Yesterday I discussed the possibility that portfolio managers may now look to the agriculture-related stocks to play catch up vis a vis the metals and energy stock rally. Guess they were thinking just that: Industry Top Performers Intraday Price Performance % Change Market Cap AGRIUM INC. [AGU] +7.31% $8.4 B POTASH CP SASKATCHEW [POT] +6.17%…
Joshua M Brown
If Galleon Unloads Their Treasures…
For what it’s worth, here’s a quick look at Galleon‘s top ten holdings. I’d imagine that the phones are ringing off the hook with redemption requests as we speak. These are almost all mega-caps, so I wouldn’t expect a great deal of impact should the fund have to unwind these positions quickly. NAME STOCK SYMBOL …
Hot Links: Wasted!
Stuff I’m Reading this Morning… Greenbackd’s monthly list of stocks with activist positions. (Greenbackd) I’m making this one the post of the day: All about compounding. (InvestingCaffiene) Bill Ackman, David Einhorn and others share their best investing ideas. (Clusterstock) Peter Maass has a new book out about the violent world of crude oil. (USAToday) Bill…
Don't Do It Google!
I’ve yet to see a successful Internet Roll-Up strategy executed and in my opinion, even a company as brutally successful as Google probably couldn’t pull it off. Watching Barry Diller collect assets like Expedia, Hotels.com and AskJeeves only to start spinning them off in frustration was a cautionary tale for old media execs. Having witnessed…
Commodity Plays: The Search For What Hasn't Moved Yet
Crunch time for portfolio managers. I read in Barron’s this weekend that the average US stock mutual fund manager is about 5% ahead of the S&P 500 this year, according to Lipper. OK, but it’s the below-average performing PM that really needs the juice right about now, with 10 weeks or so left to make…
Comparing This Decade's NASDAQ to the 1930's Dow Jones
In a new He Said/ She Said piece from the Wall Street Journal, we get the above chart, which compares the last 9 years of the NASDAQ to the Dow Jones Industrial Average of the Great Depression. Without question, there is an eerie similarity in the squiggles. From the WSJ: Editor’s Note: It was the…
More Hot Links: Andrew Hall, Modern Myths & Bank Thievery
More Hot Links for Weekend Reading… Get ’em, Howard! Man’s attempt to teach his children to save foiled by Bank of America thievery. (HowardLindzon) Roundup of economists’ quotes from the Buttonwood Conference. (TBP) Michael Santoli takes on Five Modern Myths that are widely-accepted on The Street right now. (Barrons) Yves Smith follows up on the…
Top Ten Scariest Wall Street Halloween Costumes
Its that time of year again… As we speak, your neighborhood freak is busy shoving rusty screws into the Milky Way bars, teen boys are stocking up on eggs and toilet paper and teen girls are shopping for either a slutty nurse, slutty devil, slutty maid, or slutty marketing executive costume. That’s right! Halloween is…
Hot Links: Stock Market MILFs
Hot Links for Weekend Reading… Carney calls ’em out: The Idiot-Maker Rally. (Clusterstock) The bears are running out of ammunition. (Morningstar) The 50 best jobs in America, as ranked by Payscale.com. (CNNMoney) Attention Traders – Here’s the only calendar you need for the coming week: (UpsideTrader) The way of the stoic, learning not to be…
Bernanke's Blizzard of Bucks
Oh the weather outside is frightful But recovery’s delightful And since we’ve no jobs to go Let it snow, let it snow, let it snow Cartoon Source: Cagle.com
