Investors moving out of there core competence!

Happy Birthday Bon Jovi. I thought it might be a good time to play a recording I made during a sound check at Live 8. Yahoo also born on this day in 1995 at Stanford where Ben Bernanke is speaking today on globalization and monetary policy. Warren Buffet is discriminating against 70 year olds. Where is the outrage? Gillian Tett defines “Style Slippage” as a polite way to describe investors moving outside their core competency usually taking on more risk. Action in the iTRAXX crossover index. WWJB What would Jesus Buy? (CYD) (GAI) (BBC) Pete from Optionmonster talks about the recent (USB) and Morgan Stanley (MS) insider trading arrests. So much for so little. Affymetrex (AFFX) March 25 Calls and Cooper Tire burns rubber(CBT) listen to the podcast

Rock of Gibraltar (listen)

Intro: Rock of Gibraltar by Nick Cave. This morning I was reading about Japan and the yen hitting new lows. So in my ever curious mind I started wikiking things and sending out emails to get my head around this so I can explain this on the show at 9am. Gillian Tett from the Financial Times was kind enough to get back to me in regards to an article she wrote today she says.. “What central bankers and G7 really want is a stealthy, slow appreciation of the yen - I doubt they will get it”. Gillian worked at Long Term Capital Management in Tokyo in 1998 when the currency crisis and the unwinding of the carry trade sent the yen up 18%. She has even written a book on it. The EU finance ministers meet this week. Dr J called in gave us Alcoa (AA) April 35 puts Smurfit Stone (SSCC) March 12 1/2s and Sovereign Bank (SOV) Talk on U5's and more more on CoffeyGrinds at 9am and 12noon.