Hot Links for Weekend Reading Who was the luckiest financial blogger of the week? My pal Stephen over at Wall Street Fighter visited with gorgeous and talented anchorwoman Jenna Lee of Fox Business for an interview, so you tell me! The investor class and all of institutional Wall Street was aghast at Obama‘s treatment of…
TGIF Market Recap: Salute Your Dilution
[youtube=http://www.youtube.com/watch?v=kov83AXN1Xs] The Reformed Broker, AKA Professor Plum, here with today’s Market Recap… Today’s won’t be a legit recap as I am out of the office early today on a secret Golfing assignment. The big news today was the post-stress test avalanche of secondary offerings from the banks. Shareholders can Salute their Dilution while jamming…
The Dinosaur Trader Says Goodbye…For Now.
One of my fave bloggers announced the closing of his site yesterday and I thought I’d reprint the note he put out to his loyal readers (I am one of them). From Dinosaur Trader: I’ve written this blog for over 2 years amidst the worst period in my 10-year trading career. It has been a…
This Just In: Wells Fargo Secondary Announced
Reuters just reported: 1869 RAS 08:12 WELLS FARGO & CO ISSUE TO RAISE $7.5 BLN- SOURCE =A3 1868 RAS 08:10 WELLS FARGO & CO TO SELL 341 MLN SHARES- SOURCE =A2 1867 RAS 08:10 WELLS FARGO & CO WFC PRICES STOCK ISSUE AT $22 PER SHARE Where did we hear that first? Oh, yeah…Doug Kass’s…
My Interview with Cody Willard
The good folks over at the Fox Business network reached out to me and asked if I’d be interested in talking to any of the personalities for this site. I jumped at the opportunity to do a Q & A with Cody Willard, the host of Happy Hour, who’s also done some great writing for TheStreet.com…
Market Recap: Stressin' the Test
[youtube=http://www.youtube.com/watch?v=W6CfC3Iax-Q] The Reformed Broker, AKA Daniel Faraday, here with today’s Market Recap… You knew we were due. The market was exhausted and needed a break. Now the big question is whether or not that was the end of a massive bear market rally, or just the beginning of something else. I’m undecided, but I’ll work…
This is the Remix: TRB vs. Geithner
Treasury Secretary Timothy Geithner wrote an op-ed in the NYT today outlining how the stress tests on 19 of the largest US banks were conducted. This is the remix… THIS afternoon, Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve and the butcher, the baker and…
Mortimer, We're Back: Return of the Broker
[vodpod id=Groupvideo.2483668&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] X I saw a piece in the Journal today that blew my mind. After everything we’ve been through since the fall of 2007, retail stockbrokers have begun to leave their turrets in big numbers this spring: From the Wall Street Journal via Barry Ritholtz: In April, more than 2,800 people registered as brokers…
Market Recap: The Banks!!!
[youtube=http://www.youtube.com/watch?v=5Mum6ggkBJs&feature=related] The Reformed Broker, AKA Nouriel Houdini, here with today’s Market Recap… The news hit this morning that Bank of America (BAC) needs another $35 billion to remain solvent…so how did the market react? We took the money center banks through the f@ckin’ roof! Here’s the 3 o’clock look at the sector: Industry Top Performers…
If the World Runs in Real-Time, Why Can't the Fed?
Look, we’ve had only one soft landing since the Second World War. Basically, we’ve got it wrong every single time. Vivek Ranadivé, Founder of TIBCO Malcolm Gladwell, the author of The Tipping Point, turns in yet another juicy discourse, this time on the fact that David beats Goliath more often than you’d think, in warfare,…
