Source: CNN/Money
Currency and Pre-announcements and Oil – Oh My!
An unholy trinity of negatives is weighing on equities: From the G7 meeting, we got weak dollar to start off the week; Pre-announcements...
Iraq’s 6 Month Anniversary
Nobody even mentioned it: Today was the 6 month anniversary of the Invasion of Iraq. I have to reread my magnum opus, Not-So-Hidden...
The Napster Cooption Business Model
As promised, here is one of my entries for The Great Recording Industry Business Model Contest. I’ve given this a lot of long hard...
NYS Comptroller Piles On
NY State Comptroller Alan Hevesi jumps on the pile, calling for Grasso’s resignation. When it rains it pours . . .
Calpers Chief Calls for Grasso’s Head
I love Jim Murphy. He’s this crusty Dow Jones writer who does a 5:15am cameo on CNBC every morning (he looks like Hemingway would...
Clark Enters Presidential Race
Its official . . . Dow Jones News Wires is reporting that Wesley Clark will enter the US Presidential Race; This has major implications...
Grasso’s Comp: Not Illegal, Just Bad Judgment
Previously in this space, I discussed how, in the parlance of traders, the NYSE top ticked Grasso’s pay package. I suspect that the...
The Coming Job Boom (NOT)
“Forget those grim unemployment numbers. Demographic forces are about to put a squeeze on the labor supply that will make it feel...
September 11
I decided not to address the issue of 9/11 in today’s Market Commentary. Several of you have asked why, and in brief, I have...