Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Freaky Friday Potpourri: Nucking Futz!


Sometimes you're the windshield, sometimes you're the bug.

As such, and as I've got a lot going on in my crowded keppe, allow me to funnel my thoughts through in a random manner:

  • Chatter swirled yesterday that foreign central banks cried Uncle Sam and redirected capital to the fixed income markets-you saw the long bond up 7 ½ points, right?

  • I made the conscious decision to carry my risk overnight. That's a shift in my stylistic approach (hit it to quit it) but, after hoarding cash for quite some time, I was (cough, wheeze, biting lip) comfortable with that. Famous last words, right?

  • A Ship With No Captain? Hammering Hank stepped on stage yesterday and left without sharing "something seismic." In fact, the meat of his speech was somewhat shifty, saying it's "naive" to believe the Lehman Brothers failure caused a deeper crisis.

  • Further to that, he punted Fannie (FNM) and Freddie (FRE) into the lap of the next administration, saying their fate is in Obama's hands, while assuring investors that regulators have the tools necessary to maintain stability.

  • Whew, and we were worried...

  • Perhaps the most ironic element of this whole mess is that Warren Specter, Stan O'Neal and Chuck Price sold their holdings higher and netted hundreds of millions of dollars before their respective firms collapsed.

  • We asked in early October whether the proposed Citigroup-Wachovia (WB) deal was in fact an FDIC bailout of the former rather than a rescue of the latter. When Wells Fargo (WFC) wrestled away control, we wondered if Citigroup was still circled as a survivor. It seemed far-fetched at the time but not anymore.

  • Meow Mix? This is both adorable and very disturbing.

  • Minyan Emmanuelle (aka Minyan Sloan) is asking ye faithful to help Raise Hope For Congo by signing a petition to the President. You never know what type of ripples a positive pebble in the pond can create so I'm only too happy to pass it along.

  • Sur-prise, sur-prise, sur-prise! You can learn a lot just by watching and along those lines, Wal-Mart (WMT), Target (TGT) and Sears (SHLD) were giggled green in yesterday's late day Art Carnage.

  • Wear sunscreen and read this when you can.

  • I don't know about y'all but I, for one, could use a break from this shake. I'll be scooting to Baltimore Wednesday for some turkey time as a start. There's something about the laughter of little kids that takes the edge off reality.

  • Was Carly Simon a narcissist?

  • Remember in 2006 when we said that our biggest concern was that we were at all-time highs but nobody felt like we were at all-time highs as we juggled concentric bubbles?

  • This is the other side of that trade, when we're swimming in the abyss and nobody feels like it'll ever get better. Make no mistake-this will take time and it will take work-but to get through this, we needed to go through this. That will fall on many deaf ears but we, the Minyans, need to remember that. Sometimes, perspective is all we have to sustain us.
Position in SHLD
Featured Videos