Wall Street

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FINTAG COMMENT Waste land. For many of the bull market generation, what is happening in the markets is bewildering. When colleagues disappear from their desks it can be alarming. For those who went for the hedge fund dream, the wolves are starting to appear. However, this is the first market crash with 24 hour continual analysis. The last in 1982 was documented on fax paper, the coffee bars and the telephone. We are in unchartered waters. All the news appears to be bad - but which is the ..[more].

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We got a call today asking about our thoughts on the mystery of the Bear Stearns stock price. How and why could the stock trade so far above the buyout price, now a bit higher than $2? Our reply was that the theories of purchases by bondholders, owners of credit default swaps, or current shareholders made little sense. It was more likely that buying was coming from those who already had a concentrated position, like Joe Lewis. News released after the close today confirmed that our opinion ..».

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read an excerpt here) ended up being about a lot more than fortune cookies, although you certainly learn some surprising things about them. (They brought luck to 110 Powerball winners, and they actually originated in Japan!) Instead, The Fortune Cookie Chronicles is ultimately about how Chinese food and Chinese immigrants have spread throughout the world, encountering failure and success, then ultimately emerging as something new—but still at its core Chinese. The same could also be said of ..».

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