Okay, what's gotten into the Sunday
New York Times
Biz Section? It now takes twice as long to read as
Hats off to Edward Wyatt for his delicious, hard-hitting hatchet job of Dreyfus. What did happen to those IPO allocations? This article is must reading for every compliance officer and regulator in the land. Not to mention shareholders. Bravo!!!
While we're praising the
, how about Floyd Norris who gets it right again, by musing about how tired and weary the tape is? If I didn't know any better, I would sell everything based on this piece. He is so consistently good, he's scary. Can you imagine how great
would be if they hired Norris back to write Up & Down Wall Street? Just a dream, but why not?
Kathryn Welling, subbing for Ursa Major in
, trots out the Whitefish guy, you know, the guy who dropped out 2000 points ago, to compare next year with '87 and '29. Maybe, Whitefish, you'll be right. But in the meantime, how do we recover the the 2,000 points you kept us away from? (Not all of
was a waste. I'm clipping the IPO chart to do work on it. You should do the same.)
James Cramer is manager of a hedge fund and co-chairman of The Street.