Crunch time for portfolio managers. I read in Barron’s this weekend that the average US stock mutual fund manager is about 5% ahead of the S&P 500 this year, according to Lipper. OK, but it’s the below-average performing PM that really needs the juice right about now, with 10 weeks or so left to make…
Comparing This Decade's NASDAQ to the 1930's Dow Jones
In a new He Said/ She Said piece from the Wall Street Journal, we get the above chart, which compares the last 9 years of the NASDAQ to the Dow Jones Industrial Average of the Great Depression. Without question, there is an eerie similarity in the squiggles. From the WSJ: Editor’s Note: It was the…
More Hot Links: Andrew Hall, Modern Myths & Bank Thievery
More Hot Links for Weekend Reading… Get ’em, Howard! Man’s attempt to teach his children to save foiled by Bank of America thievery. (HowardLindzon) Roundup of economists’ quotes from the Buttonwood Conference. (TBP) Michael Santoli takes on Five Modern Myths that are widely-accepted on The Street right now. (Barrons) Yves Smith follows up on the…
Top Ten Scariest Wall Street Halloween Costumes
Its that time of year again… As we speak, your neighborhood freak is busy shoving rusty screws into the Milky Way bars, teen boys are stocking up on eggs and toilet paper and teen girls are shopping for either a slutty nurse, slutty devil, slutty maid, or slutty marketing executive costume. That’s right! Halloween is…
Hot Links: Stock Market MILFs
Hot Links for Weekend Reading… Carney calls ’em out: The Idiot-Maker Rally. (Clusterstock) The bears are running out of ammunition. (Morningstar) The 50 best jobs in America, as ranked by Payscale.com. (CNNMoney) Attention Traders – Here’s the only calendar you need for the coming week: (UpsideTrader) The way of the stoic, learning not to be…
Bernanke's Blizzard of Bucks
Oh the weather outside is frightful But recovery’s delightful And since we’ve no jobs to go Let it snow, let it snow, let it snow Cartoon Source: Cagle.com
Seven Things You Should Know 10/16/2009
Seven Things You Should Know October 16th 2009 1. JPMorgan favors emerging markets: Emerging economies are exiting the crisis relatively unscathed and with improved economic, financial, and fiscal positions versus developed economies. This means medium-term outperformance of their equities, currencies, and credit. With much of the EM growth impetus emanating from commodity-hungry China, this should…
Galleon Hedge Fund Taking On Water
Much like the Spanish galleons of old, which sailed back to the motherland laden with the ill-gotten riches plundered from the Americas, the Galleon Group of hedge funds was nailed today for insider trading. I’ve only skimmed the indictment, but what caught my eye was the paying off of newsire service employees for an early…
Droppin' Knowledge: Fadel Gheit on Oil & Gas
Now that oil prices have joined the party, I thought I’d share some of Fadel Gheit’s thoughts on the energy sector. Gheit covers oil for Oppenheimer and was ranked #3 on the list of Forbes‘ Best Brokerage Analysts for 2009. He spoke to The Energy Report last week about the energy markets: On the discrepancy between…
Hot Links: No Balloon Boy Coverage Here
Stuff I’m Reading this Morning… The dollar is not weak where it counts – in China. (FloydNorris) The big BIG stock winners of 2009. (TheFly) Morgan Stanley: according to the Debt-Equity Clock it’s time to own stocks. (PragCap) Rolfe caught George Soros and Stephen Roach at The Economist conference, here are their thoughts: (Reuters) I…
