Intro to Markets: Late Day Sell-Offs

That’s the 30-minute SPY chart above and a sweet f*cking sailboat I drew in MS Paint. Here’s the thing, you absolutely do not want to see this new pattern of late-day sell-offs become a thing. They are the absolute worst, much worse than opening gaps down.  They signal fatigue and a lack of enthusiasm once…

The Messiahphone Arrives

I’ll be avoiding the majority of the hype today over the iPhone 5 launch and Barry and I have a client in town and bone-in ribeye steaks are on the menu. The details have already leaked anyway, here’s Zack Whittaker on cnet: Apple’s next-generation smartphone will be called the iPhone 5, according to an inactive…

Everything is Wunderbar Now

Big news, Dow futures on a rampage at the moment, this may be even more important than the iPhone 5 event at 10 am later this morning… From the New York Times: KARLSRUHE, Germany – Germany’s Federal Constitutional Court on Wednesday gave Chancellor Angela Merkel a significant victory in her bid to master the debt…

That Big Michael Lewis Obama Profile Just Hit

You’ve heard about it pretty much all summer, and now it’s finally here, live at Vanity Fair… To understand how air-force navigator Tyler Stark ended up in a thornbush in the Libyan desert in March 2011, one must understand what it’s like to be president of the United States—and this president in particular. Hanging around…

that day

The sky today above New York City is clear and blue. It’s almost identical to the sky that day, eleven years ago.  Like every New Yorker, I have a 9/11 story. I’ve told it before, mostly for my own benefit, just to get the words out. I’m not telling it anymore though. I’m going to…

What is MSSB Worth?

“Morgan Stanley has agreed to buy the rest of its brokerage joint venture from Citigroup Inc over time at a price that values the business at $13.5 billion”