “Buy” rating on Bank of America since the end of World War II, or 4 years after Bove’s birth. […]

ZeroHedge: Dick Bove To Leave Rochdale Monday

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. After joining the firm in 2009, everyone’s favorite banking analyst has decided that, according to Dow Jones, Monday is an opportune time to jump the sinking ship that is AAPL-stricken Rochdale Securities. Given the opportunities out there for one more […]

FINRA Arrives After The Fact To Put Out The Fire Caused By Burning Apples At Dick Boves Employer, More Jokes To Ensue!

WSJ.com reports: The Financial Industry Regulatory Authority is investigating alleged unauthorized trading at Rochdale Securities LLC Daniel Crowley, Rochdale’s president, said Finra, a Wall Street self-regulator, was investigating trading that has put the company in a precarious financial position, adding, “The firm is recapitalizing and should be talking to the market shortly.” He declined to […]

The Blog That Could Have Saved That Investment Bank – Or – Beware Of Those Poison Apples!!!

 In the post After My Contrarian Calling Apple’s 3rd Miss Accurately, I Release My Apple Research Track Record For 2 1/2 Years, I came clean with the historical performance of my Apple research. Of course, many a hater had their hearts crushed as math and common sense once again ruled the day. Still, we see herd […]

Dick Bove’s "Too Little To Fail" Employer Needs Up To $1 Billion Bailout

The saga of Rochdale, or the firm that is now officially Too Little To Fail, following its hilarious screw up in Apple trading as reported previously, when it got the size if not direction of AAPL stock post earnings wrong, and as a result the guy who otherwise would have had a massive X-mas bonus […]