SubscribeMarketMash: April Fool’s Week
April 6, 2008
A week full of fun and adventure in the stock market. Fun stories, rants and other observations that you may find of interest.
David Gaffen over at the WSJ was somewhat blah about Fitch cutting the rating on MBIA (MBI). DAVE: It could be worse, they could have raised them to a AAA++++! :-) The WSJ MarketBeat Blog also showed us how the markets just do not have a flavor for Bernanke’s Voice..or at least the words that comes with the voice.
Timothy “Tim” Sykes is determined to show us his frustration with most of the financial world and gives a few interesting observations.
The recent Lehman (LEH) preferred offering is, at best, suspect. You gotta love these financials! Mish blogs about the April Fools of the deal.
Motorola (MOT) is cutting jobs, losing money and is just a pathetic excuse for what once was a leading tech company. Will some one put them out of their misery already! (I feel better now).
Then we hear that Microsoft (MSFT) and Yahoo (YHOO) are not playing well together. Now Microsoft is setting a deadline and they are threatening to walk away. I just do not think the Jerry Yang really cares guys!
Want to learn about a Prostate Biopsy? Herb Greenberg takes us behind the scenes of his recent doctors visit. As my son would say: “That is a little more than I need to know.”
You just have to love the Clinton’s; They really know how to make the bacon. $109 million in earnings since 2000. Not bad.
The end of free Wifi is the topic of this year’s April Fool’s prank by John Dvorak. It is a prank right, John?
The money came pouring in from an secret admirer for Dendreon (DNDN). Huckman gives us the skinny.
My book, The Disciplined Investor, is on a special sale at Amazon. 32% off! Get it while you can at this price…
MarketMASH - March 29, 2008
March 29, 2008
Brett Steenbarger of Traderfeed comments on one of the biggest problems for traders: Denial. “One particularly uncomfortable truth for traders is that their lack of profits is simply due to trading randomness. It’s not a lack of discipline, a lack of trade planning, or a lack of tweaking the right indicators that create losses–all of those are relatively easy to address. No, losses are caused by trading strategies that simply do not work, and that’s not so easily remedied.”
Stockmasters on Starbucks (SBUX) and their new idea to transform the company into a profitable company with global dominance. Wait…uhhmmmmm…..is that de ja vu all over again?
My friend Brian, the video charting ace is underimpressed with Discover Financial (DFS). Take a look at the chart and you also may say….eeegaddds too!
Apple iPhone 3G anyone? Reports and rumors are circulating around that the plan is set. OMG! What I would do for 3G! I need 3G! I have to have 3G! :-)
One another note… Have you ever listened to Indie Rock? I just can’t get enough of it. You really need to check it out. Relaxing and invigorating at the same time. (listen in iTunes) - Tell me if you like it…
As I was researching Capital One Financial (COF) this week, I came across a great site that tracks insider trading - InsiderCow.com - Find out who is milking the company and which stocks are moooo-ving because of it. Nice work fellas!
Herb Greenberg is calling out Cramer on his uptick rule discussion and it is causing a comment frenzy. To be sure, the uptick rule is a joke. Short sellers are part of the market, not the problem. You got to love the ignorance when it comes to shorting stocks.
Mike Arrington, editor of the popular TechCrunch wrote an interesting article about his bulging email inbox. (To put this in perspective; I hear that it is so massive that Silicon Alley girls sometimes swoon when they see it.) There was a story within the article that discussed a recent conversation he and I had. Somehow he omitted my name and forgot to provide a link back to my site. But, the good news is that he agreed to be a guest on the Podcast….The bad news is that he wrote me 10 minutes later and canceled when he found out that I would not allow “foul language” on the show. Mike, I hope you reconsider. I am sure you will be @^#%$ awesome. Link to his post HERE.
In what is probably going to shape up to be the scariest stories of next week, UBS has come out with a statement on their new policy for auction-rate securities. You know, those were the ones that were sold as money market alternatives for investors looking for a safe place to park money while earning an above average yield. Now, as liquidity is non-existent, they will mark-to-market, reducing principal value 5%-20%. That is really going to piss-off a whole lot of investors!
Thanks to Analytical Wealth for this funny….
MarketMash: March 14, 2008
March 15, 2008
Brian Shannon of AlphaTrends did a great job wrapping the day up with a superb view of the the markets. You gotta love Brian’s way of explaining technical analysis. His videos get an A+.
The Big Picture did a blogging marathon throughout the day Friday as the Bear story unfolded. Like a virtual chat room, filled with minute by minute info, Barry captured the hysteria of the day with 45+entires from 9:38 am to 2:15 pm. He must have passed out at 2:30 pm when the timely news was released that S&P cut Bear’s rating. Well done S&P, thanks for the update!
A great commentary was presented by Bill Cara. One of the best lines I have seen that shows a simple solution for investors: “The only control the people have is to pull their capital out of this phony market (directly and through their pension plans) and let the liquidity crisis take the whole system down.”
In an odd way, Timothy Sykes makes a good point about how hype can drive stock prices. How does his Facebook chat with Spitzer’s girl Ashley Alexandra Dupre and market manipulation teach about investing? Let him explain, way too much for me to contemplate.
Gal Arav, creator of Instantbull.com has another winner. Newsflashr is an amazingly fast news gathering system. This is a great tool to keep you on top of the hottest news bubbling to the surface. Check it out you will be hooked.
Good news! The greed is tempered by gifts to charity at Blackstone. Thank goodness for that. I would do the same. How would I spend $350,000,000 anyway? The team at Footnoted.org is reading the fine print for us Type-A’s. Thanks guys/gals!
Old chum Howard Lindzon visits Florida, forgets to call and then pisses all over my home state. Nice to read such an interesting summary of your vacation. THANKS! I think you should check out Kabul next time…the forecast is for plenty of sun. I am sure the Kabul Tourist Bureau will provide a welcome that you find more to your liking. :-)
Brett over at TraderFeed has a good idea. KEEP A TRADING JOURNAL.
Herb Greenberg conjurs up a Langone conspiracy against Spitzer. Possible?
CNBC - Conflict Never Bothers Charlie. What a week it was for Charlie Gasparino. He was fighting with everyone it seems.
Timing is everything: on March 13, Felix Salmon wonders why Bear Stearns has a book value below its peers. HUH? Seriously? Felix, did you really ask that?
Stocks/Indicies: (SPY) (DJIA) (BSC)
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