Category: Hedge Funds
David Tepper Goes On Buying Spree, Top-Ticks Financials And Tech Stocks
Sometime around March 31 the market was soaring, and there were still those naive, clueless ones, who thought that 2012 would not be a carbon copy of 2011. Rumors of more QE were becoming quieter and quieter as the S&P was on a rampage, the economy…
Biderman And Bianco Bury Bernanke’s Bond Bull Market Backbone
Digging into the details of the Fed’s balance sheet can sometimes be a thankless task but Charles Biderman and Jim Bianco have some fascinating insights into where the real money is being hidden. The stability of the Fed’s balance sheet post-QE2,…
Guest Post: JPM Chase Chairman, Jamie Dimon, The Whale Man, And Glass-Steagall
From Nomi Prins
JPM Chase Chairman, Jamie Dimon, The Whale Man, And Glass-Steagall
It was fitting that while President Obama and his Hollywood apostles broke fundraising records at a sumptuous $40,000 per plate dinner at George Clooney’s place, wor…
Moody’s Downgrades 26 Italian Banks: Full Report
Just because it is never boring after hours:
MOODY’S DOWNGRADES ITALIAN BANKS; OUTLOOKS REMAIN NEGATIVE
EURUSD sliding… even more. But that’s ok: at some point tomorrow Europe will close and all shall be fixed, only to break shortly thereafter. And…
Deja Deja Deja Etc. As S&P 500 Closes Below 50DMA First Time Since November
It happened again. Just like the last five days in a row – post-Europe close euphoria gives way to oops-Europe-will-open-tomorrow-reality dysphoria. The S&P 500 e-mini futures (ES) closed below their 50DMA for the first since November today as it h…
Guest Post: Sex, Money and Largesse – The Hidden Depression
Submitted by Lance Robert from StreetTalk Advisors
Sex, Money and Largesse – The Hidden Depression
“Sex” and “Money” are probably two of the most powerful words in the English language. First, those two words got you to look at this article.&nbs…
It’s An Interconnected World After All
“The US recovery must overcome the European divorce and the China slowdown in order for the US to grow more than 2%” is how JPMorgan’s Michael Cembalest describes the reality of an un-decoupled world. There is some divergence as while the US econ…
Full LightSquared Org Chart
Good news: it is not the Enron (wall of pain) org chart. Bad news: it is the SkyTerra, pardon, LightSquared one. Bad for Falcone that is and its various unsecured creditors. Good for Milbank Tweed which has just started billing hundreds of attorneys to…
Phil Falcone’s Downfall Is Complete: LightSquared Files For Bankruptcy
The fall of the man, whom everyone wanted to work for back in 2006, is now complete.
LIGHTSQUARED, FAILED WIRELESS VENTURE, FILES FOR BANKRUPTCY
LIGHTSQUARED 74 PERCENT-OWNED BY FALCONE’S HARBINGER CAPITAL
LIGHTSQUARED’S PLANNED HIGH-SPEED NETWOR…
"No-Brainer Trade Of The Year" Plummets As Bondholders Duck Ahead Of Possible Greek Bankruptcy Tomorrow
Was it only two weeks ago that the smartest investors in the room were calling ‘buying Greek bonds’ as the no-brainer trade-of-the-year? Sad to say that for such power-houses of intellectual prowess as Greylock (who if you remember could not get enough…
