Advisors Doing Less Than 300k Are Not Cutting It at UBS

According to an article in Registered Rep last week, advisors producing less than 300k a year are no longer welcome at UBS.  Merrill Lynch also rolled up the welcome mat on producing brokers and advisors below that threshold back in December. Now that the larger, inefficient firms have decided to no longer nurture smaller producers,…

More Hot Links: Girls, Booms and Chrysler

More Hot Links for Weekend Reading Ken Belson bring us Things to Remember the Boom By in the New York Times, a thoughtful piece in which the author notices the dozens of empty $2,625 seats at the new Yankee Stadium and remembers other items that epitomized the ’03-07 era. That character from Fiat who is…

We Are All Flint, Michigan Now

Below is a post I did for Clusterstock (The Business Insider) this week… Raise your hand if you had to sit through a presentation of the film Roger and Me in high school… Yeah, me too.  Michael Moore‘s scathing expose of how General Motors and its then chief executive Roger Smith destroyed an auto-assembly-dependent town…

Hot Links: Poor Celebs, Spitzer, Analysts in Love & Holy Trading

Hot Links for Weekend Reading Let’s kick things off with Stockwire’s list of Celebrities who are poorer than you, including Gary Coleman and Kim Basinger. Next up, here’s the story of an analyst who fell in love with the CEO of a company she covered and what FINRA decided to do about it…Bill Singer’s BrokeAndBroker.com…

TGIF Market Recap: Impossible Rally Continues

[youtube=http://www.youtube.com/watch?v=2YFkcwtpGZo] The Reformed Broker, AKA Colonel Mustard, here with today’s Market Recap… Ford beat their numbers today, the sun was shining here in Manhattan, ummmm I don’t know.  I’m trying to come up with reasons for why the Dow was up triple digits all day, but I guess sometimes, there are no answers.  Shortie spent…

Who Else Got Pushed Around by Hank Paulson?

I just sat down and digested the B of A/Merrill Lynch Merger Investigation letter and I felt like I was reading excerpts from a Godfather IV script treatment. Ken Lewis is no innocent, but Hank Paulson comes off like a f@ckin’ psycho in Andrew Cuomo‘s letter to the SEC and TARP oversight committee.  Cuomo basically…

Can It Be? Really? A Ford Turnaround?

Here’s a new Analogy for y’all: Ford is to General Motors as The Jeffersons are to Sanford and Son While Chrysler and GM currently subsist on bridge loans from the government, Ford (F) is Movin’ On Up as their latest quarterly results came in better than expected on multiple fronts… From TheStreet.com: Ford (F) beat the first-quarter estimates…

Market Recap: Hotel, Motel, Holiday Inn…

[youtube=http://www.youtube.com/watch?v=-PKhMe3e0uU] The Reformed Broker, AKA Derick Sermon, here with today’s Market Recap… They loved everything about Apple (AAPL) today, and the stock was up over 3 bucks from the open.  iPhones and China are like peanut butter and chocolate, a can’t-miss combo.  Anything hotel or lodging-related was also on fire, with the Hotel/Motel REIT sector rallying over 12%…

Stress Test: Throw Another Trillion Into The Woodchipper

Waiting with baited breath for the results of the US Government’s 19 bank stress tests?  Here’s an appetizer from the folks over at Keefe Bruyette & Woods, who’ve conducted their own stress test: From Bloomberg: U.S. banks may need another $1 trillion in capital to cushion against losses as unemployment rises and borrowers fall behind…

German Sex Bailout

German whores need stimulus, too. I know, I know…too provocative an opening sentence.  I learned that from Rupert, you’re lucky that wasn’t the title. From Reuters: In Germany…one of the few countries where prostitution is legal, and unusually transparent, the industry has responded with an economic stimulus package of its own: modern marketing tools, rebates…