Remember that girl from high school who was so hot and so out of your league back then that you would’ve jumped out of a plane without a parachute just to get her attention? Yeah, me neither. But now imagine that this girl walks by you on the street and you barely recognize her. That…
Dow Jones
Unlucky Sevens: Bespoke on the 1 Year Anniversary
One year ago today, the world looked and felt like it was coming to an end on Wall Street. The Dow dropped 777 points which was actually a larger point drop than the day the market reopened after the 9/11 attacks. Bespoke Investment Group does a great job reminding us of what was going on…
I Have a Dream…About Financial Media
Much has been made recently about the distinction between financial bloggers and mainstream media journalists and whether or not there should even be one. I hope that one day, we are all judged by the quality of our insight and integrity, rather than by our majors in college. With the deepest respect for the words…
OMG: Dow Jones Index Business For Sale!
Since 1884, the Dow Jones Industrial Average (and to a lesser extent, the DJ Transportation Average) has been the most widely-followed and broadly-used measure of US blue chip stock performance in the world. And Rupert Murdoch, who acquired the Dow Jones Company to get the Wall Street Journal, is putting it up for sale via…
More Hot Links: Original Dow 30 & Marc Dreier
More Hot Links for Weekend Reading Here’s the story about a lawyer you will hate even more than all of the other lawyers you already despise. Marc Dreier was a powerhouse bi-coastal player, ripping off hedge funds, real estate developers and possibly one of my favorite rock bands in the world, Wilco. New York Magazine…
TGIF: What a Difference a Week Makes!
In the TGIF space last Friday, I posted a clip of R.E.M. doing “It’s The End Of The World As We Know It” as the Dow plunged below 6500 (seen here). This week, the Dow has ripped about 11% as of this writing and although nothing in the ecconomy has gotten better, a few days…
TGIF: Dow 6500…Sing With Michael
R.E.M. live in Toronto, 2001
Will Visa Replace Citi in the Dow Jones?
I did a piece recently, New Candidates for the Dow Jones, and since then, things have gotten even worse for Bank of America (BAC), Citigroup (C) and a handful of other DJIA names. While the Index Editor who oversees the Dow, John Prestbo, has gone on record saying there won’t be any changes right now,…
Dow 6800: Free Fallin'
Bet they ain’t cheering now… [youtube=http://www.youtube.com/watch?v=-FqA2WINPF4]
New Dow Jones Industrial Average Candidates?
As of this writing, there are 4 stocks in the Dow Jones Industrial Average that are trading under $10 per share (and several others that are close): Citigroup (C) Bank of America (BAC) General Motors (GM) Alcoa (AA) According to Jim Bianco of Bianco Research: “Dow Jones, the keeper of the DJIA, has an unwritten…
