If you lost track of what’s happening with the FDIC, one of the few competent bank-related regulatory institutions we have left, they’ve overseen the failure of about 84 banks so far in 2009. The FDIC had a fund to insure these banks’ depositors of about $53 billion a year ago, which had dropped to only…
Joshua M Brown
The Yuppie Bounce
Go try to find an interview with virtually any sell-side analyst or money manager either in print or on financial television from this past February. Most told you to be completely out of stocks, understandably. The ones who did have the courage lack of choice and had to be recommending stocks in the media were…
More Hot Links: Booms, Busts & Viking Treasure
More Hot Links for Weekend Reading… Trader Mark takes us back to what he was saying/ doing the week the market bottomed. (FundMyMutualFund) Unemployed in their 40’s and 50’s. (NYT) Big mistake: commercial fisherman who literally s%$& where they eat. (True/Slant) Killer chart: Rise and fall of the US Dollar, 1800 to 2009. (ZeroHedge) Robert…
Obama's Ted Kennedy Eulogy
Full Transcript: President Obama’s Senator Kennedy Eulogy (TPM) Props to Wordle
Wall Street's Recovery vs Main Street's
via TIME
Roundtrip: Housing's Back to Square One
Was it fun for you? It’s been an amazing 8 year period for housing. Floyd Norris shows us how eerily similar the rise and fall of home prices and inflation have been: From the New York Times: During the period, the Standard & Poor’s Case-Shiller 20-city composite index of home prices rose almost 21 percent….
Hot Links: Where The Wild Things Are
Hot Links for Weekend Reading… Johnny Debacle congratulates Bernanke on his 2nd term appointment. (LongOrShortCap) The top broker/dealers of 2009 are announced. (InvestmentAdvisor) Tyler has an idea: How about the SEC investigates why a bankrupt company (AIG) has become a proxy for the stock market. (ZeroHedge) Like inspirational quotes? I do. Here’s a great list…
Tired Business Cliche List
CNBC‘s Power Lunch asked viewers to email them with the business cliche that is the most annoying to them. I’m not a joiner, so I didn’t email them. Thought I’d share them right here instead. Feel free to comment if I missed any. 1. “At the end of the day…” 2. “Outside the Box” 3. …
A Metaphor for Being Short AIG
This is what it must feel like to have been short AIG this month… [vodpod id=Groupvideo.3212572&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] X X X Full Disclosure: I have no positions, long or short, in shares of AIG for client or personal accounts. Nothing on this site should be construed as advice or an invitation to buy or sell any securities,…
Hot Links: Trailer Park Ponzi and Sleeping Bunny Wabbits
Stuff I’m Reading this Morning… Story of the day: Why and how the hell could AIG have just doubled? (NYT) John Paulson‘s shiny new position in Citigroup, Jay’s coverage of Paulson is the best I’ve read. (MarketFolly) A quick look at individual investor sentiment over at the Notorious B.I.G. (Bespoke) Goldman‘s memo re: the trading…
