Galleon Hedge Fund Taking On Water

Much like the Spanish galleons of old, which sailed back to the motherland laden with the ill-gotten riches plundered from the Americas, the Galleon Group of hedge funds was nailed today for insider trading. I’ve only skimmed the indictment, but what caught my eye was the paying off of newsire service employees for an early…

Droppin' Knowledge: Fadel Gheit on Oil & Gas

Now that oil prices have joined the party, I thought I’d share some of Fadel Gheit’s thoughts on the energy sector.  Gheit covers oil for Oppenheimer and was ranked #3 on the list of Forbes‘ Best Brokerage Analysts for 2009. He spoke to The Energy Report last week about the energy markets: On the discrepancy between…

Hot Links: No Balloon Boy Coverage Here

Stuff I’m Reading this Morning… The dollar is not weak where it counts – in China.  (FloydNorris) The big BIG stock winners of 2009.  (TheFly) Morgan Stanley: according to the Debt-Equity Clock it’s time to own stocks.  (PragCap) Rolfe caught George Soros and Stephen Roach at The Economist conference, here are their thoughts:  (Reuters) I…

Peekaboo Crude! We See You!

Uh oh!  Look who just showed up at the party!  November crude breaking out into jiggy territory…hope you enjoyed those $2 and change gas prices at the pump this summer!

Recession Tales from the Heartland: The Coat Riot

God bless the Associated Press for not letting this gem slip through their fingers: By MEGHAN BARR, Associated Press Writer Meghan Barr, Associated Press Writer – Wed Oct 14, 9:09 pm ET COLUMBUS, Ohio – A woman being driven around in a rented limousine pulled up at a coat store and announced she’d won the lottery and would pay…

A Different Take on Dow 10k from Eric Bolling

On the heels of my somewhat less-than-enthusiastic take on how the Dow crossed the 10,000 mark, I got a comment from one of my fave anchors Eric Bolling, the renowned trader and co-anchor of FOX Business Happy Hour: How’d Dey Do Dat? Well… when you are a bank  and have access to free money via the Fed…

Keeping It Real: Dow Broke 10k Because IBM Didn't Split Too Often

All of my fellow bloggers are gonna do their Dow 10k pieces today, so I may as well join the cacophony… I’ve learned two important lessons from the thousands of hours of Hip Hop music I’ve consumed… 1.  “Kings lose crowns but teachers stay intelligent” – KRS-One 2.  Always “keep it real” – Various Artists…

Hot Links: The Ugliest Buildings in the World

Stuff I’m Reading this Morning… Market’s quiet ahead of earnings from Citigroup (pre-market) and Google (after the close).  (Reuters) Bloomberg should’ve bought a blog network instead of BusinessWeek.  (VixAndMore) Happy Dow 7537!  Ya know, in real dollar terms.  (ZeroHedge) What’s the investment climate like Down Under?  My mate Trader Mark knows.  (FundMyMutualFund) Wait til you…

Not All Bulls Are Dopey, Not All Bears Are Smart

The Following is a Public Service Announcement. Not everyone with a Bullish outlook is wearing rose-colored glasses a “Pollyanna” a “bagholder” whistling past the graveyard frivolous blind naive shortsighted mercurial irresponsible reckless Not everyone with a Bearish outlook is: sagacious interesting a “graybeard” rigorous thoughtful an intellectual forward-thinking a veteran cautious prophetic There are dumb…