Click Image to Embiggen Doug Short‘s really done a fantastic job on this one…a chart comparing our current nasty bear market (summer rally notwithstanding) with both the 20 year bear market that followed the Crash of ’29 and the lost pair of decades for the Nikkei that began in 1989. The most important thing to…
More Hot Links: Weinstein, Buffett & the US Consumer
More Hot Links for Weekend Reading… Deconstructing Warren Buffett‘s latest 13F filing. What’s the Oracle up to with his stocks? (DividendGrowthInvestor) The rise and fall of the Weinstein brothers. (NYT) This is the post of the weekend: Tyler Durden takes a detailed look at the US Consumer (with a bit of help from McKinsey). (ZeroHedge)…
TRB Interviewed on Behind The Spread
Haven’t had your fill of smart alecky Wall Street commentary from yours truly this week? I gave an interview to Hiro Takei of Behind The Spread, a great new site loaded with interviews of Wall Street personalities. He asked some really interesting questions about being in the business and keeping up to speed with the…
Green Shoots in San Francisco
Believe me, I have no empirical evidence to share about a turnaround in the economy as it probably doesn’t exist just yet. But I do have a hopeful and interesting story to share about a tech startup taking over the abandoned space of a shuttered hedge fund and making cool, cutting edge stuff. This is…
About that Chevy Volt We're All So Excited About…
Sources: Cartoons of the Week (TIME)
Measuring GDP Growth from Space
The image above is from a series of shots taken by satellite over the course of 11 years. It will be used by scientists to get a better idea of how economies in developing countries are growing. In many places, the data reported locally just isn’t reliable or robust enough to truly capture the rate…
Hot Links: Prechter, Keynes & MJ's Glove
Stuff I’m Reading this Morning… Elliot wave fanatic Bob Prechter looking for $10 a barrel crude oil over the next few years, completing the supercycle that started in the 90’s. (Clusterstock) Karl Denninger explains karma to Bank of America. (MarketTicker) Abercrombie can’t catch a break. (YahooFinance) Michael Jackson‘s glittery glove is going up for auction….
July Retail Sales…Yep, Still Ugly
Europe and Asia were leading the way higher for S&P futures early this morning…until this ugly bucket of cold water was thrown at the optimists. What you’re looking at here is July Retail Sales broken down by sector. Don’t get too fired up over the Cash 4 Clunkers-induced gain for the autos. We’re not going to…
You and Us. (*unless things get ugly, then you're on your own)
One of the more curious features of the wealth management business over the last few years was the unfair competitive advantage that some firms had over others because of their innate ability to offer tax-evasion-as-a-service to high net worth investors as a selling point. It’s nice to hear that someone out there in Governmentland actually cares……
Hot Links: Ackman, Paulson, Samberg & Whole Foods
Stuff I’m Reading this Morning… William Ackman may finally be done bashing his pretty head against the brick wall that is Target. (Dealbreaker) Ezra Klein on what Whole Foods can teach us about healthcare. (WaPo) Bespoke breaks down hedge fund star John Paulson‘s most recent sector allocations. (BIG) And then Trader Mark discusses Paulson’s just-revealed…
