SEC only got the shoplifters this time.

GREAT INTERVIEW: Foster Winans talks about his insider trading conviction. Foster if you recall wrote the Wall Street Journal “Heard on the Street” column. In 1984 there was no CNBC so this was place to get information. His quote "The only reason to invest in the market is because you think you know something others don’t” Echoes. Foster gives us his take on today’s story about the (UBS) Morgan Stanley insider trading scheme and why Goldman Sachs (GS) is #1 insder. Fosters WIki page. Pete joins in from Optionsmonster who had unusual trading activity in (TXU) last Friday. Mentioned Newmont (NEM) April 45 Calls CoffeyGrinds LIVE. Listen to the interview

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