Give the Black Swan a Rest for 2009; The Search for a New Metaphor

With the fresh start we’ve been given, if only by the calendar, I’m here to say that enough is enough – let’s put the over-referenced, tired Black Swan trope into retirement. Just in case we get another year of absurdity and hyperbolic surprise, I’ve come up with a few equally improbable animal variations that could take it’s place for 2009

Interview with Johnny Upside: Fund of Fund of Funds

Today we bring you an interview with Johnny Upside, a Wall Street hotshot armed with an MBA, very little brain power and a limitless ego and sense of entitlement.  Johnny possesses only one real talent – the ability to show up wherever the big money is being made.  Unfortunately, his very presence usually means that…

Barron's Buzz: January 4th, 2009

Quick thoughts on this week’s Barron’s… Bubble in Treasuries?  Yeah, probably…Read the cover article, called Get Out Now by Andrew Bary and you decide. Kopin Tan does the obligatory “cash on the sidelines about to come into the market” story in The Trader column.  I’ll admit, the figures are huge, but they’ve always seemed huge,…

Slightly Used Ticker Symbols For Sale: MER and WB

On a quiet post-New Year’s Friday, two of the most widely followed stocks disappeared from Quotrons and trading screens around the world: MER and WB.

As Merrill Lynch and Wachovia begin their new lives as foster children of Bank of America and Wells Fargo respectively, the question remains, what will happen to their orphaned call letters? Do they end up on the Island of Misfit Ticker Symbols?

Hot Links

Hot Links for Weekend Reading: Paul Kedrosky posts the 2008 words and phrases that should be banned from 2009 on Infectious Greed.  My fave’s for banning for this year are Staycation, Carbon Footprint and of course, Bailout. Over on Dealbreaker, Equity Private posted the Top 10 Reasons I Invested My Entire Fortune With Madoff.  Reason…

Graduating in a Bear Market? Wall Street's Not Hiring.

With graduation approaching for the Class of 2009, college seniors are scrambling to find jobs by the spring. Let’s hope they don’t have their hearts set on Wall Street. By the time the big unwind is through, Wall Street (and peripheral sectors) will probably have lost more than a quarter of a million jobs. Unlike ’87 or ’01-’02, most of these jobs won’t be coming back.

Doug Kass Rolls Out 2009 Predictions, Ignore Them At Your Own Peril!

In taking a page from Byron Wein of Morgan Stanley fame, Doug Kass has been listing 20 outlying possible events for the coming year for a while now and in ’08, he absolutely killed it. 60% of his 20 predictions for 2008 came to pass, including some of the more far-fetched ones.

Yesterday, Kass’s 2009 list came out…

Hedgies Still Hearing "Redemption Song"

[youtube=http://www.youtube.com/watch?v=VaRXuJ0eTDo] “Redemption Calls“, sung to the tune of Bob Marley‘s Redemption Song. Old clients, yes they call I ask me for the NAV. Minutes after I sold stock, into a bottomless pit. But my fund was made strong by the black box it was built on. We trade in this generation, leveraged to the gills….

Barron's Buzz: December 28th, 2008

Quick thoughts on this week’s Barron’s… Cover story on Mark Hurd and the profitability of Hewlett Packard…Yawn.  As they say on the Dealbreaker message boards, “too printery, didn’t read”. House of Cards story about credit card companies and their exposure to…to…zzzzzzz, oops, fell asleep again!  Not much new in Sandra Ward’s article, but worth a…