Doin' It Bloggystyle: Random Heroes to the Rescue
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
"Holy Balco, Roger"
"Time to hop in the batmobile and get to NYC before the rush hour traffic on the Deegan piles up. There's an AL East in jeopardy!" Meanwhile back in Gotham City, It's a Stock Pickers Market!
- Jim Kingsland on VA Linux.
- Some momentum divergence in SHLD notes Afraid to Trade.
- Guess? (GES) What Downtown Trader is looking at.
- Trader-X goes over managing a watchlist.
Or Maybe It's Just a Market
- Wall St. Warrior with the Nazz Technical Picture.
- Volatility indices closer to a market buy than sell, notes The Shark Report.
- Dr. Brett on catching short term market transitions.
- As an aside, what's a Guru to do when the market approaches target prices? Raise the targets.
Reduce Payroll and Play Some Kids?
That's so April. Roger Clemens, the baseball version of that burrito dinner where the aftertaste never goes away, is coming back to the Bronx.
- Does it make financial sense for the Yankees? Darren Rovell runs the attendence and TV numbers and says not.
- But I would argue a better way to look at it is in Wins Added, and what those wins cost.
- The average baseball team pays about $2 million per marginal win added. In other words if you sign a guy for $1.5 million and over the course of a season, his presence amounts to one more win than the guy(s) he replaces, you got a good deal.
- A ridiculously optimistic estimate is that Clemens goes 150 innings at a 3.00 ERA. Assuming those 150 innings come from guys who would allow 5 runs per 9 IP, and he saves the Yankees 35 runs or so. Every 10 runs is an extra team win, so that's 3.5 extra W's.
- That comes out to about $5 million per win. High yes, but this is the Yankees. If you told them they pick up a guy making $10 million and he would give them 1 extra win, they would do it. So this is a no-brainer.
- On the other hand, those 3.5 extra wins aren't going to mean anything in the long run, they were going to be at least a wild card anyway (90 wins is going to get there in the AL this year IMHO). And who's to say 45 year old Roger with 150 innings behind him is a better playoff option than whoever gets bumped?
- OK, enough theoretical stat geek drivel. They play actual games on the field. Believe it or not, the Yankees are 10-6 in games started by pitchers other than the 4 good ones. Are they going to do that much better in games Clemens starts?
I'll Have What She's Having
OK, that whole Clemens surprise announcement was well executed. Enough so for Yankee radio announcer Suzyn Waldman to have an "I'll Have What She's Having" moment on air. But they could have done it WAY better. How so?
- Had him run out to the mound wearing a Darrell Rasner mask, then dramatically rip it off and reveal his true superhero identity.
- Parachute him in and have him land on the pitchers mound
- Have Torre go to the mound to change pitchers and have a thick cloud of smoke suddently appear, and then when it clears, Roger is there in full uniform.
- Have him sing the "Star Spangled Banner" in the 7th inning stretch dressed as Enrico Pallazo.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter