Thursday, October 22, 2009

Hats on, Hats off

With apologies to the Karate Kid, last week the CNBC the staff dusted off their Dow 10000 caps and donned them in celebratory hurrahs. For the 27th time since 1999, the Dow crossed 10,000. Pretty special moment obviously.

I had an aunt who crossed her thirty-fifth birthday almost as often. Some celebrations are more about rolling eyes and making wishes than reality.

(oops, just crossed again, hats off)

(click on image for clearer image)

John Barnyak
Stonehouse Asset Management

Back in the Saddle

As my wife said to the doctor, "he's says he's never sick. It's because he never goes to the doctor." Sure enough I went, and got sick. I liked my way better. Now I am back to following the markets stressfully and doing all those ridiculous things I've heard rumors of, like eat better, lose weight, get some sleep. Silly things really, but I'm giving them a try.

With that out of the way, let's kick off with the Financial Times takes on banks with a bit of tongue in cheek.

The Financial Times video cannot be embedded into the blog, but past the above link in your browser to view.