May 2006

  • The Fed

    It’s Lonely Being Ben

    Everyone’s hating on poor Ben Bernanke these days. Kudlow says Bernanke’s lost the plot. His admission to Senator Jim Bunning of a “lapse of judgment” in the Bartiromo kerfuffle is pure process—not content. His “data-driven” approach to policy is backward looking driving through the rear view mirror. Bernanke should go back to his confirmation hearing […]

    / May 25, 2006 at 9:05 AM
  • Opening Bell

    Opening Bell: 5.25.06

    Why Wasn’t Spitzer Involved in the Milberg Weiss Investigation? (WSJ Law Blog) Now there’s a question we’d love to get an answer to. Why is it that Spitzer, with his Superman quality of being able to show up at any crime at any time, was totally absent from the investigation of class-action law firm Milberg […]

    / May 25, 2006 at 8:41 AM
  • Banks, Goldman Sachs, Merrill Lynch

    Zoellick Jumping to Merrill or Goldman?

    Both the Wall Street Journal and the Financial Times reported today that Robert Zoellick may jump from the goodship Bush Administration for a post at a Wall Street firm. He’s been spotted at Merrill and Goldman. Supposedly Zoellick is disapointed that he hasn’t been offered the job as Treasury Secretary. This makes sense. But there […]

    / May 24, 2006 at 4:30 PM
  • News

    Urban Cougar Molly Among the Traders

    A reader points us to this month’s “UrbanCougar of the Month“, which despite our daily if not hourly reading of UrbanCougar.com, we somehow missed. The UCOTM is “Molly” (left), who is described thusly: Molly shares the floor everyday with some of the most vocal cougar lovers in the land: Wall Street traders. To succeed in […]

    / May 24, 2006 at 4:26 PM
  • Biotech

    New Drug Has Investors Buzzing

    GroovyStocks has the scoop on Pfizer’s new drug. New Blockbuster Drug Approved for Pfizer (PFE) Pfizer Inc (PFE) announced today that the FDA has approved a new drug, Trythinking, which will help hedge fund managers and other investors cope with a host of maladies. One of the most common diseases among hedge fund managers is […]

    / May 24, 2006 at 4:13 PM
  • S&P

    Swing Low

    The S&P 500 headed into negative territory for the year today. Some quick reactions to recent declines from around the web. “Maybe this will act as some sort of psychological support.” [Ticker Sense] “Doh!” [Random Roger] “Combined with the deeply oversold market conditions, I think this bodes well for a strong bounce very soon.” [In […]

    / May 24, 2006 at 3:47 PM
  • Enron

    Little Trading on Enron Trial News

    This morning the jury in the trial of former Enron chiefs Ken Lay and Jeffrey Skilling deliberated for a fifth day on Wednesday asked the judge for transcripts of trial testimony. No one really knows what this means in terms of acquittal or conviction, except that it means the jury is still deliberating. Shares of […]

    / May 24, 2006 at 3:29 PM
  • Apollo, KKR

    If KKR Jumped Off a Bridge, Would You?: LPs Less Screwed Than Public Shareholders

    We suppose it was inevitable, but post-KKR-IPO, there’s a bit of bandwagoning, despite the fact that KKR performance has been less than stellar so far. From the WSJ: Weeks after Kohlberg Kravis Roberts & Co. raised $5 billion in a European public stock offering, Apollo Management LP is following suit, with a planned $1.5 billion […]

    / May 24, 2006 at 3:20 PM
  • immigration

    The Government Thinks You Aren’t Having Enough Babies

    William P. Kucewicz, editor of GeoInvestor.com and former Former Wall Street Journal editorial board member, argues for the immigration liberalization being pushed by President George Bush in NationalReviewOnline today. The problem is that Americans aren’t having enough babies to replace our aging population and prop up the governments burgeoning entitlement programs, according to Kucewicz. The […]

    / May 24, 2006 at 3:01 PM
  • Banks

    Takeover Targets In Banks

    DealBook provides the goods on this weekds Citigroup analyst report on banks which might be ripe for the picking by larger buyers. Inspired by the recent pickup in bank mergers, analysts at Citigroup issued a 21-page report this week handicapping which banks might be in play – and which might be the players. The banks […]

    / May 24, 2006 at 2:35 PM
  • Consultants

    Porn Market Research

    If there’s money to be made somewhere, you can be pretty sure someone standing nearby is making money selling advice on how to make money there. Apparently the porn industry is no exception and now has its own investment research firm. AdultVest.com, the first and only investment website serving the $57BN/yr adult industry, has set […]

    / May 24, 2006 at 2:20 PM
  • banking culture

    Pros and Cons of Dating Bankers

    As it turns out, investment bankers have a lot of money but are chronically short on time. The Chicago Tribune’s review of former NY Post writer Wendy Straker’s (pictured to the left) new book In Men at Work: A Job-by-Job Search for Mr. Right breaks the news. So a handsome investment banker asked you out, […]

    / May 24, 2006 at 1:57 PM
  • Economics

    Blogs of Wins

    It turns out that the authors of “Wages of Wins” have a blog! As we noted yesterday, “Wages of Wins” is the book reviewed for the New Yorker by Malcolm Gladwell. The authors claim to have derived a new algorithm for evaluating the quality of professional football and baseball players. The problem with the algorithm […]

    / May 24, 2006 at 12:16 PM
  • Vonage

    Vonage Syndicate: Screwed-er Than Thou

    Andy Kessler writes in, joining the Vonage-bashing fray, and explaining the full extent of the screwed-ness: When you use retail to price a deal, you are always asking for trouble. The syndicate dude at Citigroup lost the poker game–he stupidly tried to signal that the deal was over-subscribed, but only raised the number of shares, […]

    / May 24, 2006 at 11:47 AM
  • Vonage

    Is Vonage Screwed? Part III

    On Seeking Alpha, Venture capitalist Kevin Chou compares Vonage to Pets.Com, writing: Vonage (VG) is a horrible IPO to invest in. Avoid it like a rabid dog stumbling down your street. The company is nowhere near turning a profit, is spending crazy amounts of money on advertising (Super Bowl ads with sock puppets, anyone?), and […]

    / May 24, 2006 at 10:35 AM
  • Citicorp, Lawyers

    Smith Barney Submits to Obi Wan’s Jedi Mind Trick

    Smith Barney has agreed to pay $98 million to settle claims made by class action lawyers, including one who is almost freakishly devoted to Star Wars, on behalf of thousands of current and former brokers that they are owed overtime pay and other reimbursements. The proposed settlement is the latest and largest by securities firms […]

    / May 24, 2006 at 9:32 AM
  • Companies

    Bet Your Bottom Dollar

    Eddy Elfenbein draws attention to the Expeditors International of Washington, Inc (EXPD) 8-K which is full of what our grandmother would have called “sass.” Right from the start the filing sets the tone. 1. Is there an inherent difference in the requirements for ocean freight volumes that allows better resource utilization than when handling airfreight […]

    / May 24, 2006 at 8:45 AM
  • Opening Bell

    Opening Bell: 5.24.06

    Fed Chief Swears Off Improvising (NYT) Ben Bernanke regrets his bon mots with Maria Bartiromo and he intends to avoid loose lips from now on. But if history is any guide, this won’t be the last time he’s misunderstood. In fact, as long as the legacy of Greenspan remains intact, and the fed chief is […]

    / May 24, 2006 at 8:40 AM

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