Archive for March, 2008

  • "Mama – just killed my fund"
    , March 19th, 2008 at 4:57 pm

    Sung to the tune of ‘Bohemian Rhapsody‘ by Queen Is this the real price? Is this just fantasy? Financial landslide No escape from reality Open [...]

  • “Mama – just killed my fund”
    , March 19th, 2008 at 4:57 pm

    Sung to the tune of ‘Bohemian Rhapsody‘ by Queen Is this the real price? Is this just fantasy? Financial landslide No escape from reality Open [...]

  • The Three-Month T-Bill Now Yields 0.5%
    , March 19th, 2008 at 2:29 pm

    I don’t know what to say. If you invest one million dollars, that works out to a yearly gain of $5,000. The government can now [...]

  • A Couple of Bookies
    , March 19th, 2008 at 1:06 pm

    In the movie Trading Places, the Duke brothers explain to Eddie Murphy the essence of their investment business. Murphy shoots back, “You two sound like [...]

  • Up In Smoke
    , March 19th, 2008 at 11:40 am

    WSJ, November 1, 2007 Attendees say Mr. Cayne has sometimes smoked marijuana at the end of the day during bridge tournaments. He also has used [...]

  • Re: "Bear Stearns is fine."
    , March 19th, 2008 at 8:20 am

    There’s some controversy surrounding Jim Cramer’s “Bear Stearns is fine” comment from last Tuesday. Cramer has said that he was referring to Bear Stearns as [...]

  • Re: “Bear Stearns is fine.”
    , March 19th, 2008 at 8:20 am

    There’s some controversy surrounding Jim Cramer’s “Bear Stearns is fine” comment from last Tuesday. Cramer has said that he was referring to Bear Stearns as [...]

  • Raise the Price
    , March 19th, 2008 at 8:08 am

    I really don’t see how Bear shareholders will approve the $2 deal. Apparently, I’m not alone. The stock is currently at $6 and it went [...]

  • Has Bill Miller Lost His Magic
    , March 19th, 2008 at 7:42 am

    Legg Mason Value Trust (LMVTX) has badly lagged the market since the beginning of 2006. It has only gotten worse recently.

  • Today Compared with March 11
    , March 18th, 2008 at 10:25 pm

    The S&P 500 had another great day today. Today’s rally was more broad-based than the rally from last week. Here’s a look at how the [...]

  • Ftizgerald Was Wrong
    , March 18th, 2008 at 4:56 pm

    There are second acts in American lives. Joe Weisenthal writes: Google’s New Banking Partner? Qatalyst. Release. “The launch of Qatalyst is an important development for [...]

  • The Best Day in Five Years
    , March 18th, 2008 at 4:29 pm

    Remember how I said that last Tuesday was the best day in five years. Well, I’ve changed my mind. I meant to say that this [...]

  • "Open the Kimono"
    , March 18th, 2008 at 4:17 pm

    Wow! I just heard Lehman’s CFO, Erin Callan, use the phrase “open the kimono” in a CNBC interview with Maria Bartiromo. By my math, that’s [...]

  • “Open the Kimono”
    , March 18th, 2008 at 4:17 pm

    Wow! I just heard Lehman’s CFO, Erin Callan, use the phrase “open the kimono” in a CNBC interview with Maria Bartiromo. By my math, that’s [...]

  • The Fed Cuts By 0.75%
    , March 18th, 2008 at 2:19 pm

    The Fed Funds rate is now down to 2.25%. Here’s the statement: The Federal Open Market Committee decided today to lower its target for the [...]

  • FactSet Research Systems
    , March 18th, 2008 at 2:07 pm

    The popular belief seems to be that FactSet (FDS) is somehow a proxy for bad news in money management. The company’s results, however, continue to [...]

  • The Pro Bailout Case
    , March 18th, 2008 at 11:34 am

    In Slate, Elizabeth Spiers argues in favor of the Bear bailout: The alternative would have been to let Bear slide into a Chapter 11 bankruptcy, [...]

  • Inside the Demise of Bear Stearns
    , March 18th, 2008 at 10:06 am

    The Wall Street Journal has an excellent recap of the crisis that led to JPMorgan’s purchase of Bear Stearns. As this story initially broke, you [...]

  • "Bear Stearns is fine."
    , March 17th, 2008 at 8:19 pm

    From last Tuesday….

  • “Bear Stearns is fine.”
    , March 17th, 2008 at 8:19 pm

    From last Tuesday….