The Five Dumbest Things on Wall Street This Week
With The Associated Press reporting that the ailing airline industry could lose up to $3 billion in revenue annually if these fare changes were widely adopted, we're reminded of one of the early scenes in the Clint Eastwood movie Dirty Harry.
Specifically, we recall the scene in which Clint Eastwood's Harry Callahan, chatting with a man who's threatening to jump off a building, explains to the man the big problem, as Callahan sees it, with suicide jumpers: When they jump, they grab hold of whoever's nearby to bring them along.
We wonder if that's Delta's strategy here, as far as the other nonbankrupt air carriers are concerned: If we're going down, we're taking you with us. Talk about flying United.
5. Bok Choy to the World
Over the past month or so on Wall Street, the usual dog-eat-dog atmosphere was all Peace on Earth and Good Will Toward Men.Well, it was fun while it lasted. By our account, the Spirit of Human Kindness on Wall Street officially ended Monday evening, Jan. 3. And how did we pick that evening as the close of the holiday season? Well, it has something to do with what happened that night to TheStreet.com's ace options reporter Steve Smith. Heading homeward after a long day of writing about Wall Street on Wall Street, Smith headed into a subway station carrying a plastic bag full of groceries: a little bit of salmon, a little bit of shrimp and a whole lot of bok choy. Seeing a train waiting with its doors open, Smith jumped aboard -- but neither quickly enough, nor far enough into the train car to pull his bag completely aboard. The train doors closed, leaving Smith and the bag's handle on one side, but the bok choy on the other.
|Bok, Stock and Barrel
Smitty's subway vegetable straddle
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV