The Cody Word
  • August 21, 2008 02:38 PM EDT by Cody Willard

    Who Wants to Market to Panicked Wall Streeters?

    Today's sign that the investment banking and hedge fund worlds are in full secular decline -- you think they'd be blasting people like me with emails like this a week before the event if biz were fine? I don't:

    Currently we have three remaining options on a first come/first served basis available until August 29th:

    1. Cocktail Reception Sponsor ($20,000): Your organization is presented as the exclusive sponsor of the cocktail reception.

    2. Meal Sponsor ($15,000): Your organization is presented as the exclusive sponsor of the breakfast, the lunch, or a coffee break.

    3. Keynote Introduction Sponsor ($10,000): A senior executive from your organization introduces one of our keynote speakers (based on availability).

    Each of these options include additional benefits: 1 attendee pass, signage on the website, at the venue, and in the event program; and the list of attendees' contact details.

    Given the audience of 130-150 investment professionals from endowments, foundations, and pension funds, we feel that this could be a good opportunity for you. See below for the list of keynote speakers and a sample of confirmed attendees. If would like to reserve one of the options above, please let know by August 29.

    Woohoo, for only $20,000 I can have a banner in a hotel as 130 panicked Wall Streeters sip free Grey Goose and pretend they don't care that it's free. Wall Street has imploded before our eyes, and the cyclical decline ongoing in the economy isn't gonna help. I do expect we're headed to DJIA 12,000 before 11,000...but we're headed to a ten-handle as the valuations in the market come down on lower earnings expectations and more economic malaise continues.

Dana Swan

The stock market will follow the economy as it falls. Lets see: Wages have been rising slower than the cost of living in the USA since the '70s. Remember the US family had the spouse go to work in the '80s to make ends meet, then, in the 2000's the US family used debt to make up for lost income. Note: The working class uses debt to buy things. But, the wealthy use debt to buy assets that make cash. Assets and cash are pooling with wealthy and debt is pooling with the working class. And the economy is locking up with the debt drying up from troubled lending instutions.....

August 21, 2008 at 11:16 pm

Justin

The nationalization of the GSE's will bring the rally back. For how long I don't know. Geopolitical strife is always a wild card. Timing the market is grand and all if you can do it, but if you want to play it safe, just short the market where it's at now and don't try to play for this rally. We're going so much lower as the great deleveraging of 2008 continues before we go into a state of global mega inflation. Negative real interest rates. Hard assets and commodities. Trade your paper for real goods, services, and products. Holding US pesos and any long term bonds is suicide. Inflation will destroy the real purchasing power of the money you have.

August 21, 2008 at 3:09 pm

Michael H

The economy has been artifically propted up by the government for quite a while. It seems it is trying to correct itself now. The government can't keep equilibrium at bay forever.

August 21, 2008 at 2:55 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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