DealBook

The Return of the Why-P.O.

Why?  Because the capital markets will support it, that’s why. We’re starting to see something I had hoped would be further down the pike during this economic recovery cycle:  The Return of the Why-P.O. What in tarnation is a Why-P.O. you ask?  It’s an IPO so pointless for investors to be involved with that you…

Hot Links: ZeroHedge, Safire & Shamrock

Stuff I’m Reading this Morning… Cash hoard in money market funds still bulging: Investors have cash equal to 73% of the S&P 500’s net assets.  (Bloomberg) Must-read of the day:  New York Magazine tries to make sense of Zero Hedge.  (NYMag) Shamrock activists tussling with Texas Industries (TXI) in the midst of Obama‘s infrastructure whirlwind. …

Hot Links: Warren G, Bill Clinton & the Facebook IPO

Hot Links for Weekend Reading… What agreements and tangible progress came out of the G-20?  More than you think.  (DealBook) News to me!  Those who are dying to get in on the Facebook IPO have an extremely early and expensive option.  (Clusterstock) Talking capitalism and entrepreneurship with Bill Clinton and friends.  (Forbes) Gangsta Rap legend…

Hot Links: McDonaldland

Stuff I’m Reading this Morning… A Fed official talks about the potential for aggressive interest rates hikes when necessary.  (Bloomberg) Trader Mark on the Julian Robertson Armageddon interview.  (FundMyMutualFund) Yes, Twitter is worth 74 kajillion dollars, haters.  (NYP) Rumors of a Blackstone LBO for Sea World.  Somebody warn Shamu!  (LOLFed) Jesse is still agnostic on…

Insider Trading Lesson 1: No Call Options

You guys are so stupid.  The first thing the SEC looks at is the call option activity whenever there’s a high profile merger or takeover.  Anything unusual is gonna be flagged. From DealBook: The Securities and Exchange Commission on Wednesday charged two men with running an $8.6 million insider-trading scheme connected to Dell’s $3.9 billion agreement…

Guy Hands Comes Clean on Private Equity

I found this take on the private equity industry from one of its more well-known insiders to be refreshing in its honesty. Guy Hands is a “name brand” PE executive from London who made a very bad deal at the peak of the market.  In his discussion with Andrew Ross Sorkin, he comes clean about…

Hot Links: Godspeed Patrick Swayze

Stuff I’m Reading this Morning… A roundup of various currency ETFs and how they’ve done as the dollar dropped (and dropped).  (Bespoke) Sorkin: Obama‘s big reform speech fell on deaf ears on Wall Street yesterday.  (DealBook) Fast-Forwarding Gordon Gekko.  (NYT) They fired the Wells Fargo foreclosed mansion squatter.  I kinda liked the gal.  (Dealbreaker) A…

Hot Links: Don't Let Ballmer See Your iPhone, Boy

Stuff I’m Reading this Morning… China Strong, Dollar Weak.  Stocks Likey.  Keep walking, nothing new to see here.  (Bloomberg) Mish says, “Yes, it is a Depression.”  (GlobalEconTrendAnalysis) The Notorious B.I.G. sees a bullish reverse head and shoulders pattern in the chart of front-month gold prices.  (Bespoke) Veteran Buffett-watcher Jeff Matthews on what the Oracle’s recent…

Hot Links: Facebook's Ticker, HP's Earnings & Coke's Milk

Stuff I’m Reading this Morning… Way overdue:  Howard Lindzon decides to assign stock ticker symbols to Twitter and Facebook.  (HowardLindzon) Hey anarchists, the US government is starting to turn a profit on the chaos loans.  (NYT) Mutual Funds blowing out shares of consumer spending plays, retailers etc.  (Bloomberg) Pretty provocative stuff for Newsweek: Is The…

Hot Links: Stiglitz, Whitney, Durden & Mussolini

Hot Links for Weekend Reading… Someone tipped off the Post as to who Tyler Durden is.  Typical attempt to attack the messenger, not the message.  (NYP) Here’s the Zero Hedge response:  (ZeroHedge) What would Mussolini do to fix Italy’s economy?  (LOLFed) My heart is breaking for the slightly less rich Hamptons crowd of the Summer…