Archive - Jun 2, 2010 - Blog entry

Bottom-line: You can read all the bears in the world, focus on events in Europe (which are bullish long-term, but nobody bothers to mention this), focus on the BP disaster, focus on every piece of negative data in the world, but the reality is that the US economic recovery is picking up steam. Expect a monster jobs report this Friday, and it's not just a one-off from Census hiring!

A new study shows that anyone with a smattering of economics is more likely to be a Republican than a Democrat. That's not saying much, but it does show that Democrats are more likely to be ignorant of economics.

If you think Don King and "The Donald" have seen some nasty haircuts, wait until you get a load of what's coming down the pike for Portuguese bondholders! I even put a little something in the comments section for all you goldbugs that is bound to cause you to get one of these fashionable 'fros...

Futures charts + some music + open thread

After the dotcom bust of 2000, these bad boys spent nearly a decade in the penalty box. During this time, cash balances doubled, free cash flows soared, outstanding shares shrank, and multiples fell to a tenth of their bubblicious peaks. The 13 month tech rally we saw from the 2009 lows could just be the down payment of a decade long bull market in these stocks. (INTC), (CSCO), (JNPR), (JDSU), (SNDK), (MU), (ORCL), XLK), (QQQQ), (ROM).

BlackRock continues to churn Maiden Lane LLC into its second anniversary, which turns out to be an important date. If it can mark to model the portfolio high enough, JPM could get cashed out ahead of Uncle Sam.

A popular definition of insanity is doing the same thing and expecting different results. Is the solution as simple as changing our methods or does insanity beget more insanity? This 5 part series is an examination of our collective and individual insanity. Hop aboard the crazy train express and let’s see if there’s a way out.