Archive for February, 2007

  • Patrick Byrne and Movie References
    , February 28th, 2007 at 4:00 pm

    Overstock’s CEO, Patrick Byrne has already refered to one short-seller as the “Sith Lord.” Apparently, he’s working his way through his NetFlix queue. Here is [...]

  • Gold Drops $14.70 an Ounce
    , February 28th, 2007 at 2:31 pm

    April gold futures dropped $14.70 an ounce today. At one point, gold was down over $23 an ounce. This is good news that money is [...]

  • Goldman’s Hybrid Limousines
    , February 28th, 2007 at 1:49 pm

    From a New York Times article on the TXU deal: People involved in the negotiations said that Goldman Sachs, an adviser and lender to the [...]

  • The Mortgage Lender Implode-O-Meter
    , February 28th, 2007 at 12:33 pm

    What a great idea for a Web site: Latest count of major US mortgage lenders that have croaked since late 2006: 27

  • U.S. Dollar Drops Against Counterfeit U.S. Dollar
    , February 28th, 2007 at 12:22 pm

    The Onion is on the scene: NEW YORK—At the close of trading Monday, the U.S. dollar dipped to a record low of $.60 against the [...]

  • Wall Street Through the Looking Glass
    , February 28th, 2007 at 11:49 am

    One more word about yesterday: The sell-off was not caused by a computer glitch. The sell-off was already happening. The glitch was in the accurate [...]

  • What’s Happening to Goldman’s China Goldmine?
    , February 28th, 2007 at 11:06 am

    Shares of Goldman Sachs (GS) were whacked especially hard yesterday. I noted that it was the eighth-worst performing stock in the entire S&P 500. The [...]

  • Today’s GDP Revision
    , February 28th, 2007 at 10:19 am

    The government updated its fourth-quarter GDP report today. Instead of growing by 3.5%, it turns out that the economy only grew by 2.2%. That’s the [...]

  • Boo Hoo!
    , February 28th, 2007 at 7:36 am

    Oh, boo hoo, people! You think this is crash? Please, this ain’t no crash. We’ve become so used to no volatility, we forgot what a [...]

  • Today’s S&P 500
    , February 27th, 2007 at 11:18 pm

    Here’s a spreadsheet detailing the performance of every stock in the S&P 500 today. Goldman Sachs (GS) fell 6.65%, making it the eighth-worst performing stock [...]

  • CNBC from 2:59 to 3:04
    , February 27th, 2007 at 8:38 pm

    Watch as the CNBC crew reacts to the Dow’s plunge. Or rather, reacting to the NYSE’s computers catching up to the Dow’s plunge.

  • -416.02
    , February 27th, 2007 at 6:21 pm

    I’m currently writing to you from the ledge of the 87th Floor of the Crossing Wall Street Tower. The good news is that this is [...]

  • The Importance of Rounding
    , February 27th, 2007 at 11:32 am

    This abstract wants to look at the impact that numerical rounding used in economic reports has on the markets. This may yield some interesting results. [...]

  • Greenspan Warns Redux
    , February 27th, 2007 at 9:46 am

    Poor, Alan. He just can’t keep still these days. Now he’s causing trouble in China. The former Fed head spoke at a conference in Hong [...]

  • Harley-Davidson Lowers Its 2007 Outlook
    , February 27th, 2007 at 9:23 am

    Due to the strike, Harley-Davidson (HOG) is lowering its outlook for this year: The company said it now expects earnings growth of 4 percent to [...]

  • James Simons on C-Span
    , February 26th, 2007 at 2:38 pm

    Here’s a clip of James Simons, the legendary hedge fund manager, at yesterday’s National Governors Association’s Winter Meeting. Simons is a former math professor and [...]

  • Fed on Hold for all of 2007
    , February 26th, 2007 at 10:57 am

    A new survey of economists shows that the Fed will stay on hold for much of the year. The National Association for Business Economics finds [...]

  • Giuliani Takes the Lead
    , February 25th, 2007 at 4:40 pm

    At Tradesports, the “futures” prices for Rudy Giuliani to win the GOP Presidential nomination just surpassed those of John McCain. Still, the futures market indicates [...]

  • Snow in DC
    , February 25th, 2007 at 4:30 pm

  • A Euphemist Takes a Bow
    , February 25th, 2007 at 3:26 pm

    From the vaults of The New York Times: A EUPHEMIST TAKES A BOW October 21, 1981 The Reagan Administration’s fiscal euphemist has been run to [...]

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