Stopped Out Longs, Possible Shorts
Dow is at 7997.28; S&P500 is at 806.58. Our cash position is back to 75%, we are still 25% long (including inverse funds). On this...
Damn Railroad
I am stuck on the LIRR, thanks to a thankfully minor train collision (fender bender). Posts may be delayed a bit . . .
Why a Reorg is Better for GM than a Bailout
I meant to get to this fantastic article on GM yesterday in the NYT by Andrew Ross Sorkin. I’ve already written the chapter on the...
CNBC: Discussing the Plunge Protection Team
click for video A look at the October producer price index, with Scott Nations, Fortress Trading; Mickey Levy, Bank of America;...
Time For Wall Street To Get Real About Bonuses
WSJ’s Dennis Berman and Evan Newmark finally agree on something: In these tough times, it was right for Wall Street executives to...
Rahm Emanuel on the Opportunities of Crisis
Rahm Emanuel, chief of staff for president-elect Barack Obama, outlines the opportunities for bipartisan reform that he says the...
Auto Bailout Faces Uphill Battle
Executives from Detroit’s big three car manufacturers will likely face a great deal of skepticism as they seek a bailout from...
Whiplash Open Thread
Another day, another rally-selloff-reversal-whipsaw-last-minute-surge/collapse/panic. And that was just the open! By the end of the day,...
GRAMMY MusicTech Summit Keynote
“There is nothing wrong with the music business, there is a problem with the CD business.” –Chuck D > My music biz...