[youtube= http://www.youtube.com/watch?v=c6wTY37EvQI] The Reformed Broker, AKA Sam the Butcher, here with today’s Market Recap… Holders of Sears Holdings (SHLD) can celebrate like the Brady’s today in the above video: “Put on your Sunday best kids, we’re going to Sears!” – Mike Brady The retailer without a purpose came out this morning with an unexpected profit, albeit one…
TGIF
TGIF Market Recap: Salute Your Dilution
[youtube=http://www.youtube.com/watch?v=kov83AXN1Xs] The Reformed Broker, AKA Professor Plum, here with today’s Market Recap… Today’s won’t be a legit recap as I am out of the office early today on a secret Golfing assignment. The big news today was the post-stress test avalanche of secondary offerings from the banks. Shareholders can Salute their Dilution while jamming…
TGIF Market Recap: Sail Away with the Shippers
[youtube=http://www.youtube.com/watch?v=BARLfUmyBJA] The Reformed Broker, AKA Captain Dry Bulk, here with today’s Market Recap… Quiet day on The Street today overall, but the China-related stuff was on fire. Aluminum, Building Materials and Steel names were all up nicely as of mid-day, but the show-stopper was the shipping sector in light of the DryShips (DRYS) earnings beat….
TGIF Market Recap: Impossible Rally Continues
[youtube=http://www.youtube.com/watch?v=2YFkcwtpGZo] The Reformed Broker, AKA Colonel Mustard, here with today’s Market Recap… Ford beat their numbers today, the sun was shining here in Manhattan, ummmm I don’t know. I’m trying to come up with reasons for why the Dow was up triple digits all day, but I guess sometimes, there are no answers. Shortie spent…
TGIF Market Recap: 6th Straight Winning Week, Now Its On!
The Reformed Broker, AKA Sir Ticks-a-Lot, here with today’s Market Recap… OK, listen up! I want to see all the sectors who went up this week take one step forward…Not so fast Metals and Miners! The 2:30 Look: Worst Performing Industries % Change Silver -4.67% Gold -3.47% Jigginess is in the air this Spring, whether…
TGIF: Long Weekend – Remember the Name
Those of us who work on Wall Street or in the Post Office are currently in the midst of a blissful and well-deserved long weekend. Your favorite financial blogger always worries about being forgotten. In that spirit, I’ll leave you with Mike Shinoda (of Linkin Park) and his side project Fort Minor with “Remember The…
TGIF: 8.5% Unemployment…Here's the Anthem
In honor of another horrific Non-Farm Payroll number, here is the ultimate anthem for the unemployed, George Thorogood & The Destroyers with a live version of “One Bourbon, One Scotch and One Beer“. Take it away, George… [youtube=http://www.youtube.com/watch?v=kgxhLJKMDsc] From the Bureau of Labor Statistics: Nonfarm payroll employment continued to decline sharply in March (-663,000), and…
TGIF: Mexico Edition
This is one of my favorite instrumental songs and because I’m in Mexico this week, I finally have an excuse to show off this kickass video from 1967. I’ll be back to my regular posting schedule next week, but for now, here is The Lonely Bull (El Toro Solo) by Herb Alpert & The Tijuana…
TGIF: Definition
This week was all about Definition. Defining what contracts really allow for was at the center of the debate over the AIG bonuses. Congress did the right thing and defined its power by approving a 90% tax on the bonus money, essentially negating the BS contracts anyway. I also tweaked the definitions of certain finance terms the…
TGIF: What a Difference a Week Makes!
In the TGIF space last Friday, I posted a clip of R.E.M. doing “It’s The End Of The World As We Know It” as the Dow plunged below 6500 (seen here). This week, the Dow has ripped about 11% as of this writing and although nothing in the ecconomy has gotten better, a few days…
