The Times urges Goldman to donate bonuses to National debt

The New York Times laid down a particularly (and rightfully so) scathing editorial on the joke that is Goldman Sachs. Urging them to instead of handing out some 16.7 BILLION with a B for bonuses this year after being bailed out by the government only months earlier to donate the money towards the national debt. It truly is a disgusting display of malfeasance celebrated. It disgusts me that a company can drive itself to ruin and yet after being mercifully saved, then go and spit in the face of those that helped it. The idea that the Times promotes is novel yet makes sense in the face of the arrogance of the current situation. By donating the money to the national debt, some level of good will is at least attributed to the company from citizens who will never see a dime of the current bonuses. I think its a great idea, I'd like to think some shareholder would also support the idea, I think it would be a great thing to do indeed.

So what does this mean?

I have certainly no doubts that the worlds climate has been affected by humans especially during the past 200 years as industry (and population increase) have certainly contributed to climate change but when climate change and global warming as one and the same its confusing and just not true. Global warming is a theory that the worlds average temperatures are rising as a result of increasing carbon emissions. This article if the published emails are indeed true (which I have no reason to doubt if the first one released has already been confirmed) those ringing the panic bell have some serious issues. Climate change and global warming are right now very 'trendy' research opportunities- which the majority of studies based on supporting the claims; So if you are PAID researcher are you going to report data that does not support the group that is supporting you? Of course not (unless you want to be out of a job) And because your research is not double blind you can get the data to say whatever you want (usually 'proving' global warming). And these are people from NASA and several other 'credible' sources. Now the credibility of all the research is essentially zero; so we go from panic mode where we must do something to, well maybe we should do some more research first. Which to me is just horrible; we do need to be more careful on how we pollute the environment and how we burn carbon fuels and we need to be more responsible towards the environment, but now we seriously have a credibility issue and a serious push is going to made by fossil fuel burning and pollution industries and lawsuits starting all over the place none of which will help the environment. Is the moral here that we love our panic driven madness? (Al Gore?) Or that we love our money and lets face it- we know how 'moral' the big banks and Wall Street and the mess they got the economy in, how are these research 'tweaks' unexpected?

IO Jumps Again

I owe I owe so off to work I go

IO moved again today for no apparent reason. Cool. No reason, no news, just massive volume and a nice move up

IO

1:23pm ET

5.48

0.94

20.71%

5,382,175

So that's a jump from 3.39 to 5.48 which a respectable 61.7% return.
I'm not really what to make of this, the volume says that this has legs... so I'm holding.... but I am curious, I haven't seen this kind of move without news.... well not recently.. We'll see how it goes.

DGIT Moves!

Sorry to have hijacked the blog into an investment newsboard but its one of the few things I make sure I check on several times a day (that being the portfolio) and no its not a good habit but its not overly time consuming.... is it?

Today we got a nice jump on DGIT's earnings and an announced Google deal. Seems like if you are a small company and you get Google's name somewhere its always good. The conference call is at 11 so I think (I'm still overweight with DGIT so today is a good day to move some) going to try and sell some 25 Nov calls... this should give me a really nice profit should the call be bad/or the stock settles after this pop before November 20th. The bid on a Nov call is currently 65cents, which is still another 3.5% premium on the current price. The ask is 85. I may sell a couple calls going into the call, and hope its not stellar. Otherwise I'll still have about 2/3 my original quantity left. We're now up 20.4% since the blogs first posting. I'd be careful about any other stocks I listed now; I'm due for some bad news =)

Right now however, its riding a nice wave....

EDIT: As of 11:36 the Google news seems well accepted (It has to do with HD commercials/advertising) , and the stock has continued to move, I had sold a couple calls at .90, currently the ask on that is 1.3 so that's unfortunate, price is $25.60. Currently commenting on HD conversion of cable.