I owe someone a major apology for something I wrote last week which was completely disingenuous to their standing and reputation in our industry. It all started when I read an article in Forbes that I felt was insulting to professionals in the brokerage and advisory industry. Since I’ve started my career, I’ve seen a…
Fed Leaves Rates Unch, Kass Sees Possibility of Much Higher Rates in the Statement
OK, so my excitement for today’s FOMC meeting notwithstanding, today’s statement, on it’s surface, didn’t appear to contain anything new. That said, TheStreet.com’s Doug Kass, my fave market commentator, has come away with a different perspective on what may have been said between the lines. 8/12/2009 2:48 PM EDT From my perch, the Fed report suggests…
FOMC Day! Get Your Programs!
I love FOMC Day! From the moment I wake up, my stomach is filled with butterflies, really pretty purple and pink ones, as I look forward to the 2 o’clock hour. At this appointed hour, the chairman of the world’s most secretive monetary institution descends from on high with his stone tablets, which are emblazoned…
Hot Links: Blodget & Spitzer Sittin' in a Tree
Stuff I’m Reading this Morning… Not just tent cities anymore, more like a Tent Metropolis in Nashville, TN. (WSJ) The SEC kids were dropping off resumes after auditing Bernie Madoff. Nice. (NYP) Felix Salmon saw the Scariest Billboard of the Day in NYC yesterday. (Reuters) My favorite read of the week: Lunch and a discussion…
Frank Langella Joins the Wall Street Sequel
This is cool, from Variety: Frank Langella set for ‘Wall Street 2’ Actor joins LaBeouf, Douglas in Stone sequel Frank Langella will join the cast of “Wall Street 2: Money Never Sleeps,” the Oliver Stone-directed sequel for 20th Century Fox. Shia LaBeouf stars with Michael Douglas, who’ll reprise his Gordon Gekko role. Josh Brolin is…
On the Plus Side…
A good way to look at all that “less bad” data we keep hearing about… Sources: Cagle.com
Droppin' Knowledge: Matt Horween Unleashed
You guys know how much I love righteous indignation as a writing style. Matt Horween of TheStreet.com is ladling it out thick for anyone with a bowl in his six part op-ed that will run every day this week, enitled Fix America Now. Yesterday’s opener was crackling with skepticism over our military expenses in the…
Hot Links: Imus, Hitchens & the Mancession
Stuff I’m Reading this Morning… Talk radio legend Don Imus is in talks with Fox Business. (LATimes) Wonk Wars: A recap of the regulation and markets debate between Greg Falkenstein and Justin Fox of CBS Money Watch. (Falkenblog) It’s official: Gawker is calling it the Mancession. LOL. (Gawker) These stocks actually dropped during the big…
Greg Michaels is Getting There…Be Patient
Let me spend a moment coming to the aid of Greg Michaels, not that he really needs me to. Greg is the new writer on Dealbreaker and since his Bambi-esque beginnings, learning to stand up on the wobbly legs of a newborn fawn, he’s shown steady progress on the site. His topics are getting more…
Squashing the Goldman Beef
You can always tell when you’re talking to someone who at one point in their career worked at Goldman Sachs. How? Simple. Within the first 5 minutes or so, they will begin a sentence with the phrase “When I was at Goldman,”. This is the real world equivalent of Anchorman‘s Ron Burgundy telling a girl…
