Recent Fully Deluded News
CONFIRMED: Microsoft Freezes Hiring At Xbox And Zune Group (MSFT)
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
UPDATE: We've confirmed that Robbie Bach, who heads up Entertainment and Devices (Xbox, Zune, etc), sent out an email last night announcing a freeze at his group. Prior to receiving the news about the E&D group, we asked Microsoft for comment about the possibility of a companywide hiring freeze, which the company says is not happening. Statement from spokesman Lou Gellos: Microsoft will continue to grow and add thousands of new jobs this year, but given the current economic environment we are taking the prudent step of reviewing our hiring plans and will make some adjustments as appropriate. ... (original story)
Imminent Rate Cut? - Cramer's Stop Trading! (10/3/08)
Posted from Jim Cramer's Stock Picks fr... 3 days ago
Fully Deluded : Market
Recap of Jim Cramer's comments on Stop Trading! Friday October 3. Predicting a Fed Rate Cut - Coca-Cola (KO), McDonald’s (MCD) and Schering-Plough (SGP)Complete Story » (original story)
Links: Dirt, Britain, Unintended Consequences, etc.
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
Some quick links to items of interest: Developer Sells Land Dirt Cheap To Reap Tax Benefits (WSJ) What Britain must do in the crisis (FT/Wolff) Private equity continues to have great parties, even if everyone's depressed (PE Hub) Unintended consequences of Bernanke/Paulson's actions ... (original story)
Hedge Funds Eat Their Young, Part II
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
A few people have sent over variants of this after my earlier post about hedge funds' cannibalism practices, so might as well post it. Here is a graph of the Goldman Sachs VIP index of most widely-held hedge fund positions as it has performed against the S&P 500 over the last few years, and then in ... (original story)
McCain's Collapse Resumes
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Sarah Palin briefly arrested the collapse of John McCain's odds of winning the presidency with her performance in the debate last night: By this morning, McCain's odds on Intrade had upticked from 33% to 33.8%. Alas, the Palin effect quickly wore off, and by the end of the day, McCain's odds had plummeted to a new post-convention low: 30%. McCain has now lost 18 points in the past 18 days. Chart below from Intrade. It does not reflect today's closing price of 30.3. See Also: Palin Gives McCain Rare Uptick (original story)
#Links
Posted from Alea 3 days ago
Fully Deluded : Hedgie
FACTBOX: Bank bailouts around the world, last 2 weeks Has the bailout already failed? If you think this bailout is expensive, just wait until you see the next one Fear and loathing after the credit crisis Schwarzen-beggar How Banks Hedge Counterparty Risk Morgan Stanley may scale back prime-brokera... (original story)
Ackman Buys (Part Of) Wachovia
Posted from Dealbreaker 3 days ago
Fully Deluded : Hedgie
Bloomberg reports that Pershing Square bought a nine percent stake in Wachovia. The firm did so after the Citi deal was announced on September 29, but prior to Wells Fargo's offer today. (original story)
Get Your Banking Crises Correct: 1872/73 vs. 1929
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
I've been saying this privately for some time, but only now finally getting around to saying it here: In many ways, the banking crisis of 1872/73, less so the bank failures around the Great Depression, is the right mental model in which to think about the current crisis. The context: A banking cri... (original story)
Bailout bill passes, financial crisis continues, Part II
Posted from TIME.com: The Curious Capit... 3 days ago
Fully Deluded : Market
On the topic of the how, even with the bailout bill (sorry, the rescue package), all of our problems won’t be solved overnight, I offer a story I wrote for Time.com today. It starts: To understand how the credit crunch is hitting American business — and, in turn, you — look no further than Th... (original story)
Gawker's Nick Denton: Sentimental Softie?
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Everyone knows that Nick Denton is a cold, heartless slavedriver who is degrading journalism and the body politic. But he's playing a bit against type these days, even as he fires 19 people in anticipation of a brutal 2009. Not only did Nick pen an unsually sentimental sendoff note today, he actually warned his staff about the cuts weeks in advance. In his own way, that is. Check out the Facebook invite he sent out for his rooftop party held two weeks ago: Before the economy collapses we might as well indulge in one last splurge. So this Friday, Gawker Media's throwing a party to inaugurate t... (original story)
It's Official
Posted from Dealbreaker 3 days ago
Fully Deluded : Hedgie
Bushie has signed the bill. And how could he have not? It's got tax breaks for his two favorite things: toys and booze. In honor of this historic event-- the passing of the package-- Dealbreaker readers will be receiving visits from the T&B Fairy next week. I haven't checked out how much I can spen... (original story)
Credit Crisis, Companies, and the Economic Outlook
Posted from Paul Kedrosky's Infectious ... 3 days ago
Fully Deluded : Techno
New Greenwich Associates survey out on how credit market problems are hitting companies of all sizes, both in terms of their ability to get capital and in their economic outlook: Forty-five percent of large U.S. companies say their access to commercial paper markets has decreased as a result of ... (original story)
So Much for the Bailout Rally . . .
Posted from The Big Picture 3 days ago
Fully Deluded : Market
Wow, that's a nearly 450 point swing.Very surprising to see the bailout pass, and get signed into law, and then see the market fade. Once again, I have to say -- I hate to read too much into intra-day action, as its mostly noise, but this is not a positive development . . . > (original story)
Libor: Quote of the Day
Posted from Alea 3 days ago
Fully Deluded : Hedgie
Libor: I thought it was a pill Email This (original story)
Apple Stock Hammered (AAPL)...Why?
Posted from Silicon Alley Insider 3 days ago
Fully Deluded : Techno
Apple stock dipped early in the day on a false "citizen journalist" report that Steve Jobs had had a heart attack. After Apple denied the report, the stock bounced right back. In the last hour of trading, however, Apple's stock has tanked again, and at one point was down more than 4%, to $95 and cha... (original story)
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