My pal Bill Singer of Brokeandbroker.com brings us up to speed on the massive hedge fund insider trading ring and the status of some of the players.
Joshua M Brown
The Most Profitable Companies in the World (Yes, Mostly Oil)
Click to Embiggen! Source: The World’s Most Profitable Companies (BillShrink.com)
Who Will Be Morningstar's CEO of the Year?
Morningstar just posted its nominees for CEO of the Year (2009). The winner will be announced in mid-January on CNBC… There’s no Dimon or Buffett as both have won in prior years (2002 and 2008 respectively). I am guessing that Steve Jobs has won already as well, otherwise, he would be a no-brainer… This year,…
1999-2009: Everything Beat Stocks
Here is Bloomberg’s Chart of the Day, it’s the returns over the last decade for six asset classes. “Paper” lost to everything, especially the “Hard” stuff.
The Great Recession's Ten Commandments
One: I am The Great Recession that snapped you out of your debt binge and brought the entire world to its knees, thou shalt compare no other recessions to me.
Hot Links: IPO Culture, Rice Prices, Series 7 & the iPhone Cheese Dock
Stuff I’m Reading this Morning… Kedrosky on 2010’s return of the IPO culture. (InfectiousGreed) Robyn Meredith on China’s 2010 commodity appetite: “Watch the price of rice.” (Forbes) Quentin Hardy: In 2010 the internet will break, but something better will replace it. (Forbes) New Bank of America chief has no Series 7 or Series 24 license. …
Holiday Season Spending Infographic from GOOD
The good folks at GOOD have an infographic look at holiday spending posted with some really interesting facts. One must take some of this stuff with a grain of salt as 2007 data is the predominant source. Things were different back then – most of us had a pot to piss in. Happy Holidays 2009,…
A Few Chunks of Goldbug Kryptonite
Hold your hate mail Goldbugs…I don’t make predictions here on anything, nor do I particularly care which way the price goes today or tomorrow. The recent sell-off in the yellow metal has brought out a ton of bearish sentiment this week, some of which I’ll post here… First up, Doug Kass has a gold call…
Radio Death March Continues, Nothing to See Here, Folks
And the Radio Death March continues with yet another bankruptcy for the broadcasters… NEW YORK (CNNMoney.com) — Citadel Broadcasting Co., the third-largest radio group in the United States, filed for Chapter 11 bankruptcy Sunday. The company, which has stations in 25 states, listed liabilities of $2.5 billion on assets of $1.4 billion, according to court…
Carl Icahn Drinks Trump's Milkshake in AC
Richard Wilner, writing in the New York Post, has the skinny on the opening verbal warfare in the battle of Carl Icahn vs Donald Trump. They are fighting over The Donald’s bankrupt casino assets, including the Taj Mahal. Trump on Icahn: “(He) runs companies so badly that I think it’d be really bad for the…
