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…
October 2009
Meriwether: 3 Times a Charm?
My pal Trader Mark posted the news that John Meriwether, aka the Master of Disaster, is launching a new investment vehicle. I’ll link over to that story in a moment, but if his name doesn’t ring a bell, Meriwether was the genius behind Long-Term Capital Management, a hedge fund with so much leverage and derivative exposure, it almost crushed…
Hot Links: Ice-T Versus a Mac Laptop
[vodpod id=Groupvideo.3717525&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Stuff I’m Reading this Morning… Here’s how nerdy Intel execs propose to their girlfriends. (LATimes) I’m sorry to hear about Fortune Mag cuting back on frequency of issues, one of the few good print ones left. (WSJ) Schwab strategist Liz Ann Sonders says buy the dips. (SmartMoney) Damien Hoffman: Is Wall Street Ready…
Enter the Lexicon: "Salarized Stock"
The Pay Czar has spoken. Here are the new rules for TARP-scrounging firms, about a year too late… From MarketWatch: WASHINGTON (MarketWatch) — Kenneth Feinberg, the Treasury Department official in charge of setting compensation for bailed-out companies, said Thursday his primary goal was to get the banks to the taxpayer’s money. “Taxpayers are in deep…
Seen Outside The Helmsley Building (Park & 45th)
Please let it be a Gordon Gecko scene and not a Shia scene. I’m as giddy as a schoolgirl. Read Also: Guess Who’s Back! (TRB) My Commentary on the Wall Street Sequel (TRB)
Hot Links: Patterns, the Pay Czar & MC Trebek
Stuff I’m Reading this Morning (sorry for the late start, Daddy put down a few drinks last night)… Goldman Sachs takes a trip to China and comes back with their 10 fave oil plays. (PragCap) ENOUGH ALREADY WITH THE PATTERN SEEKING! I agree. (AbnormalReturns) The bank lobby seems to just make up statistics whenever they…
Dow Slips on a Banana Peel
Quite a reversal. The Dow appears to have slipped on a banana peel headed into the close.
The Bailout You Never Heard About
The quintessential book on Bailouts has already been written, it’s called Bailout Nation by Barry Ritholtz and many of my colleagues and clients will be receiving a copy come the holidays. That said, there was one massive bailout in American history that hasn’t gotten much attention, probably because it was more of a social crisis…
A Look at Health Care Coverage Numbers in the US
In the current battle over health care, you will hear a lot more of a ruckus over WHO is covered as opposed to much about the quality of coverage. As a result, a lot of the debate is based on which politician is supplying the numbers themselves. Here’s a look at the government’s data from the St….
Hot Links: Perp Walks, Proud Bulls and the Skiing Robot
Stuff I’m Reading this Morning… Rockstar Raymond James strategist Jeff Saut is still bullish and proud of it. (PragCap) Say hello to Preet Bharara, the New Sheriff of Wall Street. (Clusterstock) Eddy Elfenbein: David Rosenberg is running away from his bad calls. (CrossingWallStreet) Bess opens the floodgates of speculation on which Hedgie will be doing…
