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Is Iceland the New Bear Stearns?   Extra Credit, Wednesday Edition
Apr 1 2008 10:25PM EDT

Felix Salmon, Stock Picker

This is kinda funny. Some site called SocialPicks seems to have determined that I'm a stock picker, and that this post in particular constituted a sell recommendation on Lehman Brothers. Since Lehman's gone up since then, my "All-time Return" is -52.23% to date.

Of course, I'm not a stock picker. But even if I were, how could that post be construed as being bearish? The headline is "Lehman Will Survive", and here's the conclusion:

I'm calling for Lehman to survive this crisis. And that which doesn't kill Lehman Brothers, as we saw in 1998, has a tendency to make it stronger.

I'm glad that "Nobody is following Felix Salmon" so far. If they were, and they read my posts the same way that SocialPicks does, they'd've lost half their money already.

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