July 15, 2008
Hedge fund manager -- and Fannie Mae short-seller -- Bill Ackman's presentation on "saving" wildly wayward mortgage finance company Fannie Mae. | View | Upload your own...
Great stat from the good folks at Bespoke today: Looking at the [$5-billion] market cap requirement [for S&P 500 membership], there are currently 126 companies (25.2% of the index) in the S&P 500 which would not be large enough to...
Today's news that SEC Chair Chris Cox is trying to create a kinder stock market by announcing a rule that already exists -- you must pre-borrow stock before you can short it -- reminded me of something straight out of...
Today's pick for bad financial jargon is the expression "terminal wealth". It sounds, of course, like what happens to some rich guy who gets nailed by a bus: You were wealthy, but now you've been terminated. Instead, however, it refers...
Just 'cause I know most readers of this site can't bear Congressional testimony any more than I can, here is a tag cloud of Ben Bernanke's closely-watched speech this morning on monetary policy. authority bank board commodities conditions consumer continue...
My friend Doug Kass at RealMoney has an interesting catch today: A Buy Signal? 7/15/2008 9:11 AM EDT Short seller David Tice (Prudent Bear Fund and Behind the Numbers) is selling his firm to Federated Investors. If you are looking...
Just so folks know, I'm heading out on holidays for almost two weeks starting tomorrow. While I may show up here now and then, I'm going to try really hard not to. I'm also going to try to stay off...
I had someone recently tell me that they were seeing more and Google people exiting the company after shorter periods of time. Assuming that's true, and it is anecdotal empiricism, has it gotten that much worse to work at Google,...
Last week was the sixth consecutive week during which the U.S. market declined. The longest consecutive-week decline in U.S. history was 8 weeks, which has happened twice, as has a 7-week decline. Anyone care to guess when we had the...
By my calculation, the two largest U.S. banks, Citi and Bank of America, have over the last year lost roughly as much in market capitalization as is the current value of the other six U.S. banks combined. To be specific,...
