I love stories like these… The Boston Beer Company (SAM) raised guidance this morning and I gotta tell ya, I have no stock in the company but I love what I’m seeing. Here we have a great American brand beset on all sides by foreign competitors (yes, Budweiser is now an import) coming out and absolutely…
Hot Links: Obsolete
Late start this am, here’s what I’m reading: Stocks, Oil rockin and rollin ahead of today’s Fed non-decision. (Bloomberg) Killer post: 12 M&A Deals That Will Happen in 2010. (24/7WallStreet) Volcker‘s Banking Innovation is a Joke tour continues: Wake Up Gentlemen. (BaselineScenario) Bernanke named TIME Magazine’s Man of the Year. Barry is utterly speechless. (TBP)…
Euro: The Beatings Will Continue Until Morale Improves
The Euro’s troubles began earlier this month and with every upset gyro cart in Athens, the beatings have continued. From the WSJ: LONDON — Support for the euro has turned very soggy very quickly, with sovereign credit risk in Greece, banking stress in Austria and weak economic data all suddenly proving a major drag. The…
Fat Cats to Obama: Stop Comparing Us To Bankers
“The only similarities between cats and the TARP recipient banks are the fact that we all possess several lives and survive falls that we should not have been able to.”
ETF Inflation and Brown's Law of Wall Street Product Creation
Brown’s Law of Wall Street Product Creation:
“Wall Street products decline in quality, popularity and necessity with each iteration after the original.”
Hot Links: Icahn vs Trump, Mexican Junk Bonds & Words For Our Madness
Stuff I’m Reading this Morning… US Dollar strengthening while Greece deteriorates. (Bloomberg) Gregor‘s take on the Exxon – XTO deal. (GregorMacdonald) EPIC: Carl Icahn vs Donald Trump for casino control. (DealBook) Surprise, surprise: Merrill is bullish on stocks for 2010. (PragCap) Mexico bonds downgraded, just above junk status. ¡Viva La Credit! (LATimes) “We Need New…
Digital Marketing Plan…LMFAO
Ellis Weiner kills it with this piece in the New Yorker. Picture writing a book for a publisher only to be informed of a digital marketing plan like this: To start: Do you blog? If not, get in touch with Kris and Christopher from our online department, although at this point I think only Christopher…
Forbes: Exxon's Nat Gas Acquisition Points the Way
Rex Tillerson, CEO of Exxon Mobil, just slapped the global oil industry upside the head with his $41 billion deal to buy nat gas giant XTO.
Anticlimactic.
Let me get this straight… Citigroup Raising Tens of Billions To Pay Back TARP! The Abu Dhabi Cavalry Rides to the Rescue to Bailout Dubai! Exxon Mobil Announces $41 Billion Buyout of Nat Gas Giant XTO Energy! and the S&P 500 is up (drumroll)….. 7 points. Dow up 32. Wake me up in January, the…
Decoding Fund Brochures
Fund Brochure Says: Balanced.
What it Really Means: “We Will Underperform Both the Stock market AND The Bond Market. You’re Welcome.
