Why didn’t our generation get any heroes out of our depression?
Great Depression
Hot Links: Perp Walks, Proud Bulls and the Skiing Robot
Stuff I’m Reading this Morning… Rockstar Raymond James strategist Jeff Saut is still bullish and proud of it. (PragCap) Say hello to Preet Bharara, the New Sheriff of Wall Street. (Clusterstock) Eddy Elfenbein: David Rosenberg is running away from his bad calls. (CrossingWallStreet) Bess opens the floodgates of speculation on which Hedgie will be doing…
Comparing This Decade's NASDAQ to the 1930's Dow Jones
In a new He Said/ She Said piece from the Wall Street Journal, we get the above chart, which compares the last 9 years of the NASDAQ to the Dow Jones Industrial Average of the Great Depression. Without question, there is an eerie similarity in the squiggles. From the WSJ: Editor’s Note: It was the…
Hot Links: NFL Injuries, Bill Miller's "Comeback" & the Second Depression
Hot Links for Morning Reading… Thanks to The Pragmatic Capitalist for taking on that Barron’s Bill Miller piece. You’re exactly right. (PragCap) The Thomas Palley Second Great Depression piece everyone will be talking about today. (FT) Big Story: How the online shopping monster can kill the recovery. (NYP) Fire sale at Blackstone: Up to 8…
Bernanke: More Bank Of Japan Imitation to Come
In a widely telegraphed move, the FOMC today voted to keep Fed Funds target rate at zero. Oh, and based on the statement, don’t expect this to change anytime soon. Bernanke may have been a student of The Depression, but he is clearly a fan of the Japanese Lost Decades. All that was missing from…
Halfway Through?
Click Image to Embiggen Doug Short‘s really done a fantastic job on this one…a chart comparing our current nasty bear market (summer rally notwithstanding) with both the 20 year bear market that followed the Crash of ’29 and the lost pair of decades for the Nikkei that began in 1989. The most important thing to…
Goodbye Bill Seidman
[youtube=http://www.youtube.com/watch?v=_91pCe2jgHU] Bill Seidman passed away yesterday. Rather than attempt to write up an obit without any new details of the man’s extraordinary career or service to his country, I thought I’d show you how good and sharp he was as a market commentator. The above video shows Bill Seidman doing what he did best…being insightful…
The Good News: Bad Economy = Great Music
In times of economic stress, great new styles and movements emerge in American popular music. Below is a chart I’ve put together to illustrate my point. Interestingly, frivolous pop excess gets swept away as well when we get serious about the artists we want to listen to in tough times. Below is The Reformed Broker’s…
