No one likes cheaper oil more than the airline stocks. I hate these names, never invest in them and I don’t even trade ’em. That said, they were the biggest winners on the day thanks to the weakness in crude oil. Check it on the 5 day chart: Congrats to those who played them. The…
Federal Debt Ceiling: What's Another $1.8 Trillion?
Source: Federal Debt Ceiling (IndyStar)
Lunch Links: JPMorgan's 2010 Target & Obama's Big Sellout
ALERT: Rolling Stone has actually published a negative article on Obama! Taibbi‘s takedown (Obama’s Big Sellout) is the big story of the day. (RollingStone) JPMorgan‘s S&P 500 target and outlook for 2010. (MarketBeat) Takeaways from Fortune’s stock roundtable, with Ritholtz, Trennert etc. (FundMyMutualFund) Brazil stocks on fire, 18 month high today. (Bloomberg) There almost wasn’t…
November Retail Sales Up On Gasoline, Autos Not a Factor
Real quick, looks like we have a gain over October and a better-than-expected number overall for November Retail Sales. And the “clunkers” were irrelevant… From CNNMoney: Retail sales jumped 1.3% in November, according to the Commerce Department, well more than the expected increase. Economists had expected retail sales to rise 0.6% from October, according to…
4 and a Half Minutes With Jim Rogers
The famed commodities investor and world traveler sounds off on his wish for the abolition of the Fed.
Exactly 9 Months Since the Bottom
It’s been exactly 9 months since the S&P 500 put in a bottom (March 9th). Hard to believe how far we’ve come since that day.
Greg Zuckerman on Paulson and the Gold Bubble Question
This morning I had the pleasure of attending a hedge fund industry event where the featured speaker was Gregory Zuckerman, the author of The Greatest Trade Ever. I was one of the few in the audience who had not yet read the book but a lot of what was discussed has already made it’s way into…
Hot Links: Top China Myths, Top Stocks for 2010, Top Fails of 2009
Stuff I’m Reading this Morning… FINALLY! Bess Levin meets Steve Cohen! The prophecy has been fulfilled. (Dealbreaker) Top Ten China Myths of 2009. (NewYorker) Twas The Night Before Earnings… (SharonMerrillAssociates) Raymond James‘ global research team picks the Best Stocks for 2010. (MarketFolly) Another blogger gets the call: Congrats to Mike at Rortybomb on his new…
"I Will Not Sell Land in Florida"
Believe it or not, this one’s from Season 2 of the Simpsons back in the early 90’s. If only these words were heeded in, say, 2005. Source: Bart’s Blackboard
1 Trillion in US Credit Card Debt
Financial infographs like this one are especially interesting when they give you perspective on a global basis. This piece takes a look at the credit card usage and outstanding debt of US consumers vs that of other countries… Click to Embiggen! Source: Derri_Hasmi
