The rally that wasn’t
Jim Cramer called the end of days . He’s widely considered such a dope that whenever he says something peoples’ first reaction is to fade his advice .
The Federal Reserve is now letting non-financial enterprises step up to the trough . I give credit where credit is due around here - Nouriel Roubini called this one last week on the RiskMetrics webcast .
More credit: Henry Blodget and Company have been saying web advertising would take a hit, and they’ve been saying it for a while. You can continue to question the thought , but while you’re pondering Facebook’s COO says the web needs a new business model (albeit late ), and VCs are still trying to sell free . Results from the second half of this year will certainly shed some light on the subject, but I wouldn’t bet against the Alley Insider right now.
The rich are hurting too, and “the rich” includes institutional investors like pen...
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Real estate related quote of the dayFrom: feeds.feedburner.com
Post Date: 2008-04-09 08:30:35
Barry Ritholtz of The Big Picture, on the National Association of Realtors…
My apologies for lumping in the Realtor’s group with drug abusers. In doing so, I meant no insult to the crackheads of the world…
Heh.
Tagged: National Association of Realtors
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Why I didn’t die from blogging this last SundayFrom: feeds.feedburner.com
Post Date: 2008-04-07 09:59:49
I was shooting for a leg amputation instead
The New York Times called for the death of blogging, or maybe that’s death from it. No need to link to it - the echo chamber takes care of all your referencing needs .
While folks throughout the world were keeling over on their keyboards, I was out on a river Sunday. We had sun for about ten seconds, and snow flurries for the other seven hours. The water’s edge was icy, and the water itself was roughly one degree warmer. I made th...
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Financial media just mixed upFrom: feeds.feedburner.com
Post Date: 2008-04-01 13:25:08
Does anyone see confusion between the leading story and those following?
Compliments of Yahoo! Finance
Tagged: financial media
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Internet Hoax Gooses Stock Market? You decide.From: feeds.feedburner.com
Post Date: 2008-04-01 09:36:26
Paul Kedrosky says Barry Ritholtz is a perma-bear . Mr. Ritholtz’s latest claim, that a short fund manager’s April Fools Day memo caused today’s market rally might lend credence to the claim, but I am not buying it.
One need look no further than the links Mr. Ritholtz points to in his post. Each and every piece of cheerleading which referenced “the memo” has now been wiped clean, meaning the so-called journalists have tacitly admitted to being hoodwinked.
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