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Doug Kass on Fast Money

My fave pundit Doug Kass appeared on CNBC’s Fast Money last night and contrary to my expectations, they actually slowed it down enough to let him get some good points across.  Nicely done, guys. [vodpod id=ExternalVideo.889076&w=425&h=350&fv=] a>”  

The Danger of Earnings Season Extrapolation

Yes, we all get excited when an Amazon.com scorches their earnings forecast or when an Apple Inc. Suge Knights the whole sell-side with a massive beat, but should that enthusiasm really spread to other stocks? One of the dangers of extrapolating the good earnings reports out of Apple, Amazon or Intel is that in reality,…

Droppin' Knowledge: Pimco Poetry

Pimco’s Bill Gross channels The Bard in his monthly missive, but also makes some interesting points on the current state of the markets. Here’s his intro: A cold wind from the future blows into my nighttime bedroom, more often than not during those midnight hours when fear dominates and hope retreats to a netherworld. This…

A Whole Episode of Fast Money in One Sentence

CNBC’s Fast Money program is definitely entertaining, and if there are no syndicated reruns of Diff’rent Strokes on, I will occasionally tune in. My fave pundit Doug Kass will be on this evening and, I assume, he will try his best to keep up with the frenetic pace of the banter.  If he doesn’t, they may…

Dear Private Equity People: Too Soon Guys, Too Soon

I wrote about 2 IPOs recently that I felt were hideous in their capital structure and pointless for investors based on their use of proceeds. One of those deals, The Dole Food Company (DOLE), had its debut yesterday and for pretty much the reasons I outlined, The Street’s reception was similar to what Michael Richards…

Follow Up: A-Team Movie Cast Lookin' Good

Some of you may have read my borderline escaped-lunatic ramblings about my hopes for the upcoming big screen version of The A-Team. I’m happy to report that, at least according to the first official photo of the cast, they’ve gotten the look of the characters just right. Here’s the a photo of the new A-Team…

Bank Hell: Now Serving Number 106

Here’s a stat that doesn’t get a ton of attention but continues to increase… From the AFP: WASHINGTON — The number of failed regional US banks exceeded 100, after authorities announced the collapse of seven more financial institutions around the country. A total of 106 regional banks failed in the United States this year, a…

Big Week For Econ Data, All Eyes On Q3 GDP

Virtually everyone I speak with on The Street is looking toward Thursday morning’s GDP report for the 3rd quarter of 2009.  This is supposedly THE quarter, the one that proves we are, in fact, growing again. When explaining to clients what the GDP report actually is, I use the following quick-and-dirty equation: Consumption + Investment…

Jeffry Picower, a Madoff Castmember, Found Dead

This development is sure to ignite a torrent of speculation and conspiracizing this week… From the New York Times: Jeffry M. Picower, a prominent philanthropist accused of reaping about $7 billion in profit from Bernard L. Madoff’s vast Ponzi scheme, was found dead on Sunday afternoon in a swimming pool at his mansion in Palm…