Archive for February, 2008

• A Look at Government Spending
  Eddy, February 29th, 2008 at 11:52 pm

  Each year, the Congressional Budget Office releases its report on the federal budget which also includes historical stats. What I find interesting is that over [...]

• After Hours: Mississippi John Hurt
  Eddy, February 29th, 2008 at 6:04 pm

• Proxy Battle at the NYT
  Eddy, February 29th, 2008 at 1:27 pm

  Get ready folks. Looks like there’s some ol fashioned proxy wrastlin’ brewing down yonder at the NYT: A dissident investor stepped up pressure on The [...]

• Natural Born Presidents
  Eddy, February 29th, 2008 at 11:07 am

  One of the sillier parts of our Constitution is that only natural born citizens can become president. The New York Times reports that this could [...]

• California Housing Market
  Eddy, February 29th, 2008 at 10:47 am

  I have some bad news for California homeowners. The median price of a home in the San Fernando Valley has fallen 25%, from $655,000 to [...]

• Leap Day
  Eddy, February 29th, 2008 at 10:39 am

  The market is having a lousy day today, but historically, Leap Day has been one of the better market days. A few months ago, I [...]

• Indexed
  Eddy, February 28th, 2008 at 4:35 pm

  Jessica Hagy’s Indexed blog is very cute. She has a book out as well. (Hat Tip: Barry Ritholtz)

• More Lousy GDP Numbers
  Eddy, February 28th, 2008 at 11:15 am

  The revised GDP report came out today and it showed 0.6% growth for the fourth quarter, which was the same as the initial report. “The [...]

• Bernanke Warns
  Eddy, February 27th, 2008 at 2:37 pm

  My favorite headline is back in the news today. Fed’s Bernanke warns of more economic trouble Bernanke Warns of Worsening Economy Bernanke warns of sluggish [...]

• The 90-Day Treasury Is Below 2%
  Eddy, February 27th, 2008 at 2:34 pm

  Ben’s testimony worked! The yield on the 90-day T-Bill has slipped below 2% again. Six months ago, the yield was close to 5%.

• RIP: William F. Buckley
  Eddy, February 27th, 2008 at 11:48 am

  From the New York Times: William F. Buckley Jr., who marshaled polysyllabic exuberance, famously arched eyebrows and a refined, perspicacious mind to elevate conservatism to [...]

• The Dollar Falls to $1.50 Against the Euro
  Eddy, February 27th, 2008 at 10:08 am

  Ben Bernanke is speaking again today on Capitol Hill. This is the start of his big semi-annual testimony before the House and Senate. I’ve gone [...]

• Donaldson Raises Forecasts Again
  Eddy, February 26th, 2008 at 10:32 am

  Donaldson (DCI) reported earnings yesterday of 42 cents a share which was in line with forecasts. I was surprised to see the stock trading lower [...]

• Losing $100 Million a Day
  Eddy, February 26th, 2008 at 9:49 am

  The Wall Street Journal reports that traders at Citigroup lost over $100 million a day on 15 separate occasions last year. “I think that the [...]

• The End of the Small-Cap Cycle?
  Eddy, February 25th, 2008 at 3:04 pm

  One of the market anomalies that can’t be easily explained by the Efficient Market Hypothesis is the out-performance of small-cap stocks. Still, I’m not much [...]

• More on Momentum Stocks
  Eddy, February 25th, 2008 at 11:56 am

  I’m afraid I’m becoming a momentum stock bore on this site, but it’s a subject that continually amazes me. The London Business School has done [...]

• Great Moments in Public Relations
  Eddy, February 25th, 2008 at 10:51 am

  “I’m fairly confident that we’re not going to do anything stupid. We have a history of not doing anything stupid.” Angelo Mozilo, CEO of Countrywide [...]

• Junk-Grade Fed?
  Eddy, February 25th, 2008 at 10:06 am

  Here’s an interesting editorial today from the New York Sun: What caught our eye in the markets last week was the verdict by Grant’s Interest [...]

• After Hours: The Carter Family – Are You Lonesome Tonight
  Eddy, February 22nd, 2008 at 5:14 pm

• Hacking For Profits
  Eddy, February 22nd, 2008 at 11:26 am

  Here’s a strange story. In October, Oleksandr Dorozhko hacked into IMS Health’s computers to get inside information which he used to load up on puts [...]