Hot Links

Hot Links for Weekend Reading: As Dealbreaker clearly owns the Madoff Story, here is the best of their (relentless) coverage over the past week: Check out the post about the Bernard Madoff Securities promotional item that is a must have if there are any left on Ebay:  The Madoff Emergency Response Kit! Can’t make that…

Test Your Broker: Call Him Before 8:30 AM

As a broker AND a branch manager, I am consistently amazed at how difficult it is to explain the importance of starting the day early to other reps.  The conversation goes something like this: Branch Manager:  Where are you, the market is opening in 20 minutes… Broker:  Yeah, I know, had to take care of a…

Give the Black Swan a Rest for 2009; The Search for a New Metaphor

With the fresh start we’ve been given, if only by the calendar, I’m here to say that enough is enough – let’s put the over-referenced, tired Black Swan trope into retirement. Just in case we get another year of absurdity and hyperbolic surprise, I’ve come up with a few equally improbable animal variations that could take it’s place for 2009

Interview with Johnny Upside: Fund of Fund of Funds

Today we bring you an interview with Johnny Upside, a Wall Street hotshot armed with an MBA, very little brain power and a limitless ego and sense of entitlement.  Johnny possesses only one real talent – the ability to show up wherever the big money is being made.  Unfortunately, his very presence usually means that…

Barron's Buzz: January 4th, 2009

Quick thoughts on this week’s Barron’s… Bubble in Treasuries?  Yeah, probably…Read the cover article, called Get Out Now by Andrew Bary and you decide. Kopin Tan does the obligatory “cash on the sidelines about to come into the market” story in The Trader column.  I’ll admit, the figures are huge, but they’ve always seemed huge,…

Slightly Used Ticker Symbols For Sale: MER and WB

On a quiet post-New Year’s Friday, two of the most widely followed stocks disappeared from Quotrons and trading screens around the world: MER and WB.

As Merrill Lynch and Wachovia begin their new lives as foster children of Bank of America and Wells Fargo respectively, the question remains, what will happen to their orphaned call letters? Do they end up on the Island of Misfit Ticker Symbols?

Hot Links

Hot Links for Weekend Reading: Paul Kedrosky posts the 2008 words and phrases that should be banned from 2009 on Infectious Greed.  My fave’s for banning for this year are Staycation, Carbon Footprint and of course, Bailout. Over on Dealbreaker, Equity Private posted the Top 10 Reasons I Invested My Entire Fortune With Madoff.  Reason…

Graduating in a Bear Market? Wall Street's Not Hiring.

With graduation approaching for the Class of 2009, college seniors are scrambling to find jobs by the spring. Let’s hope they don’t have their hearts set on Wall Street. By the time the big unwind is through, Wall Street (and peripheral sectors) will probably have lost more than a quarter of a million jobs. Unlike ’87 or ’01-’02, most of these jobs won’t be coming back.