from We Love Data Vis Stuff I’m Reading this Morning… The gold correction that began last week seems to be continuing. (MarketBeat) Credit Suisse joins Morgan Stanley in predicting a sucky 2010 for stocks. (PragCap) An epic list of big commercial real estate projects that look to be the “next shoes to drop”. (ZeroHedge) Treasury…
Gold
Public Service Announcement: Gold is Now the Risk Trade, Not the Safe Haven
“A camel sneezed in Dubai and the immediate reaction was a flight to – THE US DOLLAR”
– TRB
Dubai Default: Let's Get Ready to Crumble
UPDATE HERE: DUBAI AS COMMERCIAL RE CANARY IN THE COAL MINE Dubai’s sovereign debt is the disaster du jour, Europe already took a 3% hit yesterday while we were ODing on tryptophan and cranberry relish. We’re looking at a down 200+ open on the Dow as of this post (8am). I’m still getting acquainted with…
Hot Links: Jeff Saut, Felix Salmon & the Coffee Wars
Stuff I’m Reading this Morning… Goldman Sachs on how to trade the end of the year. (PragCap) The coffee wars have begun. (CrossingWallStreet) Does Felix Salmon own the internet? Have you registered with him yet? (MoneyIsTheWay) India is not finished with its IMF gold purchases. (ZeroHedge) Jeff Saut on what “performance chasing” means to the…
John Paulson Likes Gold…More Than a Friend
John Paulson of Paulson & Co, the legendary hedge fund manager who made tens of billions betting on the mortgage crisis between 2007 to 2009, likes gold. He really likes it. He likes gold more than a friend. To most market participants, this is not news, but here’s something you probably didn’t know: Paulson owns…
Hot Links: Too Fat To Graduate
Stuff I’m Reading this Morning… Fed to Banks: Payback Time. (Bloomberg) The nominees for Fund Manager of the Decade. (FinancialAdvisor) Jeff Saut (Raymond James strategist) calls the bears a “Cacophany of Crybabies”. (Clusterstock) The seven best deals on cars this Black Friday. (CNNMoney) Horrid economy gives a boost to evangelists and religious cult of personalities. …
No One is Buying Real Gold, They're Just Betting On Higher Gold Prices
This is a remarkable story. I am not calling for either higher or lower gold prices as this is a forecast-free blog. I will say that depending on how you interpret the facts, your outlook, bullish or bearish, may change. The LA Times offers us an interesting look at the divergence between the activity of…
Coupla Things on a Red Thursday Afternoon…
The market sucks today, but not the blogosphere! Here’s a few links to keep you lol-ing The Felix Salmon v Henry Blodget is coming to a resolution, with some serious passive aggression, the kind that I thought only my wife could deliver! Here’s Henry Blodget and here’s Felix Salmon. Do try to play nice, boys. …
Hot Links: The History of the Internet
Stuff I’m Reading this Morning… What to make of the recent surge of IPO issuance. (SmartMoney) Hedgie Leon Black and his Apollo Management buying up the debt of CT’s Foxwoods casino. (NYP) Morningstar‘s new Shareholders tab let’s you keep track of who else owns your stock. (Morningstar) Eric Sprott on the pickup in momentum for…
Hot Links: Zhu Zhu Pets!
Stuff I’m Reading this Morning… Gold at a new high overnight, silver screaming, etc. (WSJ) Hedge Fund biggies like John Paulson and David Tepper snatching up Citigroup shares. (DealBook) Howard Lindzon on which companies are thriving in the New NASDAQ. (HowardLindzon) 10 Things Your Local News Won’t Tell You. (SmartMoney) Ritholtz and Kedrosky: Charting the…
