Dave Morrow, a giant of financial web journalism, passed today at age 49.
James Cramer
Hot Links: Cramer Reverses on Trader Tax, Taleb in Exile & Flying Cars
Stuff I’m Reading this Morning… Stocks set to rip at the open as Dubai gets the rearview mirror treatment and China posts big data. (Bloomberg) The Andrew Ross Sorkin op-ed on Dubai, A Financial Mirage in the Desert. (NYT) Our economic consequences for being fat slobs. (InvestingCaffiene) A guide to November’s stock buyback announcements, including…
A Rational Objection to the Trader Tax from Eric Jackson
Traders around the country are erupting in furor over Jim Cramer’s unfortunate comments in support of the proposed Trader Tax. Speaking on CNBC in his regular shoot-from-the-hip slot, Cramer basically said what amounted to “why not?” when asked about the Democrats’ backward idea to extract a percentage of every transaction on the markets. I read…
Hot Links: Faber on Cramer, Kwak on Dimon & My Parents Were Awesome
Hot Links for Weekend Reading… Note To Jamie Dimon: Repeating Something Doesn’t Make it True – Kwak dismantles Big Bank Benefit Op-Ed. (BaselineScenario) Corporate board rules under the new Dodd finance reform bill. Important read for investors. (TBP) Two Madoff IT geeks arrested. I say Hang ’em High, he couldn’t have done it without them. …
Winners and Sinners: Synovus Financial (SNV)
Synovus Financial (SNV) looks like it was hit by a bus today, down 21% from last night’s close as of this posting on a worse than expected earnings report. What’s notable about this Georgia-based bank is that in a rush to get long some banks this summer and fall, SNV was mentioned favorably by way too…
Hot Links: Bear-baiting & Billboards
Stuff I’m Reading this Morning… Is a new National Sales Tax coming? Econophile says yes, it’s inevitable. (ZeroHedge) Should Moody’s get the Arthur Anderson Treatment? (Newsweek) Great first line: “Yeah, so all that business about Roger Penske stepping in and rescuing clown car manufacturer Saturn? Not so much.” (LOLFed) Cramer‘s baiting the bears…
Giving Cramer Credit For His Citigroup Call
I know, I know…Cramer‘s picks underperform the market and Cramer’s hedge fund performance performance was all from IPO’s and Cramer makes out with Lenny Dykstra and blah blah blah. I don’t have time to do a whole Defending Cramer piece right now and I’m not interested in having this post turned into a warzone for…
The Big Picture Challenges Jim Cramer on the Banks
The Big Picture’s Chris Whalen had this to say about James Cramer‘s table-pounding on US Bancorp (USB), Webster Bank (WBS) et al this morning: I notice that Jim Cramer is yowling on TheStreet.com today, pounding the table on US Bancorp (USB) and Webster Savings Bank (WBS). Jim, how much you want to buy? These institutions are going to…
Breakfast Links: IPO's, Cramer & the B of A Tower
Stuff I’m Reading this Morning… First, I want to wish a happy 4th birthday to Long or Short Capital‘s site…these guys are great, start reading. (LongOrShort) 4 IPO’s scheduled for August. I forgot, what’s an IPO, again? (DealBook) How many NYC restaurants have gone under this year? Not that many, considering… (Grub Street) Straight up…
The Cramer Uptick Rule Petition
A group of market commentators from TheStreet.com, including James Cramer, have put out a petition which lobbies for the reinstatement of the original Uptick Rule, as opposed to a loophole-laden approximation filled with caveats and work-arounds as is rumored to be a possibility. The SEC is currently seeking comment until June 19th. There were only…
