China Pulls Out All the Props

In the face of the possible Panda Bear Market we discussed here yesterday, it seems that the guys who pull the levers in China have opted to prop up stocks rather than let nature take it’s course. According to Reuters, they have three viable options to consider as the central bank tightens rates: Halt New…

Hot Links: Public Service Announcements

[vodpod id=Groupvideo.3238249&w=425&h=350&fv=%26rel%3D0%26border%3D0%26]    Stuff I’m Reading this Morning… Big rally in China last night, in the face of the possible Panda Bear market.  (MarketWatch) Money market funds are overdue for “drastic surgery”.  (Bloomberg) IRS Commissioner Doug Shulman on the offshore account crackdown.  (FoxBiz) What are the ten best-selling cars in the Cash 4 Clunkers program? …

5 Midget Banks I'm Watching

With the breathtaking run-up in larger banks like Wells Fargo and Bank of America, many traders are now looking at the smaller, lower quality names in the banking sector for back-from-the-dead survival plays. Above is a quick comparison I’ve put together of some of the second/ third tier banks, the ones with more regional exposure…

Enter the Panda Bear: Chinese Stocks Down 20%

The Chinese stock market, as represented by the Shanghai Composite, has doubled from it’s low this year and then peaked out in mid-July.  Since it’s high last month, it has given back about 20%, which is the standard measurement of what constitutes a Bear Market.  I am coining the phrase Panda Bear Market to describe this…

Hot Links: Buffett & The Bikers

Stuff I’m Reading this Morning… Whistleblower Harry Markopolos says Credit Default Swap fraud will top the Madoff ponzi.  (Clusterstock) Warren Buffett‘s latest op-ed just went up, it’s called The Greenback Effect.  (NYT) Don’t look up, private equity firms are about to drop some REIT IPO’s on us.  Sold to you.  (DealBook) Chinese pig farmers speculating…

Pick Your Favorite Recovery Shape!

Cindy Perman of CNBC’s Pony Blog has a great post up today that asks what shape the economic recovery may take.  The choices range from the typical U, V, and W-shaped recoveries to some more, umm, unconventional ideas, like the lighning bolt, bath tub, square root or my personal contribution to the piece, the fabled Mickey Mouse-shaped recovery….

For New Yorkers, Neighborhoods Are Worth Protecting

I’m not normally a fan of any doctrine or restriction that stifles competition.  I’m also not an ideologue and I am not interested in watching the world burn in the name of unfettered free markets.  I think there’s nothing wrong with striving for some sort of balance in business for the benefit of everyone, even…

…You Might Be a Gold Bug.

Gold bugs have been around for over 100 years, lurking at the fringes of the investment community and singing the praises of the yellow metal to anyone who will listen. As a result of the plunging US dollar, apocalyptic drops in asset prices and the commodity’s eight year bull market, gold has attracted a huge…

Hot Links: Ugly Dolls, Trillionaires & The Plant That Eats Rats

Stuff I’m Reading this Morning… The LOLFed kids require that you pay them only in stacks of Zimbabwe Dollars.  (LOLFed) Felix Salmon on who’s winning between the New York Times and the Wall Street Journal…in his vestibule.  (Reuters) One of the coolest small business stories I’ve heard in awhile: How Ugly Doll became a company. …