[youtube=http://www.youtube.com/watch?v=dxBvUqLs_eU] The Reformed Broker, AKA Kool G Wrap, here with today’s Market Recap… The Chrysler bankruptcy had virtually zero impact at the open and the Dow quickly gained a triple digit head of steam. As the day wore on, however, stocks faded and profits were taken. Speculative juices vanished and as Brand Nubian said, Punks Jumped…
Joshua M Brown
Who's Who of Financial Bloggers
Who’s Who in the World of Financial Bloggers? Well, if finance blogdom was a high school, here are the extra-curricular activities your favorite bloggers would be involved with… 1. A.P. Economics Barry Ritholtz (The Big Picture) Mish (Global Trend Analysis) Anonymous (Calculated Risk) Boone, Johnson & Kwak (Baseline Scenario) Yves Smith & Co. (Naked…
Ken Lewis: Should I Stay or Should I Go?
[youtube=http://www.youtube.com/watch?v=bYxkvAwIjzQ] With Ken Lewis just voted out as Chairman by Bank of America shareholders, how long will he stick around as CEO? With apologies to the late Joe Strummer, here’s Kenny doing his rendition of The Clash’s “Should I Stay or Should I Go?” ____________________________________________ Voters, you gotta let me know Should I stay or…
Market Recap: Explosive Rally…Yawn
The Reformed Broker, AKA Pedro Cerrano, here with today’s Market Recap… Either the bulls brought their “A” Game or the bears forgot to set their alarms, ’cause the action today was up from the open, with the DJIA up roughly 2% all day. Here’s the 3:30 look at the Dow: As of the close, we…
This Just In: Over 100 Applicants for PPIP
Treasury Announces Receipt of Applications to Become Fund Managers under Public Private Investment Program Washington, DC — The Treasury Department today announced the receipt of more than 100 unique applications from potential fund managers interested in participating in the Legacy Securities portion of the Public Private Investment Program (PPIP). A variety of institutions applied, including…
Welcome To El Centro, CA – The Unemployment Capital of America
The Wall Street Journal dug into the just-released stats from the Labor Department, including March unemployment figures for 310 metropolitan areas. From WSJ: El Centro, Calif., is again at the top of the list, as unemployment there hit a jaw-dropping 25% in March. Where and what is El Centro, California? Its the county seat for…
What Has Been Working So Far in '09
My colleague JC just sent me the below graph, a helpful reminder of which sectors have been over- and under-performing so far this year… So far, the best groups since the start of the year have been techs, materials, consumer discretionaries, gold and energy… Even with the incredible run since the March lows, financials are…
Morning Headlines: Swine Flu and Stress Tests
I guess there are two big stories competing for everyone’s attention this morning, neither of them positive… First up, it seems that the first confirmed Swine Flu death in the US was reported from Texas. From the New York Times: A 23-month-old child in Texas has died of the swine flu, marking the first confirmed…
Market Recap: Survivability
[youtube=http://www.youtube.com/watch?v=IL0aDXekfyM] The Reformed Broker, AKA Prince Adam, here with today’s Market Recap… Once again, the DJIA shrugged off an overnight triple-digit sell-off in the futures…this must be awfully frustrating for the apocalypse crowd. I’m trying to stay prepared for the eventual correction of at least some of this rally, but guys who are 100% long right…
Bronx Zoo Layoffs
This is like the punchline of a bad joke… The economy in New York is so bad… “How bad is it?” It’s so bad, The Bronx Zoo is laying off 10% of their animals! From the NY Post: Layoffs in the city have spread to the animals at the Bronx Zoo. The institution is closing…
