I’m not saying these hypothetical headlines are likely, but I also wouldn’t fall out of my chair if one of ’em popped up in some variation or another. “JPMorgan’s Dimon Jealous Of AIG And Citi, Wants Back In To The TARP” “Four Hundred Percent Of All Homeowners Underwater On Two Hundred Fifty Percent Of Their…
August 2009
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…
Hot Links: Facebook's Ticker, HP's Earnings & Coke's Milk
Stuff I’m Reading this Morning… Way overdue: Howard Lindzon decides to assign stock ticker symbols to Twitter and Facebook. (HowardLindzon) Hey anarchists, the US government is starting to turn a profit on the chaos loans. (NYT) Mutual Funds blowing out shares of consumer spending plays, retailers etc. (Bloomberg) Pretty provocative stuff for Newsweek: Is The…
FDIC IOU's? Not Quite Yet…
If you lost track of what’s happening with the FDIC, one of the few competent bank-related regulatory institutions we have left, they’ve overseen the failure of about 84 banks so far in 2009. The FDIC had a fund to insure these banks’ depositors of about $53 billion a year ago, which had dropped to only…
The Yuppie Bounce
Go try to find an interview with virtually any sell-side analyst or money manager either in print or on financial television from this past February. Most told you to be completely out of stocks, understandably. The ones who did have the courage lack of choice and had to be recommending stocks in the media were…
More Hot Links: Booms, Busts & Viking Treasure
More Hot Links for Weekend Reading… Trader Mark takes us back to what he was saying/ doing the week the market bottomed. (FundMyMutualFund) Unemployed in their 40’s and 50’s. (NYT) Big mistake: commercial fisherman who literally s%$& where they eat. (True/Slant) Killer chart: Rise and fall of the US Dollar, 1800 to 2009. (ZeroHedge) Robert…
Obama's Ted Kennedy Eulogy
Full Transcript: President Obama’s Senator Kennedy Eulogy (TPM) Props to Wordle
Wall Street's Recovery vs Main Street's
via TIME
Roundtrip: Housing's Back to Square One
Was it fun for you? It’s been an amazing 8 year period for housing. Floyd Norris shows us how eerily similar the rise and fall of home prices and inflation have been: From the New York Times: During the period, the Standard & Poor’s Case-Shiller 20-city composite index of home prices rose almost 21 percent….
Hot Links: Where The Wild Things Are
Hot Links for Weekend Reading… Johnny Debacle congratulates Bernanke on his 2nd term appointment. (LongOrShortCap) The top broker/dealers of 2009 are announced. (InvestmentAdvisor) Tyler has an idea: How about the SEC investigates why a bankrupt company (AIG) has become a proxy for the stock market. (ZeroHedge) Like inspirational quotes? I do. Here’s a great list…
