Remember when the producers of Diff’rent Strokes decided that Arnold wasn’t cute enough anymore so they brought on the quintessential red-headed stepchild, Sam, to ratchet up the adorable factor? Gary Coleman probably felt a lot like Crude Oil feels now that Gold has replaced it as the commodity speculators’ darling. Anyway, let’s take a look…
The Death of the Intermediate Term
Trying to formulate an intermediate-term opinion on a stock right now is like building a house on quicksand.
There, I said it.
Hot Links: Emerging from Exile
Stuff I’m Reading… Volcker to bankers: Your biggest contribution over the last 25 years is the ATM machine. LOL. (NakedCapitalism) BofA/ Merrill Lynch: 10 Themes for 2010 (emerging market consumer, alternative yield etc). (MarketFolly) Dick Fuld emerging from exile with a plan to help out small business owners in need of funds. (NYP) Goldman‘s big…
An Ugly December For The Euro So Far
Le Euro hasn’t been looking good since the start of the month and today’s credit downgrade on Greece’s sovereign debt certainly didn’t help. Wondering about the strength in the dollar and the weakness across commodities today (ex-nat gas)? Look no further than here: The ratings agencies seem to be in the driver’s seat here as…
Journalists with Questionable Endorsement Deals
Fox News “journalist” Glenn Beck has recently come under fire for his endorsement of Goldline, a seller of gold bars and coins. Not only does he do live commercials for Goldline, he has also been telling his viewers to buy gold to protect themselves from the government’s policies. Beck is not the only on-air news…
6 Traits of a Great Banker, According to Bruce Wasserstein
In a beautifully worded and heartfelt tribute to the late banking legend Bruce Wasserstein, his friend Martin Lipton recounts the 6 traits that Wasserstein believed a great banker ought to possess.
Exporting the Bubble?
Are our artificially low interest rates fueling bubbles elsewhere?
Michael Shedlock Talks Jobs with Aaron Task
Here’s a quickie from Tech Ticker that presents a very sobering view on how persistent a 10% plus unemployment rate could be according to Michael “Mish” Shedlock… Source: Mish: Nov Jobs Report Looked Fabricated (Yahoo)
Hot Links: Stuntmen
Stuff I’m Reading this Morning… Sorkin: Desire to pay back TARP is all about compensation. (DealBook) Carl Icahn to Goldman Sachs: “I’ll see you in court.” (Forbes) 103 people killed in a Baghdad bomb blast yesterday. (NYP) China executes a rogue securities trader. Pay attention out there in Hedgistan. (Clusterstock) Jeremy Glaser: 6 stocks to…
The New Decembrists: Ground Zero for the Financial Reform Discussion
My pal The Epicurean Dealmaker has launched a new site that aims to give us all a voice in the debate about what form the coming regulatory overhaul takes. The financial crisis infiltrated every facet of American life so we all have something at stake here.
