Archive for October, 2006

• It was 19 Years Ago Today…
  Eddy, October 19th, 2006 at 7:18 am

  …Sgt. Pepper taught the band to play. Well, not exactly. But it was the day that the stock market crashed. On October 19, 1987, the [...]

• Larry Ellison and the Art of War
  Eddy, October 19th, 2006 at 6:51 am

  In the movie Wall Street, Gordon Gekko tells Bud Fox to bone up on Sun-tzu’s The Art of War (you remember, “every battle is won [...]

• WallStrip.com
  Eddy, October 18th, 2006 at 4:02 pm

  If you haven’t seen it yet, check out WallStrip by Howard Lindzon. It’s sort of a Rocketboom for Wall Street. Herre are the first three [...]

• Burying the Lede
  Eddy, October 18th, 2006 at 11:53 am

  Here’s a perfect example of Old Media missing the real story. This is from a WSJ article about Wal-Mart holding its analyst meeting in New [...]

• Inflationpalooza!
  Eddy, October 18th, 2006 at 9:27 am

  The idea of Core CPI comes in for a lot of ribbing, but today’s report shows why it can be more valuable than the headline [...]

• SEI Investment’s Earnings
  Eddy, October 18th, 2006 at 9:09 am

  SEI Investments (SEIC), our top performer on the Buy List this year, just reported earnings of 60 cents a share for the third quarter. This [...]

• Investment Don’ts
  Eddy, October 17th, 2006 at 2:56 pm

  Steve Wynn recently sold Picasso’s “Le Reve” (pictured above) for $139 million. Art can be a great investment. He bought it nine years ago for [...]

• BBBY’s Back-Dating
  Eddy, October 17th, 2006 at 1:42 pm

  Here’s Jack Ciesielski’s take on Bed Bath & Beyond’s back-dating probe: Lots of other interesting stuff, though. For instance, Wall Street wonders why it takes [...]

• Are Liberal Stocks Better?
  Eddy, October 17th, 2006 at 11:14 am

  Research from Blue Investment Management found that stocks with “Democratic Values” (note large D) significantly outperform the rest of the stock market. The company even [...]

• The Cubs Have Bought the White Sox!
  Eddy, October 17th, 2006 at 9:50 am

  Well, not exactly…but the CME and CBOT are merging: The combined company will be named CME Group Inc., and will be headquartered in Chicago (no [...]

• SEC To Ease Margin Rules
  Eddy, October 16th, 2006 at 10:27 pm

  It’s not often that the SEC does something I like, but this one is long overdue. The SEC is likely to approve the New York [...]

• 300 Million Americans
  Eddy, October 16th, 2006 at 10:43 am

  We’re closing in on the Big Three Oh (oh, oh, oh, oh, oh, oh, oh). Here’s the Census count. The 300 millionth American should arrive [...]

• If the Economy Is In Such Rough Shape…
  Eddy, October 16th, 2006 at 9:58 am

  …how come cyclical stocks are leading the bull? Maybe the market sees something we don’t?

• Wachovia’s Earnings
  Eddy, October 16th, 2006 at 9:23 am

  Wachovia (WB) announced today that its earnings rose 13% to $1.06 a share. Excluding merger costs, the bank earned $1.19 a share which was in [...]

• The Hitch and I
  Eddy, October 15th, 2006 at 9:44 pm

  So I was walking down Connecticut Avenue today, and I spotted a man in a bookstore who looked strangely familiar. I went in and asked, [...]

• Updating CAPM
  Eddy, October 14th, 2006 at 12:23 pm

  William F. Sharpe says that his baby, the Capital Asset Pricing Model, is due for an extreme makeover. I think we ought to pay attention. [...]

• Play the Ultimatum Game
  Eddy, October 14th, 2006 at 6:29 am

  Imagine that you are sitting next to a complete stranger who has been given £10 to share between the two of you. He must choose [...]

• Two Articles of Note
  Eddy, October 13th, 2006 at 1:06 pm

  I saw two articles in the Wall Street Journal that I wanted to pass along. The first is from Susanne Craig who looks at how [...]

• Stock Market Report
  Eddy, October 12th, 2006 at 1:53 pm

  From Monty Python.

• Looking At Executive Pay
  Eddy, October 12th, 2006 at 12:26 pm

  The WSJ has a fascinating story today (sorry, but it’s a paid link) on the history of soaring executive pay: Amid the economic downturn and [...]