The Big Picture’s Chris Whalen had this to say about James Cramer‘s table-pounding on US Bancorp (USB), Webster Bank (WBS) et al this morning: I notice that Jim Cramer is yowling on TheStreet.com today, pounding the table on US Bancorp (USB) and Webster Savings Bank (WBS). Jim, how much you want to buy? These institutions are going to…
Breakfast Links: Toilet Paper Tube Sculptures
Stuff I’m Reading this Morning… The Epicurean Dealmaker on Harvard the Hedge Fund. (TED) Rushkoff on MicroHoo; Calls Yahoo “Microsoft’s Prison Yard Bitch“. (Daily Beast) Weak Dollar overnight, so you know what that means: Explosive global rally in stocks and commodities? (MarketWatch) CB Richard Ellis in the eye of the commercial real estate storm. (LA…
Paul Wilmott on High Frequency Trading
This is a very important perspective on what the rise of High Frequency Trading may mean to our markets and the companies that trade on them. The piece is short on empirical evidence but long on common sense. The main questions raised in the op-ed are: Is the liquidity argument that HFT proponents spout so…
Breakfast Links: IPO's, Cramer & the B of A Tower
Stuff I’m Reading this Morning… First, I want to wish a happy 4th birthday to Long or Short Capital‘s site…these guys are great, start reading. (LongOrShort) 4 IPO’s scheduled for August. I forgot, what’s an IPO, again? (DealBook) How many NYC restaurants have gone under this year? Not that many, considering… (Grub Street) Straight up…
Capitalism Lesson #1: Don't Kill Anyone, Just Sue.
From the Wall Street Journal: BEIJING — More than a thousand steel workers in China’s northeast staged an at-times violent protest against the planned takeover of their state-run employer and a group of them killed a top executive at the private company that was to acquire it, Chinese state-run media reported. How nice. So,…
About That Public-Private Fund For Retail Investors…
Disclaimer: My commentary below is strictly a relaying of publicly-available news from major publications. I have absolutely no interest in being responsible for anyone’s investments who reads this website without doing their own homework. OK, I had to satiate the gods of regulation. Now that it’s just us adults, I thought I’d discuss yesterday’s news…
Breakfast Links: Housing Bottoms, Car Wars & Pigs in the Hamptons
Stuff I’m Reading this Morning… Major firm strategists move around their year-end S&P 500 targets, as if anyone cares what they think anymore. (BIG) I agree with this one, farewell Geneva asset management biz…do some actual work. (Minyanville) Bank failures accelerating. (TBP) Ezra Klein on the new Menu Labeling trend. (WaPo) Henry Blodget explains the…
Business of Baseball: Yankees President Randy Levine on Happy Hour
When the gang from Fox Business invited me up to the Bronx to check out the new Yankee Stadium and be a fly on the wall during a live taping of Happy Hour, I jumped at the chance. This was my first time at the new stadium, and while the Mets‘ new Citi Field is…
Does Microsoft Have It's Swagger Back?
[vodpod id=Groupvideo.3040005&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Over the weekend, the eggheads at Knowledge@Wharton posted an update on Microsoft‘s new focus on driving innovation. The score so far is something like Google/Apple 50, Microsoft 1 (Bing‘s working) in terms of innovation, but in technology, this can change out of nowhere (see Palm Inc for an example). It’s also worth noting…
Breakfast Links: Schumer, Bernanke & The God of Email
Stuff I’m Reading this Morning… The Hard Rock Hotel in Las Vegas is undergoing a big expansion right now…good timing. (AP via Yahoo) Seantor Schumer asks SEC Chief Mary Shapiro to ban high frequency trading. No Goldman campaign money for you, Chuck. (Bloomberg) The Great Preventer op-ed: Why Nouriel Roubini thinks Ben Bernanke should be…
