There’s a petition online to oppose the so-called Trader Tax bill (H.R. 1068, also known as the “Let Wall Street Pay for Wall Street’s Bailout Act of 2009“). James “Rev Shark” DePorre (a professional trader and columnist for TheStreet.com) has collected over 30,000 signatures and over 60,000 letters and emails have gone to congress so…
Joshua M Brown
How the Stock Market is Like My 3 Year Old Daughter
I’m finding a great deal of similarity recently between the stock market and my 3 year old daughter. They both: Like shiny silver and gold things Throw tantrums when they don’t get what they want (low interest rates, lollypops etc.) Are easily bored, always in search of new toys/games Usually take a nap between noon…
Big Business and Big Government: Let the Apathy Olympics Begin!
Nothing that Obama has proposed, that Geithner has enacted or that Krugman has cheerleaded has meant a damn thing for small businesses in the US.
Hot Links: Smart People, Natural Gas Glut & The Cupcake Bubble
Stuff I’m Reading this Morning… Bernanke on The Hill this Thursday. The Fed will fight back. (InvestingContrarian) Is there any truth to the monetary cycle theory? (CafeAmericain) “We have more natural gas than we know what to do with.” (Bloomberg) Paulson‘s old number 2 launched a fund that’s up 175%, what’s Paolo Pellegrini‘s outlook? (Clusterstock)…
Heartbreak Hotel Delinquencies Up Fivefold
They put up more boutique/ trendy hotels in NYC over the last 4 years than I could possibly name here. I never could figure out who the hell they expected to occupy all of these rooms. The Europeans certainly took advantage of the exchange rate in ’07 and ’08 but once the credit crisis hit,…
Another Sell-Side Joke: Earnings Estimates for 2020
Here’s yet another exhibit for the jury to consider in the case of Sanity v. Sell-Side Research: Ladies and Gentlemen, I present Barclays Bank on Amylin Pharmaceuticals: Firm is introducing long term estimates for AMLN from 2011-2020 which assume exenatide LAR approval and launch in the US by 3Q10 and by 3Q11 in Europe. In…
Mutual Fund B Shares Face Extinction
The demonization of “B Shares” continues as even more mutual fund families drop this share class from the roster. From the Wall Street Journal: Lately, Goldman Sachs Group Inc., Allianz SE’s Pacific Investment Management Co. and American Century announced they would exit B shares. This accelerates a trend that has been gathering force since mid-decade….
Saturday Night Video: Muppets, Aceyalone & Lego Matrix
In case you haven’t seen the majesty that is The Muppets covering Queen, here is Bohemian Rhapsody. Jim Henson would be pleased… [vodpod id=Groupvideo.4046432&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The next video is my favorite jam of the moment, it’s called Can’t Hold Back by Aceyalone featuring Treasure Davis. [vodpod id=Groupvideo.4046448&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] and finally, Lego Matrix. Somebody’s got a bit too…
John Mauldin on Being an Optimist and the Coming Millennium Wave
I am not sure where the new jobs will come from, but they will. Just as they did in 1975. -John Mauldin, November 2009 For those of you who are not yet subscribers to John Mauldin‘s weekly newsletter Thoughts From The Frontline, this week’s edition should finally push you over the fence. Mauldin writes beautifully…
Technics 1200 Turntable: Saddest Casualty of the Digital Age Yet
Only real Hip Hop fans will truly understand the significance of what I’m about to discuss… Yes I love my iPod and no, I’m certainly not against technological progress. That said, this story is sad on many levels: The news is out that Panasonic will be discontinuing the Technics 1200 turntable, one of the most…
