[ siren wails ] narrator september 11, 2009 an ambulance races to the posh newport beach, california, home of financier danny pang. He was only 42 and relatively thin. You had to kind of wonder what [ chuckles ]. What was behind this. Mr. Pang was under electronic monitoring, and they saw his bracelet when they took him to the hospital, obviously. Narrator pang, who is on house arrest, is under investigation by the feds, accused of defrauding investors out of nearly a billion dollars. The embattled entrepreneur clings to life overnight, and with his silence comes more questions about his alleged dirty dealing. He left all these disturbing clues through his whole life where people who were close to him felt theyd been deceived. Narrator danny pang is born in taipei, taiwan, on december 15, 1966. His father, he told people, was some kind of a trader. His mothers family owned some kind of furniture manufacturing business, and they were reasonably welloff. He went to a very Prestigious Mid
[ siren wails ] narrator september 11, 2009 an ambulance races to the posh newport beach, california, home of financier danny pang. He was only 42 and relatively thin. You had to kind of wonder what [ chuckles ]. What was behind this. Mr. Pang was under electronic monitoring, and they saw his bracelet when they took him to the hospital, obviously. Narrator pang, who is on house arrest, is under investigation by the feds, accused of defrauding investors out of nearly a billion dollars. The embattled entrepreneur clings to life overnight, and with his silence comes more questions about his alleged dirty dealing. He left all these disturbing clues through his whole life where people who were close to him felt theyd been deceived. Narrator danny pang is born in taipei, taiwan, on december 15, 1966. His father, he told people, was some kind of a trader. His mothers family owned some kind of furniture manufacturing business, and they were reasonably welloff. He went to a very Prestigious Mid
[ siren wails ] narrator september 11, 2009 an ambulance races to the posh newport beach, california, home of financier danny pang. He was only 42 and relatively thin. You had to kind of wonder what [ chuckles ]. What was behind this. Mr. Pang was under electronic monitoring, and they saw his bracelet when they took him to the hospital, obviously. Narrator pang, who is on house arrest, is under investigation by the feds, accused of defrauding investors out of nearly a billion dollars. The embattled entrepreneur clings to life overnight, and with his silence comes more questions about his alleged dirty dealing. He left all these disturbing clues through his whole life where people who were close to him felt theyd been deceived. Narrator danny pang is born in taipei, taiwan, on december 15, 1966. His father, he told people, was some kind of a trader. His mothers family owned some kind of furniture manufacturing business, and they were reasonably welloff. He went to a very Prestigious Mid
Know the american first people. They wanted to keep us out of foreign wars stay home and build a big moat and today a country famous for cuckoo clocks does something cuckoo sending our markets down s p tumbling and nasdaq plunging 1. 48. Why do i want to come . Let me start with the foreign wars the foreign currency war going on in europe . I dont know where it is this morning. The swiss decided to make the currency stronger versus the euro, one of the necessary but still shocking things that spits land had to do to keep hot money flowing out of euro denominated banks into swiss franc denominated banks. Their banks were becoming too much a part of the swiss economy and weve seen that that can lead to disaster, ireland, cypress and ireland. As much as this was good by the regulateors wanted this its stunned currency traders were wondering the companies that owe Swiss Bank Money may not be able to pay back that money because the currency got strong. Scary. Now, none of that really matter
Nasdaq jumping. 71 . Weve got to ask yourselves, what continues to propel the bull . I got one for you. How about a stock shortage . How about a supply demand imbalance across multiple sectors of this market . Ive got three different examples of stock shortages that i think can put this particular part of the rally in perspective. The first, its one of the Largest Companies on earth. Its exxon, which vaulted 1. 91 today. How in heavens name can exxon, one of the Largest Companies rally like a small capitalization stock . How did this happen . First, exxons a changed company. After not growing much at all for the last seven years, its suddenly possible that in 2014 this company will show 5 production growth. This is a big, big company, which i point out in get rich carefully is the single most important indicator of where an oil stock is going to trade. They dont trade on earnings. They trade on production growth, and exxons could be 5 . Second, exxons been ignored for years. As we focu