Archive for April, 2008

  • Another 25 Points
    , April 30th, 2008 at 2:24 pm

    The Fed cuts. Here’s their statement: The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points [...]

  • Apparantly Short Sellers Are the New Terrorists
    , April 30th, 2008 at 12:33 pm

    From the NYT: In the days when square-rigged galleons plied the spice route to the East, the Dutch outlawed a band of rebels that they [...]

  • An Investing Lesson
    , April 30th, 2008 at 11:56 am

    Consider these recent headlines. Munich Re confirms Warren Buffett holds stake in co Buffett, Seeking Acquisitions, to Travel to Europe Mars, Buffett buying Wrigley for [...]

  • What If Bernanke Is Winning?
    , April 30th, 2008 at 10:57 am

    Here’s a scary thought. What if Ben Bernanke has been doing the right thing? Not only did GDP come in positive for the month, but [...]

  • The Economy Grew But Just Barely
    , April 30th, 2008 at 8:41 am

    First-quarter GDP came in at +0.6%. That’s not a lot, but it is positive. Naturally, this number will be subject to several revisions and re-revisions [...]

  • Even Buffett Isn't Perfect
    , April 30th, 2008 at 8:23 am

    Author Vahan Janjigian claims that even Warren Buffett isn’t perfect in his new book, Even Buffett Isn’t Perfect. David Kansas writes: And there have been [...]

  • Even Buffett Isn’t Perfect
    , April 30th, 2008 at 8:23 am

    Author Vahan Janjigian claims that even Warren Buffett isn’t perfect in his new book, Even Buffett Isn’t Perfect. David Kansas writes: And there have been [...]

  • RIP: Albert Hofmann
    , April 30th, 2008 at 7:07 am

    Albert Hofmann, the inventor of LSD, has died at the age of 102. The story of the development of drugs, legal and illegal, is one [...]

  • Crossing Wall Street: It's Like Reading Tomorrow's Newspaper Today
    , April 29th, 2008 at 7:27 pm

    After the bell, SPSS (SPSS) reported earnings of 51 cents a share. This caught everyone off-guard since Wall Street’s consensus was for 44 cents a [...]

  • Crossing Wall Street: It’s Like Reading Tomorrow’s Newspaper Today
    , April 29th, 2008 at 7:27 pm

    After the bell, SPSS (SPSS) reported earnings of 51 cents a share. This caught everyone off-guard since Wall Street’s consensus was for 44 cents a [...]

  • The Decline and Fall of Financials
    , April 29th, 2008 at 2:55 pm

    Look at the stunning decline in the S&P 500 Financial Index (^SPSY). Notice how the line went from being somewhat smooth to being extremely jagged. [...]

  • One and Done
    , April 29th, 2008 at 1:43 pm

    The Fed meets again today and tomorrow. According to the futures market, there’s about a 70% chance that the Fed will cut by 25 basis [...]

  • Volcker at the Fed
    , April 29th, 2008 at 12:47 pm

    Megan McArdle has a smart post on her choice for the most underrated and overrated presidents of the 20th century. She says that Jimmy Carter’s [...]

  • Investors Are Basically Crazy
    , April 29th, 2008 at 11:06 am

    I’m a bit skeptical of this, but I’ll pass this along from the Genetic Engineering & Biotechnology News website (I know, like you don’t have [...]

  • Markets In Everything
    , April 29th, 2008 at 8:57 am

    From Bloomberg: A pair of dinosaur turds, about 140 million years old, will go on the block tomorrow at Bonhams in New York. The rusty-brown [...]

  • Making Millions in Milliseconds
    , April 29th, 2008 at 12:22 am

    This seems pretty cool, which probably means that I’m not all that cool. At UVA, Professor Stefano Grazioli has an investing tournament at the end [...]

  • Intrade on the Electoral College
    , April 28th, 2008 at 10:47 pm

    I went to Intrade to see the latest results on outcome for each state’s vote in the electoral college. The table below shows each state, [...]

  • Looking at High-Yield Bonds
    , April 28th, 2008 at 3:30 pm

    Thanks to the credit crunch, the market for high-yield bonds is in the toilet. For example, I called Vanguard to see what the yield is [...]

  • Golman Sachs' Top 10 Stocks to Benefit from Rebate Checks
    , April 28th, 2008 at 12:50 pm

    Drum roll please: Cheesecake Factory Best Buy Darden Restaurants Home Depot JC Penney Kroger Kohls Royal Caribbean Safeway Wal-Mart Eh, call me unconvinced. I think [...]

  • Golman Sachs’ Top 10 Stocks to Benefit from Rebate Checks
    , April 28th, 2008 at 12:50 pm

    Drum roll please: Cheesecake Factory Best Buy Darden Restaurants Home Depot JC Penney Kroger Kohls Royal Caribbean Safeway Wal-Mart Eh, call me unconvinced. I think [...]

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