Top 10 New Auto Models From Detroit Next Year

So with each passing day, the U.S. automakers seem to be closer and closer to a “gentle, targeted bankruptcy”, whatever the f@#% that means.  Here’s a sneak peek at the 2010 models coming out of Detroit to a dealership near you:

Earnings Season: Wiping Lipstick Off The Pigs

As earnings season for the 1st quarter approaches, I thought I’d pass on this BusinessWeek article that is almost like a handicappers’ guide to spotting earnings red flags and number massaging.  If you are daytrading, earnings season can be a veritable Candyland, with sharp swings and volatility at every turn.  For those of us who…

Read This Book: Jonathan Strange & Mr Norrell

I just finished an absolute monster of a book, and although its not investment-related per se, it is a book that will absolutely turn you inside-out if you let it.  The author, Susanna Clarke, spent over 10 years researching and writing the manuscript and the end result is a masterpiece.  Time Magazine called it the…

This Just In: SEC's 5 New Uptick Rule Proposals

So the SEC voted to propose five uptick rule-related proposals.  The comment period, during which the SEC receives feedback from member firms, will be 60 days before anything is decided on. From Pensions & Investments: Among the proposals being considered, one is to reinstate the original rule that was introduced in 1938 and was in…

The Macy's Bodyguard, and Other Little-Known Security Perks

The eagle-eyed Michelle Leder (of footnoted.org) dug up an interesting detail from a recent proxy filing by Macy’s (M) and posted it in her Dealbook column: From Dealbook (NYT): In the filing, the company (Macy’s) said it spent nearly $300,000 last year as part of the company’s “car program” to provide Terry Lundgren, the company’s chairman…

About F&%$in' Time: Homebuilders Merging

Watching the homebuilders stubbornly try to go it alone over the last few years has been highly frustrating, like an adult chaperon at the 6th grade dance watching the boys stand on one side of the gym and the girls on the other.  When you have a group of companies facing this type of nosedive…

A Day in the Life: Hank Greenberg

A Day in the Life of Maurice “Hank” Greenberg 7:00 am:  Wake up.  CD alarm clock plays “It’s All Over Now” by The Rolling Stones. 7:05 am:  Mutters “wasn’t my fault” on the way into the shower. 7:30 am:  Breakfast, includes 2 egg whites, one half grapefruit, one heaping bowl of Gorilla Munch cereal (from…

Chinese Warren Buffett: Berkshire Hatha-Wei Ponzi Frozen

This is by far my favorite of all the ridiculous Ponzi’s (oh, so many to choose from!) From WSJ: A federal judge agreed to freeze the assets of a man accused of running a multimillion-dollar Ponzi scheme targeting Chinese-Americans, primarily near Dallas.  The Securities and Exchange Commission charged Weizhen Tang, who describes himself as the…

Fun With Math: How Much Has the Bailout Cost?

I recently used this data in a client presentation to illustrate, and give context to, the cost of the 2008 bailout versus other large expenditures in US history.  The numbers themselves come from Bianco Research LLC and only factor in expenditures as of mid-December, the dollar amounts have only grown since then.  Marshall Plan 115.3 billion…

Jilted JAVA: Sun Micro Left at the Altar

From CNET: Sun’s stock plummeted nearly 23 percent to $6.68 a share in premarket trading, following reports in The New York Times and The Wall Street Journal that the company rejected a formal buyout bid of $9.40 a share or less, and terminated an exclusive negotiating agreement, prompting IBM to withdraw its offer. Sucks to…