Well, what goes up must come down and we suppose what goes down must come up - unless you’re Lehman of course. For some reason - and we know why - yesterday’s market boogeyman became today’s market savior in a testament to how ridiculous this whole enterprise has become. Here’s the headline summary
WSJ’s Summer Said has (probably inadvertently) found herself in the position of the proverbial “axe” on oil prices. According to her Twitter profile she’s “a Middle East Energy and OPEC Correspondent, The Wall Street Journal. Former Reuters Correspondent and actress.” To be clear, we have our connec
Well, don’t say we didn’t warn you on Wednesday. It was all about Deutsche Bank today as the ADRs crashed to record lows on reports hedge funds are pulling funds from the bank’s prime brokerage. In other words, there’s a run on Deutsche Bank. So for once this... ...didn’t matter. No OPEC deal was go
Well, what can you say? OPEC hit everybody with a haymaker. Here’s the bullet point summary via Bloomberg: “WTI trades near $45/bbl as market focuses on meeting between OPEC ministers in Algiers. Algeria proposes 796k b/d OPEC cut at meeting.” OPEC’s strategy of pushing out high-cost competitors is
You don’t know this, but we’ve been warning about Deutsche Bank for years. We’ve got great friends (and great people) who used to work at the bank and what’s amusing is that the last time we talked to them, they assured us that the idea of the company needing a government bailout was silly. Well,
You know, we don’t want to get too political here. That’s not our job. But let’s face facts. There’s a very real chance Donald Trump wins the White House. The Democrats picked the wrong candidate. That’s not to blame them. She was the obvious candidate. Or was she? She’s become an easy target for cr
We have previously called Donald Trump a “black swan walking” and not necessarily because we disagree with his politics. It’s just that no one has any clue what he would do as president (besides try to force Mexico to pay for a wall that will never, ever be built) and the market hates uncertainty. W
With everything going on in the world, it seems somewhat surreal that the top news is the first US presidential debate and a possible Disney bid for Twitter. Frankly, we don’t understood what exactly is wrong over at Twitter. It’s the most reliable, timely news service on the planet (even if some of
Needless to say, all anyone cares about on Monday is the presidential debate which has morphed into a Super Bowl-like spectacle. It’s almost like we should have just declared a national holiday so everyone could sit around, drink beer and tailgate ahead of it. But alas, money never sleeps as they sa
