Market Recap: Build-a-Bank

[youtube=http://www.youtube.com/watch?v=egT8-06AcSY]

The Reformed Broker, AKA The Pastrami King, here with today’s Market Recap

OK stocks and sectors, take one step forward if you were lookin’ good during today’s market melt-up…

Not so fast, Newspapers!

The 3:30 look at the Newspaper Sector:

Laggards in Price Performance (Intraday)
E W SCRIPPS CL A [ssp] -9.46%
A.H. BELO CORPORATIO [ahc] -9.30%
GANNETT CO INC [gci] -9.07%
MEDIA GENERAL CL A [meg] -5.99%
JOURNAL COMM INC [jrn] -5.96%
N Y TIMES CL A [nyt] -5.83%
WASHINGTN POST CO B [wpo] -4.53%

The modern-day buggy whip group was rocked once again today, they literally cannot justify their existence at this point.  Oh well.

JPMorgan (JPM) was able to raise $5 billion overnight and pretty all of the banks talked about paying off TARP this month.  Let’s hope so.  In honor of the banks, the above video is a throwback to when lame rap was used to sell toys to kids my age.   Enjoy the Build-a-Bank commercial and guess the year:  “Put Money In It“…LOL!

It was a mildly positive day for many stocks with the Dow up a bit going into the close.

Thanks for reading today, have a great night!

Full Disclosure: I am currently long JPM for customer accounts.  Do not trade or invest based on anything you read here.

Tags: , , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. 안전공원 commented on Dec 13

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  2. diamond art kits commented on Dec 17

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  3. 고군분투 토토사이트 commented on Dec 22

    … [Trackback]

    […] Here you can find 91675 additional Information on that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  4. replicas iwc co commented on Dec 30

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  5. hybrid event producer commented on Jan 16

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  6. Hyundai H-CMD7084 manuals commented on Jan 22

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  7. poker online commented on Jan 27

    … [Trackback]

    […] Here you will find 87435 more Information to that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]

  8. my site commented on Feb 03

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2009/06/02/market-recap-build-a-bank/ […]