March 11, 2009

A Little Comic Relief

Oddly, I’ve been watching a few of CNBC’s stock market shows lately. I guess I’ve been curious how they’ve been touting stocks in this downturn and it’s been comic relief. And the recent feud between Jon Stewart and Jim Cramer has been absolutely hilarous – and coming to a head tomorrow when Jim appears on “The Daily Show.”

One of the delightful surprises was catching one of my advisors, Frank Aquila of Sullivan & Cromwell, on “Fast Money” Monday night (here is a video archive of it). Apparently Frank is a regular guest and he was great riffing on the state of M&A.

His shining moment was dealing with one of the host’s awkward statements that more deals tended to happen during the proxy season as she seemed to be confused about cause and effect. Frank didn’t show her up for her inartful statement (she probably meant that if companies were going to run slates they would have to be going forward right now).

Anyways, I think I’ve gotten CNBC out of my system. Fun while it lasted…