Clearly, there are some areas of the economy that are showing signs of a recovery. What this may mean to stocks, bonds, real estate etc is not the subject of this post. Instead, let’s take a moment to ponder the new emerging headwind that could throw a serious monkey wrench in our recovery hopes for…
Doug Kass
Breakfast Links: Meatbags & the Cheese Purse
Stuff I’m Reading this Morning… Are you ready for the torrent of earnings as 143 of the S&P 500 companies report this week? Here’s a preview: (TheStreet.com) Dissecting Joseph Stiglitz, this era’s “rockstar” economist. (Economist’s View) Pimco and a group of bondholders bail out CIT. Yay, I think… (Reuters) The battle for White House influence…
Hot Links: Black Swans, DJs, CEOs, Rogers and Kass
Hot Links for Weekend Reading Let’s kick it off with a Think Piece from Johnny Debacle of Long or Short Capital. Johnny asks the question “Why be a JD (Juris Doctor) when you could be a DJ (Disc Jockey)?” I got two from The Business Insider this week…first, a slideshow of the Worst CEOs Ever,…
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…
Droppin' Knowledge: Doug Kass Takes on the Perma-Bears
“I have often written that both perma-bears and perma-bulls are attention-getters, not money-makers.” Doug Kass, May 2009 On May 27th, TRB fave commentator Doug Kass of Seabreeze Partners and TheStreet.com took on the Cult of the Perma-Bears. As someone who is often characterized as a bear, he sought to establish the difference between people who have…
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…
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…
Hot Links: CNBC, Positivity, Thomas Weisel & Credit Cards
Hot Links for Weekend Reading Ever wondered what CNBC actually stands for? Its their 20 year anniversary, so check out The Business Insider (the old Clusterstock) for the answer and amaze your friends and co-workers! Also on TBI, James Cramer breaks his silence on his appearance with The Daily Show’s Jon Stewart. Twas an ambush….
Hot Links: Doug Kass, DinoTrader & Jamie Dimon
Hot Links for Weekend Reading: Earlier this week, in print and on Kudlow & Co, Doug Kass of Seabreeze Partners emphasized that he felt the market was printing a significant bottom at these levels. Regular readers of TRB know that Kass is my fave pundit/ commentator and his bottoming call is an important one. It’s…
Hot Links: Zombie Banks, the Trader Tax & Doug Kass
Hot Links for Weekend Reading On The Big Picture this week, Barry Ritholtz explained the definition of a Zombie Bank, complete with a table of companies that currently qualify as zombies. TheStreet.com‘s James “Rev Shark” DePorre has certainly been busy this week with the launch of his petition to combat the “Trader’s Tax“. It seems…
