The Dinosaur Trader Says Goodbye…For Now.

One of my fave bloggers announced the closing of his site yesterday and I thought I’d reprint the note he put out to his loyal readers (I am one of them). From Dinosaur Trader: I’ve written this blog for over 2 years amidst the worst period in my 10-year trading career. It has been a…

This Just In: Wells Fargo Secondary Announced

Reuters just reported: 1869 RAS 08:12 WELLS FARGO & CO ISSUE TO RAISE $7.5 BLN- SOURCE =A3 1868 RAS 08:10 WELLS FARGO & CO TO SELL 341 MLN SHARES- SOURCE =A2 1867 RAS 08:10 WELLS FARGO & CO WFC PRICES STOCK ISSUE AT $22 PER SHARE Where did we hear that first? Oh, yeah…Doug Kass’s…

My Interview with Cody Willard

The good folks over at the Fox Business network reached out to me and asked if I’d be interested in talking to any of the personalities for this site.  I jumped at the opportunity to do a Q & A with Cody Willard, the host of Happy Hour, who’s also done some great writing for TheStreet.com…

Market Recap: Stressin' the Test

[youtube=http://www.youtube.com/watch?v=W6CfC3Iax-Q] The Reformed Broker, AKA Daniel Faraday, here with today’s Market Recap… You knew we were due.  The market was exhausted and needed a break.  Now the big question is whether or not that was the end of a massive bear market rally, or just the beginning of something else. I’m undecided, but I’ll work…

This is the Remix: TRB vs. Geithner

Treasury Secretary Timothy Geithner wrote an op-ed in the NYT today outlining how the stress tests on 19 of the largest US banks were conducted. This is the remix… THIS afternoon, Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve and the butcher, the baker and…

Mortimer, We're Back: Return of the Broker

[vodpod id=Groupvideo.2483668&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] X I saw a piece in the Journal today that blew my mind.  After everything we’ve been through since the fall of 2007, retail stockbrokers have begun to leave their turrets in big numbers this spring: From the Wall Street Journal via Barry Ritholtz: In April, more than 2,800 people registered as brokers…

Market Recap: The Banks!!!

[youtube=http://www.youtube.com/watch?v=5Mum6ggkBJs&feature=related] The Reformed Broker, AKA Nouriel Houdini, here with today’s Market Recap… The news hit this morning that Bank of America (BAC) needs another $35 billion to remain solvent…so how did the market react? We took the money center banks through the f@ckin’ roof! Here’s the 3 o’clock look at the sector: Industry Top Performers…

If the World Runs in Real-Time, Why Can't the Fed?

Look, we’ve had only one soft landing since the Second World War. Basically, we’ve got it wrong every single time. Vivek Ranadivé, Founder of TIBCO Malcolm Gladwell, the author of The Tipping Point, turns in yet another juicy discourse, this time on the fact that David beats Goliath more often than you’d think, in warfare,…

Meltzer: Are We Tough Enough For The Coming Inflation Battle?

“No country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.” Allan H. Meltzer, May 3rd 2009 In Allan Meltzer’s excellent New York Times op-ed piece from May 3rd, we are taken back…

Brokers Selling Pretzels…WTF?

Chicago finally got it’s very own Madoff.  His name is Charles Mosley and along with his partner Eric Bloom, he’s been a bad boy. But this guy’s not an outright thief, he’s more like a reckless moron… From Bloomberg: As Sentinel Management Group Inc. neared collapse in August 2007, piling up $950 million in losses..(the…