Stuff I’m Reading this Morning… BIG STORY: JPMorgan crushes their earnings by 31 cents. Look out! (Bloomberg) A philosophical take on whether or not banks are good for society. (NakedCapitalism) Vanguard did a study on how much bond funds could drop when interest rates get raised, the losses could be gigantic. (SeekingAlpha) Which Wall Street…
Joshua M Brown
U.Y.G. Why? You Ain't Got No Alibi, You're Ugly
You knew these were coming down the pike! It was only a matter of time… NEW YORK, NY, Oct 13 (MARKET WIRE) — Bernstein Liebhard LLP filed a class action lawsuit on October 13, 2009 in the United States District Court for the Southern District of New York, on behalf of all persons who purchased…
Remember the Last Time Intel Reported?
All eyes are on Intel (INTC) this evening as the company is one of the first bellweather names to report earnings. The last time Intel reported, on July 14th, the NASDAQ exploded, with a gap up and 3.5% gain for the composite the following day. Nothing in last month’s report means anything as far as forecasting…
Invest Like the Beatles
The Beatles have just released a box set, containing each of their albums digitally remastered. That their music stands up so magnificently some four decades later is remarkable and I believe that there are lessons in this legacy for investors that we’ll explore below. What made The Beatles so enduring was not just the talent…
Hot Links: Under the Microscope
Stuff I’m Reading this Morning… Passport Capital makes the case for the agriculture investment theme. (MarketFolly) The unsinkable Whitney Tilson on housing’s non-bottom. (TechTicker) Like the rich kid paying off bullies in school, Goldman is set to give a big charitable donation to deflect our attention from $23 billion in bonuses. Andrew Ross Sorkin has…
Main Street: Can We Have a Recovery Too?
Here’s a pair of headlines that I thought were fantastic in a juxtapositional way: Goldman Faces PR Dilemna Over Huge Bonuses (CNBC) Debt, Unemployment Weigh on Recovery (WSJ) Both articles out on the same day. Today. Only in America. Cartoon Source: TIME
Scrooge McDuck on Gold Investing
[vodpod id=Groupvideo.3629800&w=425&h=350&fv=] Yes, SNL can be funny sometimes. Full Disclosure: I do not advocate Mr. McDuck’s investment strategy of stockpiling gold and then swimming in it. Please see my Terms & Conditions page for a full disclaimer.
Main Street USA: We're All 49ers Now
Does your town look like this? Can’t say I blame them, the pawn business may be the only economic activity left for a local small business owner. We’re all 49ers now.
Hot Links: NFL Injuries, Bill Miller's "Comeback" & the Second Depression
Hot Links for Morning Reading… Thanks to The Pragmatic Capitalist for taking on that Barron’s Bill Miller piece. You’re exactly right. (PragCap) The Thomas Palley Second Great Depression piece everyone will be talking about today. (FT) Big Story: How the online shopping monster can kill the recovery. (NYP) Fire sale at Blackstone: Up to 8…
The Funniest Show on TV is Now Tackling Financial Topics
Yes, I watch Curb Your Enthusiasm, Family Guy, The Office and 30 Rock, and yes, they’re all funny. But they don’t make me laugh out loud or force me to pause and rewind the way It’s Always Sunny in Philadelphia does. Sunny is the funniest show on tv, end of story. It airs on the…
