September 2012

In which Downtown takes the blame for Facebook

Facebook shareholders have watched $50 billion in valuation blown to smithereens in three months and now everyone wants to point a finger as to how that could’ve happened.  I’m willing to take the blame. In the fable The Emperor’s New Clothes, the the clothiers of the titular ruler were repeatedly fooling their master, outfitting him…

Mutual Fund Exodus by the Numbers

Josh here – Nick Colas, Chief Market Strategist at ConvergEx, calculates that investors have left roughly $65 billion in gains on the table by walking away from their equity mutual funds over the last several years.  This is offset by the fact that they may have simply switched some of the money into bond funds,…

“But what does this mean for the prospects of Cue Eee?”

You know that awesome Chinese restaurant game where everyone reads their fortune cookie and then adds the phrase “in bed” to the end of it? Like: “You shall be blessed in all that you labor at…IN BED!” or “You are extremely agile and open to trying new and filthy things…IN BED!”  OK, that one wasn’t…