Monday, March 28, 2011

Okay Kids, Fun's Over: "Goldman Q1 GDP Imminent Downgrade Warning Gets Louder: 'Significant Downside Risk To Our Q1 GDP Estimate Of +3.5% "' (GS)

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When I saw the story last week I thought "Goldman doesn't have much to gain by being so public about the call". Now, with the...

NYC Illegal Sports Books Praise Decision to Close Off-Track -Betting

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From the New York Post a lesson in ecological niche-filling: Jubilant bookies say that business has tripled since the city's OTB par...

The Porn Shop Operators Strike Again: Harry & David files for bankruptcy

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``You can sell it to Berkshire, and we'll put it in the Metropolitan Museum; it'll have a wing all by itself; it'll be there for...
Sunday, March 27, 2011

"Is It a New Tech Bubble? Let’s See if It Pops"

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Yes friends I'm on the bubble-beat. You can see bubbles anywhere you look. Wool, farmland (mind the mess) stories about bubbles, the...

"Venezuela’s energy minister says oil company has no ties to Connecticut hedge fund manager"

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  From Foreign Policy via the Washington Post: Venezuela’s energy minister said Sunday the country’s state-run oil company no longer has ti...

"Five Reasons for the World to Care About China’s New Five-Year Program -- Full Text"

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From Accenture: Many multinationals’ CEOs are under increasing pressure to demonstrate that they can tap the abundant opportunities in Chi...

"Nathan Myhrvold’s Lobbying Efforts Lead to . . . a Strange Lawsuit."

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We've been chronicling Mr. Myhrvold for a while now, links below. From the Wall Street Journal's Law blog: How’s this: A lawsuit t...
Saturday, March 26, 2011

Kim Jong Il Pledges to Reprise Last Year's Earth Hour Success

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But being a good host he will again be leaving a light on at the palace. (Dear Leader can also score you a good deal on carbon offsets a...

"James Franco and Anne Hathaway to Replace Katie Couric on the CBS Evening News": Berkshire to $200,000/share (BRK.A)

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From the HuffPo: CBS just announced that actors James Franco and Anne Hathaway will be replacing Katie Couric as anchor of the CBS Evening ...

the next Big Trade (GLD)

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From Market Anthropology: At some point in the near future, the next BIG trade will likely come from a leveraged short position of the prec...

S&P Sector Performance During the February-March Pullback and the Recent Rally

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A smart way to present a lot of information in a simple scattergraph. From Bespoke Investment Group: ...Below is a scatter chart showing ...

"The Sunk Cost Fallacy"

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From You are not so Smart: The Misconception: You make rational decisions based on the future value of objects, investments and experience...

The Nuclear Breakthrough that Wasn't (General Electric and the Selling of Nukes) GE

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From the Atlantic: In the rush to commercialize nuclear power, proponents may have hampered its long-term prospects by settling on an appr...

Lines on Charts: With Earnings Coming Mosaic Bumps Up Against Multiple Moving Averages (MOS)

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On Friday the stock closed at $78.82, up $1.27 for the day. The stock is running into the following simple moving averages: 20-day $79.45...

"Cree: Is It Lights Out for the LED Bellwether?" (CREE)

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When stocks get broken the way CREE was they aren't repaired in a day. Or a month. The concern now is that the overall market may be in...
Friday, March 25, 2011

Treasure: "The history of US finance in one very, very long chart"

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I was almost tempted to put the symbols of the first twelve stocks in Charlie Dow's average in the headline but what with all the merger...

Where's the Volatility? (it's in the volatility index) "Second Biggest Weekly VIX Drop In History" (VXX)

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It's a second derivitive type of thing. From ZeroHedge: With the VIX closing the day and the week at approximately a 17.70 level, it ...

"G.E. Getting Off Tax Free"

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Yesterday we posted "Google Questioned by SEC Over Earnings in Low-Tax Countries" As General Electric Reacts to Hurtful Comments...

Deconstructing the San Francisco Fed’s Commodities vs Global Demand Chart.

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A very classy bit of journalism from FT Alphaville: When I first saw the chart my reaction was almost opposite what the FRBSF authors inten...

Inflation Adjusted House Prices Appear to Match Long Term Inflation

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I am quickly becoming fond of Visualizing Economics . If I recall correctly, U.S. house prices beat the CPI by around 1% per annum over the...