Jeremy Grantham's March Letter

Well worth the read.

(www.gmo.com) To read the letter go here.

Buffett on CNBC discussing the Markets

Visit the CNBC live blog here

Jon Stewart Exposes CNBC's Worthlessness

(jasonkelly.com) In the clip below, Jon Stewart does his usual masterful job, this time on CNBC's worthlessness. Here's an index of key moments:
Cramer's "Bear Stearns is fine" call. (3:03)

"Lehman Brothers is no Bear Stearns. . . . Lehman Management is incredibly engaged and responsive." (3:15)

Merrill won't need to raise additional capital. (3:30)

Read the article and see the video here

Is Fairfax Holdings Prem Watsa the new Buffett?

Read the 2008 letter to shareholders here

Half Of Stocks Are Less Than $5

(Clusterstock.com) ....Nearly half of all stocks in the index are now trading at less than $5, and 37% are under $3....


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The Latest Craze: Blue Chip Penny Stocks

(Ritholtz.com) Here’s a short list of only the highest quality, bluest of blue chip, penny stocks:

AIG (39 cents)
Citigroup (98 cents)
E*Trade (66 cents)
Fannie Mae (39 cents)
Freddie (39 cents)
Unisys (37 cents)

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How to Deal With a 3 A.M. Fear

(NYTimes.com/Ben Stein) CAN it be that only a couple of years ago, Stephen A. Schwarzman of the Blackstone Group, wildly successful in private equity, treated hundreds of guests at his lavish birthday celebration to performances by Rod Stewart and Patti LaBelle?

Can it be that as recently as 2006, financial firms accounted for almost one-third of all the corporate profits in the United States? Or that money was so free-flowing that a single bat mitzvah party could be estimated to cost $10 million?

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