Blogger Backlash to the Backlash Begins

Let’s say that you’re a market commentator or financial blogger… If earlier this year you predicted that unemployment would climb higher than 10% and that the market would be crushed, would you now be considered half-right or half-wrong by your followers?  Will you be rewarded for nailing the unemployment number or hated for keeping readers out…

Hot Links: The New King of Wall Street

Stuff I’m Reading this Morning… Ending second worst decade for US stocks in history, The Dow has lost 9.2% over the last 10 years.  (Bespoke) No stranger to scandal himself, Larry Kudlow has some advice for Tiger Woods.  (CNBC) BlackRock passes $3.2 trillion in assets, CEO Larry Fink is the new King of Wall Street. …

Market Rallies Without the Banks

Did you happen to notice that today’s triple digit rally happened without the banks? JPMorgan cut estimates on its peers in financialville and no one seemed to care. Here’s what some of the Money Center banks did on the day: Laggards in Price Performance (Intraday) SUNTRUST BANKS [sti] -1.82% T C F FINANCIAL CORP [tcb]…

The Biggest Market Call of the Decade

Yes, I’m about to give props to Goldman.  Deal with it. The single biggest, most profitable market call of the last decade was made in 2001 by economist Jim O’Neill, then working at none other than Goldman Sachs.  The call was made in Global Economics Paper #66 aka “Building Better Global Economic BRICs” and it…

Hot Links: Cramer Reverses on Trader Tax, Taleb in Exile & Flying Cars

Stuff I’m Reading this Morning… Stocks set to rip at the open as Dubai gets the rearview mirror treatment and China posts big data.  (Bloomberg) The Andrew Ross Sorkin op-ed on Dubai, A Financial Mirage in the Desert.  (NYT) Our economic consequences for being fat slobs.  (InvestingCaffiene) A guide to November’s stock buyback announcements, including…

Help to Defeat the Mindless Trader Tax

There’s a petition online to oppose the so-called Trader Tax bill (H.R. 1068, also known as the “Let Wall Street Pay for Wall Street’s Bailout Act of 2009“). James “Rev Shark” DePorre (a professional trader and columnist for TheStreet.com) has collected over 30,000 signatures and over 60,000 letters and emails have gone to congress so…

How the Stock Market is Like My 3 Year Old Daughter

I’m finding a great deal of similarity recently between the stock market and my 3 year old daughter. They both: Like shiny silver and gold things Throw tantrums when they don’t get what they want (low interest rates, lollypops etc.) Are easily bored, always in search of new toys/games Usually take a nap between noon…