The Reformed Broker, AKA Phat Albert, here with today’s Market Recap… A lot of churning in the markets this morning, but the resolution was clearly to the upside. The Dow Jones Industrial Average is now at the highest point since the wheels fell off in early February. The consumer recovery plays were the winners today, with everything…
Jamie Dimon
Jamie Dimon For President
Jamie Dimon doesn’t just Beat the Street, he Owns the Street. I read somewhere that 20% of the world’s money market funds were currently with JPMorgan Chase. I can’t remember where I heard it, but if that’s even close to accurate, that’s a remarkable statistic and it shows you who’s going to be the big…
Market Recap: Stocks and Lindsay Lohan on the Rebound
[vodpod id=ExternalVideo.810875&w=425&h=350&fv=key%3D0d646e2edb] The Reformed Broker, AKA Pine Cone Jones, here with today’s Market Recap… Much like Lindsay Lohan (from my hometown), who, according to the above eHarmony video, is getting back on the dating scene, stocks rebounded today from yesterday’s bout of profit-taking. The true battleground today was at 840 on the S&P, which my…
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…
Jamie Dimon is a Dreamboat
I’m a happily married man, but Jamie Dimon’s Chamber of Commerce speech today set my heart aflutter and was EXACTLY what the market and the media needed to hear after the last few weeks. A lot of the mud that’s been hurled at Wall Street lately has been completely warranted but at a certain point, its…
Hot Links: Ken Lewis Edition
Hot Links for Weekend Reading: The country is made up of two types of people right now, those who care about the Bank of America/ Merrill Lynch saga and those who truly don’t mind being robbed and pillaged in broad daylight. When the news came out that Merrill Lynch CEO John Thain requested a $10…
