[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/…
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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…
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…
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…
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…
Hot Links: Monday Morning
Stuff I’m Reading this Morning… READ THIS FIRST: Marla Singer submitted this op-ed to the New York Times, which they probably will never run. (ZeroHedge) Americans are no longer the big spenders in this world. (SmartMoney) Fellow inmates say Bernie Madoff is dying of cancer in prison. (NYP) Steve Forbes has a new book out…
What Your Favorite Blogs Said at the Bottom
The S&P 500 and Dow Jones Industrial Average bottomed out at around 666 and 6500 respectively on Friday, March 6th of 2009. Just for fun, and because it’s been too hot to go outdoors, I thought I’d take a look back at what my favorite financial bloggers were talking about as we stared into the…
Don't Get Too Excited About Tech Just Yet
With the Nasdaq up over 22% year-to-date and many tech stocks on the receiving end of big upgrades recently (Goldman practically proposed to Google this past week with their endorsement), many investors have begun digging in the crates for some of their old favorite tech stories again. Eric Savitz‘s Technology Trader column in Barron’s today…
