Archive for June, 2008

  • The Buy List’s Mid-Year Report
    , June 30th, 2008 at 9:53 pm

    Ugh, we choked at the last minute! Going into today, the Crossing Wall Street Buy List had a comfortable lead over the S&P 500. But [...]

  • Let's Hear It for Round Numbers
    , June 30th, 2008 at 4:29 pm

    The Dow closed today at 11,350.01 and the S&P 500 closed at 1280.00.

  • Let’s Hear It for Round Numbers
    , June 30th, 2008 at 4:29 pm

    The Dow closed today at 11,350.01 and the S&P 500 closed at 1280.00.

  • The Oil Boom Comes to Beverly Hills
    , June 30th, 2008 at 1:10 pm

    This is news to me. There are oil wells in Beverly Hills! “In the Middle East you might have 300 barrels of oil per cubic [...]

  • Worst June Since the Depression
    , June 30th, 2008 at 12:02 pm

    Who’s ready for this June to end? Count me in! This looks to be the worst June for stocks in 78 years. Here are the [...]

  • Behavioral Economics
    , June 30th, 2008 at 11:53 am

    If you want to read a long (and I mean looong) article on behavioral economics, then I suggest this 10,000-word opus by Alan Wolfe for [...]

  • Feed Update
    , June 30th, 2008 at 11:21 am

    Notice: Crossing Wall Street is a-switching over to FeedBurner. Please update your Interweb machines accordingly. The new RSS feed address is http://feeds.feedburner.com/Crossingwallstreet

  • How Darwin won the evolution race
    , June 27th, 2008 at 11:09 pm

    Robin McKie writing in the Observer: In early 1858, on Ternate in Malaysia, a young specimen collector was tracking the island’s elusive birds of paradise [...]

  • Toward a Transparent Financial System
    , June 27th, 2008 at 11:40 am

    Vikram Pandit writes in today’s WSJ: In recent dysfunctional markets, we have seen different accounting standards applied that were based on an institution’s form and [...]

  • Deconstructing the Dow
    , June 27th, 2008 at 7:13 am

    Here’s you scary stat for the day. GM’s book value is -$72.50 per share. Going by the Dow’s current divisor, that means GM’s is worth [...]

  • Bed Bath & Beyond Earns 30 Cents a Share
    , June 27th, 2008 at 12:13 am

    Yesterday, Bed Bath & Beyond (BBBY) reported first-quarter earnings of 30 cents a share, three cents better than Street estimates. The first quarter (March, April [...]

  • Bed Bath & Beyond Earns 30 Cents a Share
    , June 27th, 2008 at 12:13 am

    Yesterday, Bed Bath & Beyond (BBBY) reported first-quarter earnings of 30 cents a share, three cents better than Street estimates. The first quarter (March, April [...]

  • The Constitution Stirs
    , June 26th, 2008 at 5:17 pm

    Finally. I live right by one of the largest police stations in DC, yet there was an armed robbery directly across the street a few [...]

  • The Dow is Now Down for the Millennium
    , June 26th, 2008 at 3:47 pm

    The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12. [...]

  • GM Hits a 34-Year Low
    , June 26th, 2008 at 10:15 am

    Goldman cuts General Motors (GM) to Sell. The stock is down over 11% today. Update: Make that a 53-year low.

  • First-Quarter GDP Revised Higher
    , June 26th, 2008 at 9:45 am

    The government slightly raised its estimate of first-quarter GDP growth from 0.9% to 1.0%. The figure was initially reported in April at an anemic 0.6 [...]

  • Count De Monet
    , June 25th, 2008 at 4:21 pm

    At Christie’s, they were looking to sell Monet’s “Le Bassin aux Nymphéas” (above) for $36 million to $47 million. The winning bid was for $80.4 [...]

  • No Change
    , June 25th, 2008 at 2:15 pm

    Here’s the Fed’s latest statement: The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Recent [...]

  • Quote of the Day
    , June 25th, 2008 at 10:16 am

    The Oracle of Omaha speaks: Warren Buffett is in Toronto, fielding questions from a crowd of 300 executives. One asks what makes people want to [...]

  • Why Soccer Will Never Be Really Big Here
    , June 24th, 2008 at 2:39 pm

    I just looked at the numbers of the Euro 2008 tournament. So far, there have been 28 games. The team that scores first has gone [...]

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