David Berry
David Berry
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Investment banking continues to be pretty strong pretty much for all these players. Goldman yesterday talked about a record backlog and I think that would also be true for Lehman. Morgan Stanley will be reporting tomorrow. That's been a pretty steady drumbeat. Underwriting activity was a little slower. Fixed income business has been picking up with the Federal Reserve seeming to go on hold,
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I can understand all the excitement about this season. I was 2 years old when the Seahawks last won a playoff game, so you never know when something this special will come around again.
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It really does get hot in the shop. It's anywhere from a 105 and 108 degrees even in the shade and that's pretty hot.
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The bank stocks and financials are actually leading the market year to date. I tell you six months ago it was a totally different picture. We were in the hole. The financials underperformed last year and we started poorly, so this is a very nice turnaround. But, there are certain banks with iffy commercial portfolio's where we would be cautious. There are some regional banks that we like, too. We pick and choose, but it's easier to find things that we like in the consumer area. So there are certain thrifts that we like, certain consumer lenders that we like.
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The first thing we do is we get ice and we mix up a big cooler of Gatorade and these guys drink Gatorade and water.
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These guys work pretty hard, so if they need to take a break we let them take a break, especially this time of year when we are really really busy.
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You've got an incredibly fragile link into Wellington. Having only one primary access into Wellington seems nuts. You have one big earthquake and you have no road.
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It is most regrettable, particularly because the wrong person has resigned. Cambridge's core problem is the mayor.