Last minute fill in on tonite’s Kudlow & Co. — just the first segments, from 7:00pm to 7:20pm or so, on CNBC.
The always enjoyable John Rutledge, the New York Sun’s Elizabeth Peek, and Don "Housing has zero impact" Luskin.
barely tolerable fun . . . .
UPDATE: October 17, 2007 5:50 PM
I wanted to jump in and defend Gretchen Morgenson, a fine investigative, Pulitzer prize winning reporter.
You will laugh when you hear the "accusations" against her, like her obsession with fairness for shareholders.
Seriously . . .
UPDATE: October 18, 2007 9:50 AM
Gretchen Morgenson in today’s NYT: Countrywide Chief Is Said to Face S.E.C. Inquiry
We really cannot have these journalists poking around, identifying when Management is ripping off their shareholders . . . this must be stopped!
Rob Fraim is a reader of mine who puts out his own
amusing comments each day via email. On the 17th anniversary of
the 1987 stock market crash, he put out his recollections from that
day, and we are republishing them today, the 20th anniversary of Black Monday.
I found them so interesting that I suggested Rob (who is
blogless) post them here. He gladly agreed. Without further adieu, here
is Rob’s version of 1987 Crash Revisited
October 19 – the day that each year gives old-timers in this business a renewed facial tic and post-trauma flashbacks.
“What?” you say. “You mean you were actually there, Grandpa? You remember the Crash of ’87?”
Yes, I was, and yes I do. Confirming rumors that I am, in fact,
older than dirt I note that I was in this business in 1987 – and had
been for a few years prior (I started in 1983.)
I was having dinner last week with a friend who runs a hedge fund
(another graybeard, although he looks younger than me) and we ended up
talking about 1987. He had a great story about the whole thing (which
I’ll let him tell you about someday if you ever get to have dinner with
So I thought I would take a moment to reflect on my own Crash
Experience – and perhaps some of you will share your October 19, 1987
story (provided you’re not a whippersnapper who would be relating what
was on freakin’ Sesame Street that day! I really hate you guys.
You’re svelte and unwrinkled and smart and energetic and I’m just
liable to whup you if you’re not careful.) Maybe we’ll even get a
recounting of the aforementioned dinner tale from last week. So if you
feel like it, drop me a note with your recollections. If I get enough
to make it worthwhile, perhaps I’ll compile them for sharing.)