This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Red Sox Curse Lingers

The Curse of the Bambino lives!

It's been 2 ½ years since the Boston Red Sox finally exorcised their famous demons.

But ever since the World Series victory of 2004, something weird has been going on. Maybe the bad luck that had haunted the team for 86 years didn't go away ... it just transferred itself to the team's owners.

Both John W. Henry, the principal owner, and New York Times (NYT - Get Report), his partner, have suffered an astonishing string of bad news ever since that famous moment.

And there are some very eerie coincidences.

Henry's business is now in a deep crisis. Long-standing client Merrill Lynch (MER) is yanking $500 million from his commodities and futures trading company, according to reports published Tuesday in The Wall Street Journal.

Merrill, as usual these days, declined to comment. Ken Webster, president of John W. Henry & Co., did not return calls either.

Can't say I blame them.

The move would send Henry's assets under management plunging to barely $500 million. That compares with a peak of $3.3 billion at the end of 2004.

They're down 70% this year alone.

The move leaves Henry's firm just a couple of banana-skins from disaster, according to one longtime observer.

"If the performance doesn't recover, and continues as it has for the past three years, he'll experience further withdrawals and it would be very difficult for him to continue," warns industry veteran Perry Jonkheer, president of Illinois-based Institutional Advisory Services Group.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GCI $16.27 0.56%
NYT $12.31 -1.10%
AAPL $94.07 -1.20%
FB $117.62 0.16%
GOOG $697.01 0.67%


Chart of I:DJI
DOW 17,635.57 -115.34 -0.65%
S&P 500 2,051.38 -11.99 -0.58%
NASDAQ 4,728.5390 -34.6850 -0.73%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs