Stuff I’m Reading this Morning… Biggest gain in Chinese stocks in 6 months last night, Shanghai up 4.8% on the session. (Bloomberg) The age old debate about genes and income gets a great treatment by Mike Konczal. (RortyBomb) The latest Fed meeting minutes divined for your reading pleasure. (NYT) It’s that time again…annual report to…
Bank of America
5 Midget Banks I'm Watching
With the breathtaking run-up in larger banks like Wells Fargo and Bank of America, many traders are now looking at the smaller, lower quality names in the banking sector for back-from-the-dead survival plays. Above is a quick comparison I’ve put together of some of the second/ third tier banks, the ones with more regional exposure…
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…
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…
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…
Market Recap: The New Beasts
The Reformed Broker, AKA Daddy Warbucks, here with today’s Market Recap… I thought I’d skip the averages today in favor of showing three charts of The New Beasts. From every bear market, a set of new leaders emerges, often, these are stocks that had nothing to do with the prior bull market. My highlighting of…
Market Recap: Goodbye Grasshopper
[youtube=http://www.youtube.com/watch?v=5E0WHDMrL_U] The Reformed Broker, AKA Beatrix Kiddo, here with today’s Market Recap… Yet another meltup today as the banks led the charge. James Cramer of TheStreet.com believes that Bank of America (BAC) is the most important tell in this market right now because of it’s mortgage exposure, mutual fund manager attraction and all of their…
Market Recap: Today was a Brick
[youtube=http://www.youtube.com/watch?v=KakinPNRiDc] The Reformed Broker, AKA Brian Fantana, here with today’s Market Recap… The Dow lost around 130 points, but surprisingly, Bank of America (BAC), Citi (C) and the other big banks were flattish all day. Here’s where the carnage was: Laggards in Price Performance (Intraday) Office Supplies -6.40% Internet Service Providers -6.30% Resorts & Casinos…
Market Recap: BAC Hangover?
The Reformed Broker, AKA Mean Mr. Mustard, here with today’s Market Recap… As the enthusiam for Bank of America’s (BAC) Mother-of-all-Secondaries waned, the only thing left glittering was basically gold and it’s cousin silver. Will bank shareholders end up like the guy in the photo above come the celebration’s end? Here’s the 3:30 look at…
Market Recap: Thank You, India
[youtube=http://www.youtube.com/watch?v=NL1Nu3qZLdg] The Reformed Broker, AKA Louis Lane, here with today’s Market Recap… OMG…India’s Sensex Index literally exploded overnight, rallying more than 2000 points, or 17.34% in one session. This led to a massive commodity and overseas-exposure rally here in the US with the Dow up around 200 points at the 3:30 look. Top sectors include…
