Happy Hour

1. Bill Gross’ Gross Bill 2. 6000 Points Down… 3. Not Hank’s Kinda Big Brother 1. I heard Bill Gross say today, ““World not prepared for secular delivering, either financial markets or global economy.”  I thought this guy said that if you’d said him and his richest banker friends trillions of taxdollars that we’d all be okay.  Guess they just wanted the money after ... read more

You can't be in this city this week and not feel the pain. Nerves are frayed everywhere you go. In the last few weeks, after hundreds of years of collective business and trillions of dollars in collective earnings, Lehman disappeared and Merrill disappeared and Bear Stearns disappeared. The guy at the bodega feels it too though. The secretaries here at Fox feel it. Legal assistants at the ... read more

1. Paulson, the Arbiter of Survival 2. Commercial Banks Next? 3. Calling All Moms 1. Paulson, a guy who made hundreds of millions of dollars at Goldman Sachs (which he sold tax free of course), and who has sent several hundred billion dollars of mine to his cronies on Wall Street so far, apparently is the arbiter of financial life and death in this country now as he and Bernanke say ... read more

1. $2 Billion Humpty 2. Republican/Democrat Commies? 3. 9/11 Desiderata 1. But I thought everyone promised me that if we’d just give Bear Steans’ shareholders $2 billion in taxpayer money, that it’d stop the crisis. Try, try as they might, nothing but time and price will stop this still ongoing crisis. 2. Read headline today: “Medvedev Says Russia Must Pump More Money ... read more

You guys see me freak out about the nationalization of our mortgage industry on Happy Hour last night? I'm not okay with the nationalization of Freddie and Fannie and I'm serious that I'm scared about the US economy's vitality for the first time ever in my life. Lots of people tell us that the government had to step in and save these homeowners and their creditors because the "crisis in ... read more

I'm watching Monday Night Football as I wind down my day here and that's got me thinking about perspective on how the Colts, its owners and the people like Peyton Manning who they pay millions of dollars to are ripping off the taxpayers in Indianapolis.  I mentioned this in my Big 3 on Friday and we covered this again on Happy Hour today. The Colts and their stadium are being paid for with ... read more

1. Remember This Paulson Lie? 2. Political Home “Ownership” 3. Apple Trade Time Again 1. Here’s a quote from Hank Paulson: “"I come here as an individual who believes passionately in the strength of our free market system -- a system that generates growth, creates jobs, rewards initiative and fosters innovation like no other in history…. And so, I see this as an opportunity ... read more

Here’s what I was looking back at in the back of my own mind today: 1. Capital Destruction 2. Jedi Master Trade 3. Let Peyton Pay for It 1. People keep asking where the money from stocks, gold, oil, and what not keeps going. I think people are missing the point – when virtuous cycles of capital creation turn to vicious cycles of capital destruction…the market value of ... read more

Heres what was crashing the stocks in my head today: 1. BRIC Sucks Too 2. I Was Wrong: Losing to Win 3. Buy Their Checking Account 1. Terex was one of those global infrastructure plays that were supposed to decouple from the U.S. downturn and grow right through it from demand in China, India and so on. Stay away from the cyclicals…the cycle is OVER! 2. I’d been calling for DJIA ... read more

Here’s what was weighing on my mind’s market today: 1. China’s Crashed: So Buy 2. ChinAmericanomics 3. More Horrible News: So Buy? 1. Coke buys a Chinese juice company for billions. Perhaps a stronger dollar will result in more U.S. companies getting aggressive overseas rather than vice versa? China’s stock markets are at multiyear lows and showing nary a bounce, btw. Then ... read more