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Friday, August 19, 2011

Free the WM3



I hope the West Memphis 3 get out of jail today.  I can't imagine spending half my life on death row for a crime I didn't commit.  Their conviction was a blackeye for the Arkansas judicial system.

Surprise Court appearance for WM3


The announcement on Thursday fueled speculation among supporters that the hearing could mean good news - including a new trial and possible release from prison - for those who believe the men were wrongly convicted.
The Craighead County Circuit court in Jonesboro, Arkansas, will "take up certain matters pertaining to the cases" of convicted murderers Damien Echols, Jason Baldwin and Jessie Misskelley Jr., according to a statement issued by Craighead County Circuit Judge David N. Laser.
Last month, a status report on new DNA evidence was filed in Craighead County court. It failed to link the crimes to the men convicted in the murders, advocates said at the time.

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I couldn't write this any better so I'm copying it from Stansberry Research:

I read a Yahoo headline this morning that said "Wall Street Tumbles on Economy, Bank Worries."

Has the economy worsened dramatically since Monday, when the S&P 500 rose 2%?

The market must be chock-full of world-class mathematical geniuses, all of them hourly divining the future path of the entire global economy, instantly calculating its effect on the intrinsic value of the 500 largest U.S. corporations, then buying and selling at just the right moment. I wish I could do that.

If someone asked me the secret to investing, I wouldn't tell them to learn to interpret reports based on numbers by a bunch of economists… who, after all, are just math students who made a bad career choice. Do you really think these numbers have any bearing on the value of equities or other investment choices? The S&P 500 went up 2% Monday. Was everybody stupid on Monday? But they're all geniuses getting it right today, as the S&P 500 falls 3%?

It seems hardly anyone involved in the stock market cares about investing. They mostly care about the utterances of so many anonymous economists. Shakespeare said first we shoot all the lawyers. I say make the economists stand in front of them.

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Business Insider has some funny content.  Here are their list of Obama Postcards From Martha's Vineyard.



1 comment:

  1. I think your article from Stansberry research hits the nail on the head... Reminds me of a recent conversation you and I had about the insane valuation (or lack there of) of some companies in the market. If you can sell a company and all of its assets in the real world for more money than all it's shares are worth in the market, it leads me to believe that the company might be a little undervalued in its stock pricing. (Note extreme rolling of eyes here) Makes me wonder what the mystical 8 ball of trading will tell the traders to do today, Buy or Sell?

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