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. …
Metals
Commodity Plays: The Search For What Hasn't Moved Yet
Crunch time for portfolio managers. I read in Barron’s this weekend that the average US stock mutual fund manager is about 5% ahead of the S&P 500 this year, according to Lipper. OK, but it’s the below-average performing PM that really needs the juice right about now, with 10 weeks or so left to make…
Market Recap: China Plays Peter Out
[vodpod id=Groupvideo.2654635&w=425&h=350&fv=] The Reformed Broker, AKA Sweet Georgia Brown, here with today’s Market Recap… Well we certainly couldn’t go up every day, guys! The pain was everywhere with the Dow off around 100, but it was felt the most in the inflation/ weak dollar/ China export sectors. Here’s the chalk outline at the 3:30 look: Worst…
Market Recap: Hospitals Hop
[youtube=http://www.youtube.com/watch?v=PzysbFcCYS8] The Reformed Broker, AKA Dr. Feelgood, here with today’s Market Recap… Goldman upgraded one of the worst hospital stocks extant, Tenet Health, this morning: Goldman said it is upgrading THC to Buy from Neutral based on more favorable view of urban hospitals. Notes potential for continued margin improvement and benefit of normalizing credit markets. Price…
Bail-ski: A Toast to the Russian Oligarchs, They're Gonna Need It
Forbes Russia just put out its 100 Wealthiest Russians lists and in the spirit of Glasnost, I thought I’d open up the discussion here. The numbers are out and the news is uglier than that thing on Gorbachev‘s head for Russia’s billionaire oligarch class… From Forbes Russia via The Guardian UK: The number…
