[vodpod id=ExternalVideo.865317&w=425&h=350&fv=] Something about Howard Davidowitz gets me pumped! Even when the subject he’s pontificating on is universally negative, such as the prospects for most retailers and consumers this year. In the above video from Yahoo‘s Tech Ticker, the retail industry maven keeps it real and confesses his utter shock at the disconnect between consumer/…
Joshua M Brown
The Five Stages of Panic Buying
I talk to a ton of traders, portfolio managers, brokers and high net worth investors, both on and off Wall Street. Most of them have engaged in a bit of panic buying at some point this summer as the 50% rally in US stocks surprised many smart players. Panic buying is what happens when you…
Hot Links: Jim Chanos, Steven Seagal & the Zombie ETFs
Stuff I’m Reading this Morning… Abnormal Returns covers the concept of Zombie ETFs…a new development for this industry. (AbnormalReturns) Ain’t no party like a RothCap party ’cause a RothCap party don’t stop. (NYP) Not all bailout CEOs are created equal: Benmosche (AIG) vs Pandit (Citi). (BreakoutPerformance) The league tables for inflation rates throughout history…cool. (InfectiousGreed)…
Congrats to the StockTwits Gang
I want to take a moment to congratulate the StockTwits guys who rang the closing bell for yesterday’s trading session over at the NASDAQ Marketsite. I met Howard Lindzon, Upside Trader and the rest of the gang at a Bacchanalian loft party earlier this summer. They’re all great guys and, without a doubt, they are…
Doug Kass: 10 Reasons Why The Market Has Likely Peaked For The Year
“I am less confident as a decade of hocus-pocus borrowing and lending and 35-to-1 leverage at almost every level in both private and public sectors cannot likely be relieved in the great debt unwind over the course of only 12 months.” -Doug Kass, August 26th 2009 Doug Kass has made some tremendous calls over the…
Hot Links: Whither Mainstreet?
Stuff I’m Reading this Morning… PAY ATTENTION: China curbing overcapacity in steel, cement industries. (Bloomberg) Wall Street recovers. Main Street? Not so much. (Clusterstock) Everybody Hurts: even law school students feel the recession. (NYT) Forbes on the passing of Senator Edward Kennedy. (Forbes) If you haven’t read Bailout Nation yet, here’s are 20 reviews to…
August '09 Consumer Confidence, Illustrated
Click Image to Embiggen July is in red, August in blue. Reading was 54.1 vs 47.4 last month. Note the “Expectations” line…heh. Funny thing, expectations. Source: Futures So Bright (EconomPic)
Larry Summers' "To Do" List
Today, President Barack Obama announced his reappointment of Federal Reserve Chairman Benjamin Bernanke to another term. Economic advisor Larry Summers, whom many had speculated would be Bernanke’s replacement, must not have taken the news well. The following To Do List was found in a trash can on Pennsylvania Avenue… Read Also: Lucan Van Praag’s “To…
Hot Links: Gartman, DeLong, Merkel & The Big Dogs
Stuff I’m Reading this Morning… On tap today: New home sales, consumer confidence, the Richmond Fed. The Fly is liking the refiners here. (iBankCoin) Commodities guru Dennis Gartman starting a new hedge fund. (MarketFolly) This is a non-story to me, but the Goldman trading huddles are now in the spotlight. (Clusterstock) Bernanke to get the…
Return of the Flannel Shirt: Recession Kids Get Their Grunge On
The year was 1991…Nirvana and Pearl Jam owned the airwaves, stocks and the economy were shaken by the Savings and Loan Crisis, and a young Chris Farley taught us how to laugh every Saturday Night. And oh yeah, we were all wearing flannel shirts. The flannel shirt trend came out of the Seattle thrift store…
