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Sad News for Children of the 80's: John Hughes has Passed

If you are the child of a baby boomer, born sometime between, say 1965 and 1980, chances are, the films of John Hughes played a fairly decent-sized role in your adolescence.  He passed yesterday at age 59. Hughes was the man behind Ferris Bueller’s Day Off, The Breakfast Club, National Lampoon’s Vacation, Home Alone, Weird…

Breakfast Links: Dr Tatoff, Richard Russell and Dayton

Stuff I’m Reading this Morning… Barry Ritholtz on why CNBC has very little control over it’s own ratings.  (TBP) California’s tatoo removal chain Dr Tatoff could be a hot IPO.  (DealBook) Joseph Stiglitz wants to keep shoveling the stimulus.  (EconomistsView) Forbes sees a glimmer of hope in Dayton, Ohio – a city they recently counted…

Wall St Cheat Sheet, My Latest Obsession

I love reading interviews when the subject is someone I truly admire.  I also love it when the questions are good enough to expose a whole ‘nother aspect of a person that I thought I knew all about. For this reason, I’m obsessing over Wall St Cheat Sheet in a major way. The site was…

The E! True Hollywood Story: Rise and Fall of SKF

The ProShares Ultra Short Financial ETF, otherwise called SKF, has had one of the most spectacular flame-outs in market history.  One minute, SKF was a superstar, raking in millions of dollars on a daily basis and dominating the most actives list.  Then suddenly, the party was over. This is the E! True Hollywood Story of…

Apocalypse Detroit

Detroit is a scary city as evidenced by these incredible images by 7 contemporary photographers.  Mitch Cope has put together a masterpiece, a set of photographs of the city that capture the hopelessness and devastation in a way that 1000 newspaper and magazine articles never could.  In some of these pictures, Detroit looks almost like…

Experts Predict the Death of the Broker (Yeah, that old chestnut)

“Bill Singer foresees stock brokers not existing after this generation and instead the market will have commission-paid telephone operators who dole out information.” Forbes, August 2009 Another era, another article discussing the Death of the Broker.  My friend/buddy/pal Bill Singer, a maven on all subjects pertaining to the broker/dealer and regulatory world, is quoted in…

The Big BIG Winners of 2009

Once upon a time, long long ago, there was a reason to speculate.  $1 stocks didn’t go to 50 cents and then zero automatically.. There was a time when little stocks could go a lot higher from the depths of obscurity, showing you 2x, 5x, even 10x your original investment.  And then the nuclear winter…

Will Explosive Taxation Derail the Recovery?

Clearly, there are some areas of the economy that are showing signs of a recovery.  What this may mean to stocks, bonds, real estate etc is not the subject of this post. Instead, let’s take a moment to ponder the new emerging headwind that could throw a serious monkey wrench in our recovery hopes for…