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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (2414)12/15/2014 9:50:36 AM
From: Jerome  Read Replies (3) | Respond to of 26834
 
Hi Kirk,...following is an article from Business Week.

Now at the Sands Casino: An Iranian Hacker in Every Server
businessweek.com

Digital security is an after thought with most companies, because it adds nothing to the bottom line. But these Iranian hackers cost Sands Casino $40 million dollars to replace damaged servers and computers.

Security comes in two packages....Corporate networks, and Bank issued credit or debit cards. Both are in the business of blaming each other for DATA breaches.

Target and Home Depot have offered customers a year of free credit monitoring following their DATA problems. But What the heck good is that if someone charges $5000 and it takes you countless hours on the phone to get the charges removed from your account ? And your credit rating is trashed.

I check my bank balances every day and look for any charges that I did not authorize. I did catch two problems in the past year. Someone in California purchased some airline tickets on my credit card. Within the hour I got the bank to deny the charge before the transaction settled, (Huntington Bank). But I think a better way is to do most transactions in cash, and suspend credit cards when they will not be used for a given period of time. They can be reactivated in a few minutes time if they are needed.



To: Kirk © who wrote (2414)12/16/2014 9:24:36 AM
From: Chip McVickar  Read Replies (1) | Respond to of 26834
 
So today we have foreign investors pouring into treasury's... the junk bond markets over heating and the FED meeting...

I think the FED will stay put and not change their directives...

Plus we have Russian Ruble falling apart in a similar fashion to 1998... they're attempting to save its currency.

Wonder if we'll get a 20% sell-off in these markets...?

Still don't believe "bond bubble" is the right imagery... but you know more then I do about bonds.

Especially since we're not in one... but the bond markets aren't normal either... just manipulated artfully.