Morning Headlines: Swine Flu and Stress Tests

I guess there are two big stories competing for everyone’s attention this morning, neither of them positive… First up, it seems that the first confirmed Swine Flu death in the US was reported from Texas. From the New York Times: A 23-month-old child in Texas has died of the swine flu, marking the first confirmed…

Market Recap: Survivability

[youtube=http://www.youtube.com/watch?v=IL0aDXekfyM] The Reformed Broker, AKA Prince Adam, here with today’s Market Recap… Once again, the DJIA shrugged off an overnight triple-digit sell-off in the futures…this must be awfully frustrating for the apocalypse crowd.  I’m trying to stay prepared for the eventual correction of at least some of this rally, but guys who are 100% long right…

Bronx Zoo Layoffs

This is like the punchline of a bad joke… The economy in New York is so bad… “How bad is it?” It’s so bad, The Bronx Zoo is laying off 10% of their animals! From the NY Post: Layoffs in the city have spread to the animals at the Bronx Zoo.  The institution is closing…

1918 or 1976…Which Flu Are We Looking At?

[youtube=http://www.youtube.com/watch?v=sHK3oWpD5ZI&feature=related] In an article on Bloomberg this morning, Elizabeth Lopatto gives us a quick rundown of two other flu epidemics from the last century and their vastly different impact. From Bloomberg: Doctors don’t know yet if the swine flu that may have killed at least 149 people in Mexico is more like the 1918 form…

Market Recap: All Swine Flu, All The Time!

[vodpod id=ExternalVideo.816076&w=425&h=350&fv=]  The Reformed Broker, AKA Daddy Long Legs, here with today’s Market Recap… It’s Monday, so that can only mean one thing…Yes, that’s right!  A new restructuring plan for General Motors (GM)!  Maybe this, the third since January, will stick.  And BTW, they’re blowing out the Pontiac brand, which is a shame.  The action today was…

Preparing for the Swine Flu Hysteria

I didn’t want to weigh in on the hysteria just yet, but here are a few quick things to keep in mind re: Swine Flu… 1. Don’t chase stocks that are being perceived as “Swine Flu Plays” as this will almost definitely end in tears.  Here’s an example…BioCryst Pharmaceuticals (BCRX), which invariably rallies and then…

"Green Shoots" Are For Pandas

Lets put some overused terms out of their misery, a la “Hay is for Horses”: “Green Shoots” are for Panda Bears “Bailouts” are for Leaky Boats “Bonuses” are for Arcade Games “Treasury Departments” are for Countries That Actually Have Money “TARPs” are for Major League Baseball Rain Delays “Deflation” is for Pool Floats “Swaps” are…

Bear Market Rallies Are Like Drug Addicts

Below is a post I did for Clusterstock (The Business Insider) last week… I make it a point not to make directional calls on my site or give any specific investment advice. That said, I’ve seen this movie before and I know how it ends. If the rally continues (BIG IF), the next leg is…

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…