Kidder, Peabody & Co., Inc.

 

Time for some new lead on my trade blotter................. 

When I trained at Kidder under the tutelage of the late, Lee Solot, Ralph DeNumzio was running the ship.

What an interesting day it was when the venerable Al Gordon gave his talk to our class.

Here is some more on Mr. Gordon.

Albert Hamilton "Al" Gordon (1901–2009) was a prominent American investment banker and businessman best known for rescuing and transforming the Wall Street firm Kidder, Peabody & Co.Key Facts

• Born: July 21, 1901, in North Scituate, Massachusetts.
• Died: May 1, 2009, at age 107 in Manhattan.
• In 1931, shortly after the 1929 stock market crash, Gordon (with partners, including help from Stone & Webster interests) acquired the struggling, Boston-based Kidder, Peabody when it was near collapse. He moved its headquarters to New York and rebuilt it into a major player.
• He served as senior partner, chairman, and major shareholder for decades (until selling the firm to General Electric in 1986).
• Under his leadership, Kidder Peabody grew into a respected investment banking and brokerage firm, known for underwriting, sales, and international expansion (e.g., early offices in Hong Kong and Japan).
• Gordon was legendary for his energy: He made cold calls into his 90s, exercised vigorously, flew economy class, and stayed active in finance well past 100.

He was a Harvard graduate (class of 1923), a lifelong Republican, and known for his integrity, salesmanship, and long career on Wall Street.Kidder, Peabody itself had a long history dating back to 1865 but faced severe difficulties in the Great Depression. Gordon's turnaround is often cited as a classic Wall Street success story. The firm later faced challenges in the 1980s–90s (including the Joseph Jett scandal) before its eventual dissolution.

Cycle of Life

 

Across North America they are hitting the ground.

WHATTADAY!!!

 

OFFICIANT!

New York,  New York

May 23,  2026

Too easy..........

How can I ever forget the laughter and glee of my great friend, Dave Utter when he would  tell me, "buy em, and they go up, it's too easy"! 

One of the many things I have going for me in the stock market is that I have looked at over a million charts since the 1980's.  The charts don't lie, show pain and pleasure, greed and fear.  The chart will make the move before the news does.   You still think insider trading is a thing of the past?   The thieves are everywhere and you don't know they are there.  The SEC allows it!  Imagine that!   Ask Harry Markopolos about that bunch. 

By the time you enter a trade on your computer and hit the "send" button about a thousand people have seen your order and trade against it.   There is nothing pure and nice about the markets.   The little guy is low man on the totem.

So, you see, stocks don't know I own them and wouldn't behave any differently if they did.

In a very simple sense, I invest a fair amount of money, for access to all my tools, (needed for me to make a large amount of money).  All i do is generate lots of great ideas, far too many to act on, winnow that list down and down some more, (while adding to it), continue to evaluate the risks in the general market, eyeball earnings forecasts and then execute a plan to position size relative to the risk and buying power in my portfolio. 

That said, it has been a glorious year.  So far.

But look around.  What do you see?    I see a populace having a tough time.

I see every car dealership from Atlanta to Nashville, so full they can't get any more cars on the lots.

I see savings being depleted.

I see inflation.

I see homes for sale, sitting.   

I sense interest rates rising to slow things down.

When it comes it will be rather fast and furious. 

It's coming.  It will.  Trust me.  It always does.  Right when you least expect it.

Berkshire sitting on $400,000,000,000 of cash. That is with a "B" boys and girls.  Berkshire waiting for better times to enter the market with new buys at the right time;  when blood is running in the Street.

The cycle of manias, on full display.

Today, greed is in control. 

Eventually the winners and losers will be sorted out.   

This has been a powerful rally the past few months.

Thank you Mr. Market.

Take what the markets provide and say "thanks".

In Ojibway/Anishinabe we say, "miggwech", thank you.

118 for 118 so far...............

 Congratulations President Donald J. Trump

You Want Some Truth?

"If the vaccines are so safe, why are they blocking the safety studies? Looking at how these vaccines are actually approved has completely changed how I practice medicine. When the FDA and HHS are actively blocking publications on safety, it’s no longer about health—it's about control."

-----Mary Talley Bowden, M.D. 

TO: Montana Governor Greg Gianforte

This is too good not to post here.   There is a growing sense of outrage in Montana.

I’ve been reliably informed that Montana’s governor and lieutenant governor have both seen my posts, so I just wanted to say hi. And since you’re apparently reading, here’s an open invitation. Come do a public interview with me and explain why I’m wrong on corner crossing. Explain why the average Montana hunter should not be able to step from public land to public land without touching private property. Explain who you think public land actually belongs to. Unless, of course, it is easier to hide from this issue, hope it goes away, and avoid answering tough questions from regular hunters who are tired of watching public land become private playgrounds for the well-connected outfitters and landowners. I understand. Politicians usually prefer controlled rooms, softball questions, and friendly audiences. Maybe Montana’s governor is different. Maybe he has a backbone. I guess we’ll find out.

But this issue is not just me making noise on Facebook. Backcountry Hunters & Anglers and the Public Land & Water Access Association have filed a lawsuit in Montana to try to cement the legality of corner crossing and open access to roughly 871,000 acres of corner-locked public land in that state. onX deserves a ton of credit too, because they put real mapping and real money behind this fight and showed there are 8.3 million acres of corner-locked public land across the West, blocked by more than 27,000 land-locking corners. This is not about stealing private land. This is about stealing public land, and whether it only belongs to people with the money, lawyers, outfitters, and political connections to the governor to keep everybody else out. So Governor, Lieutenant Governor, the invitation is open. Come explain your position to regular hunters in public. They vote!

— Stephen Ziegler

Outdoor writer | Owner, DeLong Lures

Let’s look at the landowner argument on corner crossing. They say they are worried people will trespass, wander off the public corner, cut across private land, or use corner crossing as an excuse to violate property rights. Fine. That is a real concern. But if a homeowner in town is worried someone might break into his house, he does not get to block off the whole street and tell everybody else they cannot walk down it. That street is not his.

If somebody trespasses, prosecute them. If somebody damages your property, go after them. But you do not get to block the public from public land because you are worried someone might break the law. I do not get to violate your rights, and you do not get to violate mine. Corner crossing is not about violating property rights. It is about protecting property rights. public land is all of our property and nobody gets to violate our property rights. Public land is not yours just because you own the land beside it just like your neighbors house doesn’t belong to you just because they live next to you.

— Stephen Ziegler

Outdoor writer | Owner, DeLong Lures

Imagine the DRAIN................

The next Congress WILL NOT have...  

Al Green

Jasmine Crockett 

Dan Crenshaw 

Eric Swalwell 

Mitch McConnell

Nancy Pelosi 

Don Bacon 

Jerry Nadler 

Bill Cassidy 

Thomas Massie 

John Cornyn 

It's called draining the swamp.