Frontrunning: August 2
Low Wages Work Against Jobs Optimism (WSJ)Tourre’s Junior Staff Defense Seen Leading to Trial Loss (BBG)Russia gives Snowden asylum, Obama-Putin summit in doubt (Reuters)Fortress to Blackstone Say Now...
View ArticleFrontrunning: August 6
Washington Post Company Chairman and CEO Donald Graham talks about the sale, what it means for the future of The Post (WaPo)Private-equity firms are adding debt to companies they own to fund payouts to...
View ArticleFrontrunning: August 8
Fukushima: "300 metric tons of contaminated water were likely leaking into the ocean daily" (WSJ)Unexpected strength in China trade data eases some gloom (Reuters) - actually, perfectly expected data...
View ArticleFrontrunning: August 9
JPMorgan Nears Settlement With SEC on London Whale Loss (BBG)Without even a wristslap: Iksil to face no U.S. charges in 'Whale' probe (Reuters)China’s Credit Expansion Slows as Li Curbs Shadow Banking...
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More Zen Advice From Dan Loeb's Bloomberg Message Header
Dan Loeb continues to dispense Zen (trading) philosophy from his Bloomberg MSG header. While previously his tongue-in-cheek (and enema-in- ... well, you get the the idea) message to Bill Ackman had a...
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Carl Icahn Speaks (On Twitter): Reveals "Large Apple Position"
Curious why Carl Icahn has a twitter account? Here's why:We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.— Carl...
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About iCahn's AAPL Activism, And Those AAPL Bonds
While we congratulate Carl Icahn (or is that iCahn) for once again taking over the spotlight in what has otherwise been a newsflow empty summer doldrum week, and like everyone else, are surprised by...
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Corn-Holed, Bonds Sold, Equity Bears Fold
Intraday volatility remains extreme in almost every asset class. Today it was bonds and corn's turn as the former saw 7Y yields jump over 10bps (for the worst 2 days in 6 weeks on moar Taper talk) and...
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Europe Returns To "Growth" After Record 6-Quarter Long "Double Dip"...
The amusing news overnight was that following slightly better than expected Q2 GDP data out of Germany (0.7% vs 0.6% expected and up from 0.0%) and France (0.5% vs 0.2% expected and up from -0.2%),...
View ArticleFrontrunning: August 14
Vocal billionaire activist IRR - 150x: Icahn bought $1 billion of AAPL stock, seeks $150 billion buyback (BBG)BlackBerry Said to Have Sought Buyers Since 2012 (BBG) - for a phone or the entire...
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Stocks Slump Most In 7 Weeks As Silver Surges
The cluster of Hindenburgs is indicating a very worried market (for example 99 New Highs and 231 New Lows) and for a change a Fed speaker was unable to provide the headline-reading BTFD ammo to save us...
View ArticleHedge Fund Second Quarter 13F Summary
It's a Carl iCahn world, and 13-Fs are nothing more than 45 day old tweets. Also, with Ben Bernanke Chief Risk Manager of the developed world, there is absolutely no point to be invested in hedge funds...
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Icahn Twitter Shots Fired (At Ackman, Of Course)
You know, we are actually starting to feel sorry for Ackman. Somehow he has become the most universally hated hedge fund manager in the world. NYT's thesis that Ackman's actions prove something is...
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No Joy In Hilsenratville: Stocks Have Worst Week Of 2013 With Bonds...
The Hilsenrumor turned out to be a Hilsenstocktease, and with a closing that will leave many wondering "why hast he forsaken us" and ES going into the weekend at the lows, stocks end their worst week...
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Icahn Tweets The AAPL Rescue Orders
If AAPL is indeed what broke the NASDAQ, here comes Uncle Carl to make sure there is an early AAPL bid just as the NASDAQ reopens.Spoke to Tim. Planning dinner in September. Tim believes in buyback and...
View ArticleLittle Excitement Following NASDARK Day
It was a quiet overnight session, in which the Nikkei was catching up to USDJPY weakness from the past two days, while China dipped once more despite the NDRC's chief economist stating China may cut...
View ArticleBlackBerry All But Finished Following "Dismal" Sales, "Virtually No Demand"...
Research In Motion BlackBerry may have to rename itself again. Or Thorstein Heins will have to do a Vogue cover spread. Or the company will have to take a page from the Amazon playbook and revel in its...
View ArticleFrontrunning: September 9
Hedge Funds Cut Back on Fees (WSJ) as we predicted would happen, in MaySyria's Assad denies chemical weapons use; U.S. presses case for strike (Reuters)Unemployment Falling for Wrong Reason Creates Fed...
View ArticleCarl Icahn Is Done With A "Totalitarian, Dictatorial" Dell
The 77-year old billionaire twitterer extraordinaire, Carl Icahn, shows everyone just how it's done, making a levered profit in the process, but not before he lets a few sharp barbs out to tell...
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Herbalife Options Signal Large "Volkswagen"-Like Short Squeeze Bet
While Carl Icahn admits 'modest' defeat on the Dell deal, he remains neck deep in Herbalife, and as we illustrated back in February, and warned earlier in January, it seems someone is betting right...
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