Joshua M Brown

Jamie Dimon For President

Jamie Dimon doesn’t just Beat the Street, he Owns the Street.  I read somewhere that 20% of the world’s money market funds were currently with JPMorgan Chase.  I can’t remember where I heard it, but if that’s even close to accurate, that’s a remarkable statistic and it shows you who’s going to be the big…

Market Recap: Stocks and Lindsay Lohan on the Rebound

[vodpod id=ExternalVideo.810875&w=425&h=350&fv=key%3D0d646e2edb] The Reformed Broker, AKA Pine Cone Jones, here with today’s Market Recap… Much like Lindsay Lohan (from my hometown), who, according to the above eHarmony video, is getting back on the dating scene, stocks rebounded today from yesterday’s bout of profit-taking. The true battleground today was at 840 on the S&P, which my…

Paid Newspaper Sites? What. Ever.

[vodpod id=Groupvideo.2371771&w=425&h=350&fv=] Here’s another venture trying to figure out how to throw up a 20th century gate in front of online newspaper content: From the New York Times (still free): Three longtime media executives are building an automated system to allow newspapers and magazines to charge for online access…Journalism Online L.L.C., aims to supply publishers…

Market Recap: Hot Hospitals & Goldman's Lyin' Eyes

[vodpod id=ExternalVideo.810392&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The Reformed Broker, AKA The Iron Condor, here with today’s Market Recap… The double and triple-long bank crowd may have stayed one day too late as the financials took a breather, with the KBW Bank Index (BKX) off over 6.5% on the day.  Maybe the enthusiasm for the group waned on the heels of Goldman‘s…

The Two Most Important Points From Today's Goldman Call

Goldman Sachs held an earnings conference call early this morning which was live-blogged by the New York Times‘ columnist Floyd Norris.  Good, ’cause I had some Cookie Crisp cereal to eat right around that time.  Congrat’s on your $5 billion capital raise, but I gots to feed the machine. There were two notable things on…

Handicapping Earnings Season with the Notorious B.I.G.

I’m a huge fan of the guys over at Bespoke Investment Group, AKA B.I.G. Above is a chart showing the companies with the biggest upward revisions in earnings per share estimates over the last month.  This info is exceedingly helpful if you’re looking for trading candidates going into this searnings season.  They also have a graph…

When Its Time To Raise Rates, Will Bernanke Have The Stones?

An article in Bloomberg raises some very interesting questions and I though I’d open up the discussion on these three: 1.  Since Bernanke has clearly chosen Keynes over Friedman, pumping in liquidity with the belief that inflation will be held in check, will this “end in tears” as Fed historian Dr. Allan Meltzer believes? 2. …

Market Recap: Bank Shorts Were Lunch Meat Today

[youtube=http://www.youtube.com/watch?v=mGMT99i00M4] The Reformed Broker, AKA Jackie Treehorn, here with today’s Market Recap… Plenty of traders put on bank stock shorts on the heels of last week’s positive pre-announcement from Wells Fargo (WFC).  They didn’t like how the numbers were put together or thought the move was too much or both. Their money was confiscated today as…

Fun With Analogies: Spring 2009

First let’s practice: Meow is to ___ as woof is to ___.  The answer? Meow is to cat as woof is to dog. OK, are you ready to continue?  Great! ______________________________________________________________ Maxine Waters is to Finance as Lindsay Lohan is to Sobriety Charlie Gasparino is to CNBC as Dr House is to Fox Andrew Cuomo…

The Goldman Sachs Backlash is Picking Up Steam

  Goldman Sachs (GS) has been able to stay above the fray more than most of its (former) competitors over the last 6 months.  Its share price has stayed above single digit-ville and Buffett‘s investment in the company was seen by many as the Omaha Good Housekeeping Seal of Approval.  Now that AIG has been incinerated…