David Parkinson tracks down the insightful, the outspoken, the colourful and, occasionally, the just plain weird words coming out of the investing community
David Parkinson- Globe and Mail
A Capital Condemnation
"The Dow Jones goes up whenever the unemployment rate goes up, because Wall Street likes it when people lose their jobs. It's better for the bottom line of companies when they don’t have to pay people and they can get the remaining people to work twice as hard.” – Filmmaker Michael Moore, talking with long-time sparring partner Wolf Blitzer of CNN about his new Wall-Street-bashing documentary Capitalism: A Love Story, argues that the stock market’s recovery has come on the backs of the unemployed, as companies pump up their bottom lines by slashing payrolls.
Filmmaker Michael Moore declares the New York Stock Exchange a crime scene in Moores new film, Capitalism: A Love Story, an Alliance Films' release.
So what else would we expect?
“His latest film isn’t really a documentary … but a freewheeling denunciation of the capitalist system that is often mordantly funny and, by lurching turns, scornful, rambling, repetitive, impassioned, mock-lofty, pseudo-lowbrow, faux-naïve, persuasive, tabloid-shameless and agit-prop-powerful.” – Wall Street Journal film critic Joe Morgenstern opines on Michael Moore’s Capitalism: A Love Story, which he gave a generally positive review despite its unabashed attacks on the newspaper’s core audience.
"The Dow Jones goes up whenever the unemployment rate goes up, because Wall Street likes it when people lose their jobs. It's better for the bottom line of companies when they don’t have to pay people and they can get the remaining people to work twice as hard.” – Filmmaker Michael Moore, talking with long-time sparring partner Wolf Blitzer of CNN about his new Wall-Street-bashing documentary Capitalism: A Love Story, argues that the stock market’s recovery has come on the backs of the unemployed, as companies pump up their bottom lines by slashing payrolls.
Filmmaker Michael Moore declares the New York Stock Exchange a crime scene in Moores new film, Capitalism: A Love Story, an Alliance Films' release.
So what else would we expect?
“His latest film isn’t really a documentary … but a freewheeling denunciation of the capitalist system that is often mordantly funny and, by lurching turns, scornful, rambling, repetitive, impassioned, mock-lofty, pseudo-lowbrow, faux-naïve, persuasive, tabloid-shameless and agit-prop-powerful.” – Wall Street Journal film critic Joe Morgenstern opines on Michael Moore’s Capitalism: A Love Story, which he gave a generally positive review despite its unabashed attacks on the newspaper’s core audience.
Much atwitter about nothing
“Twitter is rewriting that old saying about a penny for your thoughts. It turns out that our most mundane and irrelevant musings are worth $1-billion.” – TheStreet.com’s Glenn Hall comments on a new $100-million (U.S.) private financing at Twitter, which, by implication, puts the value of the popular (and profitless) social-networking website into the 10-figure range.
I guess owning the Coyotes won't help, either
“Three things could help RIM: A takeout by a larger company with smart phone ambitions; RIM’s own acquisition of Palm; or new employment for millions of stock brokers, which would boost RIM’s enterprise sales. Take a bet on all that if you will. The fundamentals speak for themselves, and they only suggest that business will get tougher from here on out.” – Tiernan Ray, columnist with influential investment magazine Barron’s, suggests some Hail-Mary solutions that would be necessary to alter the bleak prospects for Research in Motion and its stock. The Blackberry maker’s shares plunged Friday after the company issued disappointing financial results and an even worse sales outlook.
Hey, goldbugs, maybe you should put down those muskets, too
“Gold could be investors’ version of World War II France’s failed Maginot Line – an expensive defensive hedge, yet unfortunately built to fight yesterday’s battles.” – Vincent Fernando of website The Business Insider argues that the defensive play in gold no longer makes any sense. He believes deflation is a more serious risk than inflation, and that the speculators who have been driving gold’s surge are risk-takers, not the risk-averse who began the rally.
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