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…

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…

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…

More Hot Links: Tightwad, Missouri

More Hot Links for Weekend Reading… Plan B: Starting your own business if job offers don’t come your way.  Very informative article.  (NYT) John Hancock launches a mutual fund based on technical analysis.  (Bloomberg) What the hell is going on with Porsche?  CEO’s house raided?  That VW thing not over yet.  (ZeroHedge) The ridiculousness of…