I don’t usually post song parody videos as the vast majority of them are corny. Every time someone sends me a video of MBA students rapping, I want to stick a fork in my eyes and pour wet concrete into my ears just to end the cringing pain. This one, however is cool. Think Freddie…
Joshua M Brown
Blaming Retail Investors for Commodity Prices
“Commodity index rolls have little futures price impact, and inflows and outflows from commodity index investment do not cause futures prices to change” I haven’t come out strongly on either side of this issue because my job presents me with a dilemma. On the one hand, I believe that individual investors have played at least…
Wal-Mart: Emerging Markets Investing Guru
I caught this in Barron’s today and thought it was a remarkably interesting story. Apparently, Wal-Mart (WMT) has a knack for picking emerging markets to open up shop in, as said markets tend to outperform countries that Wal-Mart skips. From Foreign Policy Magazine: When India’s first Wal-Mart opened this summer in Amritsar, the response was…
Hot Links: Rules of the Internet
Hot Links for Weekend Reading… Joe Nocera: Where’s Our Bonus? (NYT) The truth about yesterday’s Existing Home Sales data. (TheBigPicture) The Hoffmans’s continue flogging Roubini, this time with a video. (RealClearMarkets) Controversy over Dick Bove’s intraday opinion shift on Well Fargo. (FTAlphaville) Hulu is an H Bomb, Destroying the Television Industry. (Clusterstock) Matt Drudge has…
Seven Things You Should Know 9/23/09
Seven Things You Should Know October 23rd 2009 1. The trailing 10-year total return for the S&P 500 as of the end of 2008 was negative, the first time this had occurred at the end of a calendar year since 1939. (source: BTN Research) 2. The actual results for fiscal year 2009 (i.e., the 12…
Winners and Sinners: Synovus Financial (SNV)
Synovus Financial (SNV) looks like it was hit by a bus today, down 21% from last night’s close as of this posting on a worse than expected earnings report. What’s notable about this Georgia-based bank is that in a rush to get long some banks this summer and fall, SNV was mentioned favorably by way too…
The Return of the Why-P.O.
Why? Because the capital markets will support it, that’s why. We’re starting to see something I had hoped would be further down the pike during this economic recovery cycle: The Return of the Why-P.O. What in tarnation is a Why-P.O. you ask? It’s an IPO so pointless for investors to be involved with that you…
Meriwether: 3 Times a Charm?
My pal Trader Mark posted the news that John Meriwether, aka the Master of Disaster, is launching a new investment vehicle. I’ll link over to that story in a moment, but if his name doesn’t ring a bell, Meriwether was the genius behind Long-Term Capital Management, a hedge fund with so much leverage and derivative exposure, it almost crushed…
Hot Links: Ice-T Versus a Mac Laptop
[vodpod id=Groupvideo.3717525&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Stuff I’m Reading this Morning… Here’s how nerdy Intel execs propose to their girlfriends. (LATimes) I’m sorry to hear about Fortune Mag cuting back on frequency of issues, one of the few good print ones left. (WSJ) Schwab strategist Liz Ann Sonders says buy the dips. (SmartMoney) Damien Hoffman: Is Wall Street Ready…
Enter the Lexicon: "Salarized Stock"
The Pay Czar has spoken. Here are the new rules for TARP-scrounging firms, about a year too late… From MarketWatch: WASHINGTON (MarketWatch) — Kenneth Feinberg, the Treasury Department official in charge of setting compensation for bailed-out companies, said Thursday his primary goal was to get the banks to the taxpayer’s money. “Taxpayers are in deep…
