There’s a delicious irony about New York baseball and New York banks that I think is worth discussing in light of the imminent Yankees World Series victory. As baseball fans throughout the nation piss and moan about the fact that the Yankees have the wealth of NY to draw upon when pricing tickets, broadcast rates and payroll…
Joshua M Brown
Hot Links: Smoke, Mirrors and Record Bonuses
Stuff I’m Reading this Morning… John Crudele: The recovery is all smoke and mirrors. (NYP) Happy 50 millionth visitor to The Big Picture! (TBP) Merrill Lynch and Wells Fargo strategists on what the Treasury‘s walking away will mean for interest rates. (SmartMoney) 11 strangest deductions the IRS allows (yes, breast implants are on the list). …
Ayn Rand Eviscerated in GQ
I’ve not read anything by Andrew Corsello before, but his evisceration of Ayn Rand in GQ magazine is a thing of caustic, vicious and snark-filled beauty. I did my share of battle with the Rand Cult earlier this fall when I interviewed her Ghost to discuss capitalism’s share of blame for the credit crisis. Corsello…
iPhone Halloween Costume
This is pretty cool, these guys strapped giant LCD TVs to themselves to become iPhones for Halloween. Don’t trip, guys! [youtube=http://www.youtube.com/watch?v=xIjBqFMwM08] Hat Tip Eric Jackson (Ironfire Capital)
Dear Motley Fool: Please Stop Spamming Yahoo Finance
Dear Motley Fool, Please stop spamming Yahoo Finance. For every 5 Motley Fool articles Yahoo links to in the Headlines section, I estimate 2 or 3 of them are a thinly veiled landing page for you to sell a newsletter subscription. I don’t have a problem with the pitch, just the disguising of that pitch…
Q3 GDP and Jobless Claims First Look
Two big numbers out this morning, we’ll put up the initial take on both: GDP (from Bloomberg) The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building. The world’s largest economy expanded at a 3.5 percent pace from…
Hot Links: Tudor on Gold, Galleon's Color, Net Quick
Stuff I’m Reading this Morning… IMPORTANT: 3rd Q GDP report out this morning, forecasters are looking for this to be The Turn. (Bloomberg) Guess who’s hard at work building his second Too Big To Fail insurance conglomerate? (LOLFed) Paul Tudor Jones on the Great Liquidity Race and his bullish outlook for gold. (PragCap) Galleon pushed…
Trick or Treat CEOs
I’m guessing he won’t be ringing Ken Feinberg’s doorbell either.
Doug Kass on Fast Money
My fave pundit Doug Kass appeared on CNBC’s Fast Money last night and contrary to my expectations, they actually slowed it down enough to let him get some good points across. Nicely done, guys. [vodpod id=ExternalVideo.889076&w=425&h=350&fv=] a>”
The Danger of Earnings Season Extrapolation
Yes, we all get excited when an Amazon.com scorches their earnings forecast or when an Apple Inc. Suge Knights the whole sell-side with a massive beat, but should that enthusiasm really spread to other stocks? One of the dangers of extrapolating the good earnings reports out of Apple, Amazon or Intel is that in reality,…
