Tuesday, February 27, 2007

Interesting day on Wall Street............

I took about 4 hours of sleep last night and woke up to Bloomberg TV at 5 am. China was off about 9%. I rolled over and knew things were headed down in the U.S..........to be expected and overdue. There will be some chaos, no doubt some hedge funds will be in trouble and Wall Street trading desks will circle the wagons to feed on those clients, "near-death". Everybody loves a big loser on Wall Street, it makes the bonus's bigger.

My concerns are the health of the Chinese market infrastructure, the mortgage market here in the U.S. as option ARM's haven't stopped the foreclosure carnage, higher gas prices and leverage in the hedge fund universe. 416 Dow points aren't much. An old favorite of mine, Cogent (COGT) was up over 3% today, an amazing performance.

Ask yourself, what's changed?

Maybe the Goldman Sachs "guru's" who run the NYSE should invest some more money into some new Cray's. They need more computing power, not more specialist firms.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173