Stuff I’m Reading this Morning…
"You mean these things go down too?"
The afternoon look…and it ain’t pretty.
The Brokerage Margin Debt Tell
What can we learn from the margin debt levels at broker/dealers?
Alcoa Spits the Bit, EA is a Shonda…What Else is New?
Alcoa and Electronic Arts miss numbers, of course.
John Mauldin Sees a Biotech Bubble…And Wants In
John Mauldin on the possibility of a coming biotech bubble and why he wants to be in early.
Luckily For GE, NBC's Not A Prop Trading Desk
Leno is a Blue Chip that NBC doesn’t seem to know how to handle.
Hot Links: FDR, Merrill & The Wizard of Oz
Stuff I’m reading today…
Media: TRB in Crain's NY Business
Crain’s New York Business is one of my favorite resouces around to catch up with local industry. No one covers NYC’s advertising, media and real estate biz quite like they do. I got a few calls when last week’s print version came out for something I did on mutual fund names and what they mean…
Gold: You Can't Eat It…But You Sure Can Trade It
Are you a trader or are you a central banker. Because if you’re wasting your thoughts and my time on a circumlocution on what gold is really “worth”, you’d better be the latter.
Ladies and Gentlemen, We Are Trading On The Moon
This willful ignorance is occurring for the simple reason that we’ve been in an anti-gravity environment – where stocks bounce off of each piece of good news and bad news indiscriminately, each bounce propelling them higher still.
