August 2012

NYC Shooting Outside Empire State Building

As of this writing, police say eight people have been shot in the vicinity of 5th Ave and 34th Street, right outside the Empire State Building.  We have confirmation that the shooter is dead and word that up to two of the shooting victims may also be dead. I am chilled to the bone, I…

Jeremy Schwartz on How to Choose a Dividend ETF

So, of course, WisdomTree’s guy is going to be biased here, but I thought Jeremy’s take on how to choose the right dividend ETF was illuminating as the field gets more and more crowded.  The WisdomTree approach to their main US dividend ETF is to take a passive stake in the whole universe (1300 payers). …

Jeff Hirsch on Stock Market Cycles

The Stock Trader’s Almanac editor Jeff Hirsch did an interview with Investors Business Daily this week.  He’s out with a new book ‘The Little Book of Stock Market Cycles” and he gave IBD readers a bit of background on his (and his father’s) life’s work: IBD: What are the stock market cycles and what stage…

USA! USA!

Check out Joe Weisenthal’s three reasons why the US economy is currently the envy of the world. With the latest batch of manufacturing data out, it couldn’t be more clear that the US economy is outperforming the rest of the world. As far as big economy’s go, we’re pretty much the world’s last best hope….

September Preview: The Return of Macro Masturbation

“September is Europe’s Zero Hour.” – some genius I’m going to help you make it through the coming month, consider it my single good deed in a lifetime of practical jokes, sarcasm, snarkiness and feigned interest in lots of things I have no interest in.  Yes, I’ve done my share of upsetting stuff.  One time,…

Lest anyone ever forget…

60 Minutes dredged up the Lehman Brothers stuff this past weekend… We’re four years since the event and there are many in this country who still can’t understand why not a single charge has been brought against anyone regarding the biggest bankruptcy in US history.  Not every bankruptcy requires prosecution, of course, only the ones…

re: Taibbi's "Wall Street is Overpaid" Rant

I can’t believe I’m about to defend the hedge fund industry, but here goes… I like Matt Taibbi’s work although a lot of my peers on the financial web despise him.  Even when they agree with his basic premise (The Street does more harm than good in society) they tend to take issue with his…

re: Taibbi’s “Wall Street is Overpaid” Rant

I can’t believe I’m about to defend the hedge fund industry, but here goes… I like Matt Taibbi’s work although a lot of my peers on the financial web despise him.  Even when they agree with his basic premise (The Street does more harm than good in society) they tend to take issue with his…