Stuff I’m Reading this Morning… Greenback’d posted the July mega-list of activist investor situations. Awesome. (Greenback’d) Piker gamblers hurting the casino business. (WSJ) Taobao.com is a monster of e-commerce in China. (NYT) Community newspapers doing ok, small is beautiful. (AP via YahooFinance) The 3 stages of a bear market illustrated. (InvestmentPostcards) My boy Todd Sullivan…
Casino
The Reformed Broker Saves California
So the state of California has until the end of July to stave off bankruptcy. They have a projected budget deficit of $24 billion! Governor Arnold Schwarzenegger, who ran for office with the intention of fixing the state’s fiscal woes, has presided over a 40% expansion of government spending. Oopsies! At this juncture, Cali needs…
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…
Were the Feeder Funds in on the Madoff Scam?
There’s a great scene in the movie “Casino” where Ace Rothstein (Robert DeNiro) has to fire a local young man named Don Ward, who is responsible for supervising a slot machine that pays out multiple times in a short span: Don Ward: You might regret this, Mr. Rothstein. Ace Rothstein: I’ll regret it even more…
