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Markets
Rambus Inc. had a flash crash in action today.
LinkedIn’s IPO price is not indicating immense enthusiasm from investors. Is this because the social media bubble is deflating, as Reuters suggests? Or just because LinkedIn is not Facebook, Twitter or Zynga, which seem to be the only social media companies anyone cares about?
There is a giant sculpture of a raised middle finger outside the Milan stock exchange. A lot of local financiers are feeling insulted. Some people are so sensitive.
Banks
Banks are worried that if you everything they screw up,, you won’t give them your money any more. Well. Yeah.
Hedge Funds
SAC Capital leader Steve Cohen – detester of insider trading – made money on quite a public trade: his Warhol portrait of Liz Taylor sold for $27 million at an art auction yesterday.
Recreational Reading
Friends in low places is the way to go.
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