Disclaimer: My commentary below is strictly a relaying of publicly-available news from major publications. I have absolutely no interest in being responsible for anyone’s investments who reads this website without doing their own homework. OK, I had to satiate the gods of regulation. Now that it’s just us adults, I thought I’d discuss yesterday’s news…
July 2009
Breakfast Links: Housing Bottoms, Car Wars & Pigs in the Hamptons
Stuff I’m Reading this Morning… Major firm strategists move around their year-end S&P 500 targets, as if anyone cares what they think anymore. (BIG) I agree with this one, farewell Geneva asset management biz…do some actual work. (Minyanville) Bank failures accelerating. (TBP) Ezra Klein on the new Menu Labeling trend. (WaPo) Henry Blodget explains the…
Business of Baseball: Yankees President Randy Levine on Happy Hour
When the gang from Fox Business invited me up to the Bronx to check out the new Yankee Stadium and be a fly on the wall during a live taping of Happy Hour, I jumped at the chance. This was my first time at the new stadium, and while the Mets‘ new Citi Field is…
Does Microsoft Have It's Swagger Back?
[vodpod id=Groupvideo.3040005&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Over the weekend, the eggheads at Knowledge@Wharton posted an update on Microsoft‘s new focus on driving innovation. The score so far is something like Google/Apple 50, Microsoft 1 (Bing‘s working) in terms of innovation, but in technology, this can change out of nowhere (see Palm Inc for an example). It’s also worth noting…
Breakfast Links: Schumer, Bernanke & The God of Email
Stuff I’m Reading this Morning… The Hard Rock Hotel in Las Vegas is undergoing a big expansion right now…good timing. (AP via Yahoo) Seantor Schumer asks SEC Chief Mary Shapiro to ban high frequency trading. No Goldman campaign money for you, Chuck. (Bloomberg) The Great Preventer op-ed: Why Nouriel Roubini thinks Ben Bernanke should be…
Bespoke's Best and Worst Earnings Reactions: Q2 2009
Bespoke rocks. For those of us who play earnings season like a full contact sport, it’s nice to have a scorecard. Below is a look at how your favorite names traded after releasing their earnings (or lack thereof) this quarter. I’ve posted the winners, for the worst reactions, visit Bespoke Investment Group: BIG
Josh Brolin to Get Villain Role in Wall Street Sequel
From Deadline Hollywood Daily: I hear Josh Brolin on Monday will get an offer to star as the villain in Oliver Stone’s Wall Street sequel. Fox’s first choice was Javier Bardem, but he turned down the stock-shorting hedge fund manager role. And, with the film’s start date fast approaching, I’m told that Stone and screenwriter…
More Hot Links: Sarah Palin, Bill Gates & Comic Con 2009
More Hot Links for Weekend Reading… Revenge of the debtors…the revolt of the indebted begins. (NYT) A few ways to look at whether or not the market is cheap right now. (PragCap) So the Fed has set up an “Investor Advisory Council”, chances are you’re not invited. (Jesse’s Cafe Americain) The shorts are capitulating. (Bloomberg)…
Mauldin Takes on China's Growth Story
In John Mauldin‘s excellent Thoughts from the Frontline newsletter, the subject of The Statistical Recovery is covered, with an interesting aside about China’s growth prospects. Below is his commentary on the chart above: A few side observations on the above graph. China is roughly as big as the other three of the BRICs (Brazil, Russia,…
Hot Links: CNBC, Fox Biz & Larry Summers
Hot Links for Weekend Reading… Bronte Capital takes on these phony baloney explanations of how Goldman Sachs could have made $22 billion in High Frequency trading. (Bronte) Speaking of Goldman, how has Warren Buffett fared with his stake? (Hint: he kicked ass so far). (DealBook) I thought this faux-CNBC homepage artwork was hysterical. (TBP) Even…
