Taking a Load Off the Year-End Books
Is it a good thing that the Fed is thinking outside the box regarding the credit crisis?
Hello from New York, where I'm even more done with the year than I was yesterday at this time. I've lightened my long book into this morning's rip and have moved onto pondering ways my buddy Gaston Najarian and I can get CNBC to pay for us to go to National Treasure: Book of Secrets next week. "Wolf and the Pit Boss Go to the Movies"? Works for me! Here's what I'm watching beyond "so bad it's good" movies:
- Interesting downgrades this morning. Airlines? Citigroup (C)? I wouldn't touch either of them with my biggest enemy's long book but doesn't it seem a little late to short Citi with a 13 month time frame?
- I view it as a good thing that the Fed is thinking outside the box regarding the credit crisis. I'd regard it as a better thing if the Fed wouldn't jam the markets every few months. I'd view it as the best of all things (meaning: "most bullish") if the Fed didn't have to say much of anything at all.
- The best selling game system of 2007? The Nintendo (NTDOY) DS at 6 mln units. Owning the top slot in handhelds and consoles, as Nintendo did this year, is why Nintendo's stock is up more than 100% ytd.
- Disney (DIS) more or less owns the Times Square area where I work every night. The ESPN Zone, a couple Broadway shows and, opening December 21, the aforementioned National Treasure sequel! I'm almost certainly biased but I didn't sell any DIS during my stock purging today and yesterday.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter