The Wall Street Journal had a huge story about Raj Rajnaratnam, the Galleon Fund insider trader, and while his actions were despicable, ya gotta love his sense of humor… From the WSJ via Dealbreaker: The hedge fund community has been (potentially) robbed of a tremendous human being: “At Galleon, Mr. Rajaratnam took his fondness for pranks and…
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Hot Links: Warren G, Bill Clinton & the Facebook IPO
Hot Links for Weekend Reading… What agreements and tangible progress came out of the G-20? More than you think. (DealBook) News to me! Those who are dying to get in on the Facebook IPO have an extremely early and expensive option. (Clusterstock) Talking capitalism and entrepreneurship with Bill Clinton and friends. (Forbes) Gangsta Rap legend…
Hot Links: McDonaldland
Stuff I’m Reading this Morning… A Fed official talks about the potential for aggressive interest rates hikes when necessary. (Bloomberg) Trader Mark on the Julian Robertson Armageddon interview. (FundMyMutualFund) Yes, Twitter is worth 74 kajillion dollars, haters. (NYP) Rumors of a Blackstone LBO for Sea World. Somebody warn Shamu! (LOLFed) Jesse is still agnostic on…
Guess Who's Back!
Read Also: Money Never Sleeps Caption Contest (Dealbreaker) Blue Horseshoe Worries About the Wall Street Sequel (TRB) Gordon Gekko Released from Prison (DailyMail) Charlie Sheen Cameo Confirmed for Wall Street Sequel (ComedyCentralUK)
Hot Links: Bizarro FDIC
Stuff I’m Reading this Morning… Dollar down, stocks and commodities _____? Yeah, yeah, you know the rest. (Bloomberg) Story of the Day: Bizarro FDIC to borrow money from…The Banks! (NYT) This was fascinating: World economies and where we are on the productivity curve. (Clusterstock) Maryland is the most moneymaking state in the US. (CNNMoney) John…
Hot Links: Megan Fox & The Siren Song of the Bears
Hot Links for Weekend Reading… David Merkel on ignoring the siren song of bearishness in a bull market. (AlephBlog) The big BIG winners of 2009: Stocks that are up 400% plus: (Bespoke) Bonus/ compensation discussions will be prominent at the G-20 meeting next week. (Bloomberg) Peter Schiff: Letting Lehman go was one of the only…
Hot Links: Godspeed Patrick Swayze
Stuff I’m Reading this Morning… A roundup of various currency ETFs and how they’ve done as the dollar dropped (and dropped). (Bespoke) Sorkin: Obama‘s big reform speech fell on deaf ears on Wall Street yesterday. (DealBook) Fast-Forwarding Gordon Gekko. (NYT) They fired the Wells Fargo foreclosed mansion squatter. I kinda liked the gal. (Dealbreaker) A…
What Your Favorite Blogs Said at the Bottom
The S&P 500 and Dow Jones Industrial Average bottomed out at around 666 and 6500 respectively on Friday, March 6th of 2009. Just for fun, and because it’s been too hot to go outdoors, I thought I’d take a look back at what my favorite financial bloggers were talking about as we stared into the…
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…
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…
