Lunchtime Links 10-1

October 1, 2009

Comcast denies it has a deal to buy NBC Universal (Reuters) That doesn’t mean they aren’t working on a deal. Comcast has wanted to own content for some time. The distribution model on its own isn’t as powerful. Recall their failed attempt to buy Disney.

Georgian wasn’t on problem bank list (Jonathan Weil) Another good one from Weil. He notes that Georgian Bank, which failed last Friday and will cost FDIC nearly $900 million, wasn’t even on the problem bank list as of June 30th. There were 416 banks on it at that the time. Not included, of course, are problem banks Citigroup, BofA and Wells Fargo, all of which would be goners if not for direct/indirect government support.

Ken Lewis: Gone (NYT)

Saturn: Gone (CNN Money)

Cramer: Here comes the death of many bearish hedge funds (BloggingStocks) This seems like a good contrary indicator. If people are punting bearish funds, seems to me they’ve become believers in the stock market rally. Now I’m not calling a market top, but the idea that equity investors think stocks are intrinsically valuable here demonstrates, I think, how little we’ve really learned during this cycle…

Greenspan sees growth slowing as stocks flatten out (Bloomberg)

What AOL won’t be telling IPO investors (Blodget) It’s the worst kept secret in the tech world that AOL’s “advertising” business is still largely dependent on its dying dial-up business. All those folks still clinging to their aol.com e-mail address drive lots of page views…

Personal spending surges in August thanks to Cash for Clunkers (Reuters) Amazing what “stimulus” can do to boost the market. So how will we handle the hangover when it all goes away? See also below…

Pending home sales surge as buyers race to close transactions before expiration of tax credit (NAR) Even the the NAR’s Chief Economist acknowledges that sales are artificially inflated…

Green Day, The Musical (NYT) I can’t wait for this one to come to NYC…

Judge’s son gets away with drug trafficking (AL Court Watch) It’s good to know the right people.

Guard dog for sale (rapidcow)

Call of the year (Youtube) Steve Stone used to do this for the Cubs…

I love mom’s reaction…

One comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Markets can remain irrational longer than investors can remain solvent.
The stock market has lost ALL connection to reality. And its connection to reality has ALWAYS been tenuous…remember Pets.com???

Posted by fresno dan | Report as abusive