Archive for June, 2008

  • From Another Credit Crunch
    , June 24th, 2008 at 11:54 am

    The New York Times from November 1991: Is the credit crunch real? Are banks denying creditworthy businesses the loans they need to invest the economy [...]

  • Have Lunch With Warren Buffett
    , June 24th, 2008 at 11:42 am

    For charity, you can have lunch with Warren Buffett. The current bid on eBay is $77,100. That’s less than two-thirds of one Berkshire share.

  • Junk Default Recoveries Maybe Lower Than Usual
    , June 24th, 2008 at 10:31 am

    I’ve been surprised by the wide yield spread between low-risk bonds and high-risk bonds. Just look at the downward drift of Vanguard’s High-Yield Corporate Bond [...]

  • Goldman Admits It Goofed
    , June 24th, 2008 at 9:34 am

    You don’t find the word “goofed” in many financial headlines, especially ones dealing with Goldman Sachs, but Reuters has the goods: Goldman cuts financials, admits [...]

  • UNH Under $27
    , June 23rd, 2008 at 3:07 pm

    Unitedhealth Group (UNH) got down to $26.35 today. That’s the lowest price in over four years. The company said that it expects earnings this year [...]

  • Aussie Power Crisis Leads to Flat Beer
    , June 23rd, 2008 at 2:40 pm

    Talk about globalization. Thanks to demand from China, a town in Australia is booming. That is, until an explosion cut off natural gas supplies. Hotels [...]

  • Buy! Buy! Buy! Wait, I Never Said Buy.
    , June 23rd, 2008 at 2:11 pm

    Oh Jim. (Via Felix via the tireless Don Harrold)

  • Market Failure Versus Government Failure
    , June 23rd, 2008 at 1:57 pm

    Here’s an interesting article from the Washington Post looking at the government’s ability to handle market failures. “How well does government do in helping the [...]

  • RIP: George Carlin
    , June 23rd, 2008 at 1:38 am

  • Nasdaq Composite and Long-Term Support
    , June 20th, 2008 at 11:03 am

    I’m not much of a market technician, but I’m passing along this chart because the time period is so long. In March, the Nasdaq came [...]

  • Doomsdays Past and Present
    , June 19th, 2008 at 4:33 pm

    RBS issues global stock and credit crash alert The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock [...]

  • Krugman Misled America!!
    , June 19th, 2008 at 2:48 pm

    Five years ago, Paul Krugman wrote: The big rise in the stock market is definitely telling us something. Bulls think it says the economy is [...]

  • Oil Prices Through the Years
    , June 18th, 2008 at 2:55 pm

    Here’s a cool chart from Forbes showing the price of oil since 1861. (Via: Kedrosky)

  • Oopsie!
    , June 18th, 2008 at 1:06 pm

    From Bloomberg: Morgan Stanley suspended a credit trader and disclosed a $120 million “negative adjustment” related to erroneous valuations of his positions, Chief Financial Officer [...]

  • Was the Idea for Facebook Stolen?
    , June 18th, 2008 at 12:45 pm

    In Rolling Stone, Claire Hoffman takes a 6,300-word look at “The Battle For Facebook:” In a lawsuit one judge describes as a “blood feud,” three [...]

  • RBS Predicts Gloom Followed By Doom
    , June 18th, 2008 at 10:10 am

    From the Telegraph: The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the [...]

  • Questar (STR)
    , June 17th, 2008 at 1:02 pm

    I’ll never understand why a company with a cool name like Mountain Fuel Supply Company would want to change its name to the horribly ugly [...]

  • FactSet's Earnings
    , June 17th, 2008 at 10:37 am

    Very strong earnings report today from FactSet Research Systems (FDS). Sales and net income both rose 22%. Earnings-per-share came in at 65 cents, two cents [...]

  • FactSet’s Earnings
    , June 17th, 2008 at 10:37 am

    Very strong earnings report today from FactSet Research Systems (FDS). Sales and net income both rose 22%. Earnings-per-share came in at 65 cents, two cents [...]

  • Hedge Fund Manager Still Alive, Fund Not So Much
    , June 17th, 2008 at 10:12 am

    The U.S. Marshals say that Samuel Israel III did NOT leap to his death after writing “suicide is painless” on the hood of his car. [...]