A Metaphor for Being Short AIG

This is what it must feel like to have been short AIG this month… [vodpod id=Groupvideo.3212572&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] X X X Full Disclosure: I have no positions, long or short, in shares of AIG for client or personal accounts. Nothing on this site should be construed as advice or an invitation to buy or sell any securities,…

Hot Links: Trailer Park Ponzi and Sleeping Bunny Wabbits

Stuff I’m Reading this Morning… Story of the day:  Why and how the hell could AIG have just doubled?  (NYT) John Paulson‘s shiny new position in Citigroup, Jay’s coverage of Paulson is the best I’ve read.  (MarketFolly) A quick look at individual investor sentiment over at the Notorious B.I.G. (Bespoke) Goldman‘s memo re: the trading…

Droppin' Knowledge: Howard Davidowitz Unleashed!

[vodpod id=ExternalVideo.865317&w=425&h=350&fv=]   Something about Howard Davidowitz gets me pumped!  Even when the subject he’s pontificating on is universally negative, such as the prospects for most retailers and consumers this year. In the above video from Yahoo‘s Tech Ticker, the retail industry maven keeps it real and confesses his utter shock at the disconnect between consumer/…

The Five Stages of Panic Buying

I talk to a ton of traders, portfolio managers, brokers and high net worth investors, both on and off Wall Street.  Most of them have engaged in a bit of panic buying at some point this summer as the 50% rally in US stocks surprised many smart players. Panic buying is what happens when you…

Hot Links: Jim Chanos, Steven Seagal & the Zombie ETFs

Stuff I’m Reading this Morning… Abnormal Returns covers the concept of Zombie ETFs…a new development for this industry.  (AbnormalReturns) Ain’t no party like a RothCap party ’cause a RothCap party don’t stop.  (NYP) Not all bailout CEOs are created equal: Benmosche (AIG) vs Pandit (Citi).  (BreakoutPerformance) The league tables for inflation rates throughout history…cool.  (InfectiousGreed)…

Congrats to the StockTwits Gang

I want to take a moment to congratulate the StockTwits guys who rang the closing bell for yesterday’s trading session over at the NASDAQ Marketsite. I met Howard Lindzon, Upside Trader and the rest of the gang at a Bacchanalian loft party earlier this summer.  They’re all great guys and, without a doubt, they are…

Doug Kass: 10 Reasons Why The Market Has Likely Peaked For The Year

“I am less confident as a decade of hocus-pocus borrowing and lending and 35-to-1 leverage at almost every level in both private and public sectors cannot likely be relieved in the great debt unwind over the course of only 12 months.” -Doug Kass, August 26th 2009 Doug Kass has made some tremendous calls over the…

Hot Links: Whither Mainstreet?

Stuff I’m Reading this Morning… PAY ATTENTION: China curbing overcapacity in steel, cement industries.  (Bloomberg) Wall Street recovers.  Main Street?  Not so much.  (Clusterstock) Everybody Hurts: even law school students feel the recession.  (NYT) Forbes on the passing of Senator Edward Kennedy.  (Forbes) If you haven’t read Bailout Nation yet, here’s are 20 reviews to…

Larry Summers' "To Do" List

Today, President Barack Obama announced his reappointment of Federal Reserve Chairman Benjamin Bernanke to another term.  Economic advisor Larry Summers, whom many had speculated would be Bernanke’s replacement, must not have taken the news well. The following To Do List was found in a trash can on Pennsylvania Avenue… Read Also: Lucan Van Praag’s “To…