Archive for May, 2007

• Putin Wants Oil Revenue for Stock Market
  Eddy, May 22nd, 2007 at 10:45 am

  Here’s an unpleasant headline: Putin wants oil revenue to go into Russian stock market President Vladimir Putin urged the Russian government Monday to bolster the [...]

• Earnings Since 2000
  Eddy, May 22nd, 2007 at 9:37 am

  Here’s the S&P 500, along with its earnings, since 2000. The earnings line is in gold and it follows the right scale. The left and [...]

• It’s Official: CBS Snags Wallstrip
  Eddy, May 22nd, 2007 at 9:36 am

• The Hottest Billionaire Heiresses
  Eddy, May 21st, 2007 at 4:17 pm

  Forbes looks at the Hottest Billionaire Heiresses. (Wait a sec. Doesn’t Steve Forbes have five daughters?)

• Close, but No
  Eddy, May 21st, 2007 at 4:03 pm

  The S&P 500 closed today at 1525.10, just shy of the record close of 1527.46. (Hey, we’ve been waiting seven years. What’s a few more [...]

• The Nasdaq Goes Fibonacci
  Eddy, May 21st, 2007 at 1:22 pm

  Brace yourself: The Nasdaq Composite is currently stuck at 2,584. Why is that important? Because it’s a Fibonacci number! (Shaking You Furiously) OK, so why’s [...]

• Shanghai Update
  Eddy, May 21st, 2007 at 1:16 pm

  Speaking of the Chinese market. Remember how everyone panicked where the Shangai market plunged? Measuring from the 9% correction on February 27, the Shangai Composite [...]

• The Stock and Bond Market Part Ways
  Eddy, May 21st, 2007 at 1:09 pm

  As the stock market keeps chugging higher, the bond market is starting to leave it behind. As a very general rule, the bond market leads [...]

• The Blackstone IPO
  Eddy, May 21st, 2007 at 9:54 am

  More details are out about the Blackstone IPO. We already know they snagged BX for a ticker symbol (Eddy’s coolness rating = 8). The company [...]

• The New High Countdown
  Eddy, May 18th, 2007 at 2:59 pm

  The S&P 500 is now within spitting distance of its 2000 high. The index’s closing high was 1,527.46 on March 24, 2000, just 0.11 points [...]

• Looking At the Chrysler Deal
  Eddy, May 18th, 2007 at 10:31 am

  Business Week looks at the math of the Cerberus/Chrysler deal: In fact, Cerberus could conceivably fetch a fat return on its money by doing very [...]

• Illinois Tool Works
  Eddy, May 17th, 2007 at 11:00 am

  Here’s another boring stock with a great long-term track record. Even the name is dull, Illinois Tool Works. But in the last 30 year, Illinois [...]

• Sign of a Top?
  Eddy, May 16th, 2007 at 1:12 pm

  There’s an old saying, “they don’t ring a bell at the top.” But you do see this: A local man who lost his leg in [...]

• The Ron Paul Portfolio
  Eddy, May 16th, 2007 at 12:38 pm

  Well, he invests in what he believes. Gold. Lots and lots of gold.

• AFL-CIO Wants SEC to Make BG’s IPO DOA
  Eddy, May 16th, 2007 at 12:31 pm

  It’s official: Private Equity is the new bad boy. A major U.S. labor group on Wednesday asked market regulators to force changes to an initial [...]

• Citigroup’s Management Committee
  Eddy, May 15th, 2007 at 9:57 am

  Here’s a look at Citigroup’s Management Committee. By my count, there are 110 members. This is essentially Citigroup’s College of Cardinals. I have no idea [...]

• The Bond Market Wants a Cut
  Eddy, May 14th, 2007 at 3:31 pm

  The spread between the 90-day T-bill rate and the Fed Funds rate is now at 55 basis points, which is the widest its been since [...]

• DaimlerChrysler Chronology
  Eddy, May 14th, 2007 at 12:50 pm

  The AP ran this helpful chronology of the DaimlerChrysler takeover: April 12, 1995: Kirk Kerkorian’s Tracinda Corp. makes offer for Chrysler Corp. valuing company at [...]

• Felix Salmon Smacks Down Ben Stein
  Eddy, May 14th, 2007 at 12:43 pm

  This is good. What does Stein mean, for instance, by this? If oil, for example, becomes denominated in euros, the price in dollars rises — [...]

• Wall Strip Sold for $5 Million
  Eddy, May 14th, 2007 at 11:00 am

  Jossip is reporting that CBS is buying Wall Strip for $5 million (via Tech Dirt). Congrats to Howard, Lindsay and everyone on the Wall Strip [...]