Everybody knew a plan to cut the corporate dividend tax was on its way. Buttotal elimination? Back in early December, TheStreet.com reported that the “scuttlebutt” was a (in retrospect) humble exemption-the first $5,000 to $50,000 of dividends-and, as late as the current issue of Business Week , forecasts were for a proposal that would cut Read More
I remember the first time I saw James Cramer on TV. I thought , ” Man , whatever is the opposite of yoga, this guy is doing it.” Mr. Cramer was(andremains) everything Om Shantih isn’t: uncool bordering on berserk, manic, churlish and very, very smart. Mr. Cramer’s Confessions of a Street Addict is the first Read More
Last May, as dot-com mania was blooming, Dave Kansas, the editor of TheStreet.com, became a rich guy when the financial news site went public. At the end of first day of trading, he owned $9 million worth of stock in the fledgling venture and had options to buy another $4.5 million worth for just $2,300. Read More
The investment banker turned to me and grimaced: “I can’t believe how much money that guy is making.”
“That guy” was working for an Internet startup, and his paper worth had recently soared into the hundreds of millions of dollars. The banker watched him cross the room. “If I hear about one more guy making Read More
What’s this: We’re still hung up on day traders?
As the bull market rolls on, the old-media aristocracy (most recently, The New York Times Magazine , on Nov. 21) continues to obsess over the solitary obsessions of the day traders, as though this straggling lot of wired, manic investors holds the key to understanding the Read More
For a good chunk of July, an 18-year-old kid from Long Island named Harris Kupperman was beating the 9,100 other contestants_in_something_called “TheStreet.com Investment Challenge.” In just four weeks, he had turned $500,000 into $7.6 million, a 1,400 percent return. At that rate, he’d have $76 quintillion in a year. “I guess that’s O.K.,” he said. Read More
