peHUB Second Opinion 9.25.09
Dealscape: Getting sarcastic are we? The Deal’s blog pokes fun at James Sprayregen of Goldman Sachs for stating what does seem like a blinding glimpse of the obvious: there are more retail bankruptcies to come. Ok, yes, it’s not revolutionary but cut the guy a break. Everything seems boring and echo-y after a week of headlines that scream “CRISIS!” “MELTDOWN!” and “GREAT DEPRESSION!” Not to mention, being redundant and right is far better than being riveting and wrong. Dealbook: More sarcasm! (Has the crisis turned us all bitter?) Here Dealbook cleverly notes that the “financial firm” CVS Caremark has been added to the no-short list. Just kidding! CVS Caremark isn’t a financial firm! (Hint: its not sarcasm if you point it out in the next sentence…) In other news, seriously, how are CVS, I.B.M, Medco Health, and other decidedly non-bank companies on the no-short list? CNN Money: GE slashing guidance? No bigs, there are bigger fish to fry, says Wall Street. Tech Confidential: Tipjoy raised a big $1 million.
