Wall Street Folly

It's Official: We've moved! Our new home is www.wallstreetfolly.com

Please join us over at our new Wall Street Folly site.  We're still working out some kinks, but it's up and running! (Note, if for some reason you're not directed to that site, keep trying.  It gonna take a bit for the redirection of our wallstreetfolly.com url to be propogated through the system.)

Odd Lots: Steve Jobs is not dead; Lehman analyst's apology ; Jeff Matthews: The day the newspapers died

• Macabre: Bloomberg blunders by publishing Apple CEO Steve Jobs obituary, then retracts it - Gawker

 

Who was behind the ultimately aborted 'Bloomberg for President' movement?

Turns out that Stanley Druckenmiller, who runs hedge fund Duquesne Capital, was one of those behind the move.  Page Six tells us that he wrote a $250K check to the Draft Bloomberg Joint Fundraising Committee on January 14 when Mayor Bloomberg was noodling over becoming a third party candidate.
Mike's Boosters - Page Six NY Post

Nevermind: So much for Bloomberg buying the NY Times....

Mayor Bloomberg threw water all over this morning's NY Post story that Bloomberg was interested in buying the NY Times.  From Briefing.com:

10:07      NYT Summary of comments from CNBC on Bloomberg/New York Times story  (19.77 +0.58)  -Update-

    CNBC commentator said the Mayor of New York City denied interest in buying the New York Times. Said he was 'not a buyer of other people's problems.'

Is a Bloomberg / NY Times merger in the cards?

That's what this morning's NY Post is suggesting.  We could see why the NY Times might want to pair up with Bloomberg given its downhill slide, but why would Bloomberg want that kind of albatross around its neck?  In our opinion, Bloomberg already has better reporting.

Panic at Grand Central and we were there; Blackberry and Bloomberg rule

Juat as we entered Grand Central to head home, panic ensued.  Police were running for the exits.  We heard someone yell "evacuate NOW", and the crowd ran like hell for the exits.  No one knew why.  Outside it was very sooty.  Thousands of people were pouring out on to the street.  We were on 42nd Street and the police were telling people to go west quickly.  No one had any idea what was happening.  We were able to snap a quick picture of the plume of smoke (above) with our Blackberry.

Not knowing what was going on, we did a Google search of the news.  Nothing.   The good news: Our Blackberry still worked with the web. *Phew*.  So we went to Plan B.  We logged into our Bloomberg on our Blackberry and searched the news.  Et Voila.  Headlines were already up on Bloomberg, at 6:12, within minutes of the explosion.  They indicated that it was likely a manhole explosion or something similar.  But thankfully not terrorism which we happily shared with some of the other confused evacuees.