Archive for July, 2008

  • Bush: “Wall Street Got Drunk”
    , July 23rd, 2008 at 8:51 am

    President Bush was recorded as saying, “There’s no question about it. Wall Street got drunk, that’s one of the reasons I asked you to turn [...]

  • Flip a Coin, Get a Job
    , July 22nd, 2008 at 10:27 pm

    Guest blogging at Paul Kedrosky’s crib, Joseph Weisenthal spots this ad from a hedgie joint on San Francisco’s Craig’s List. The final requirements are: 1) [...]

  • The S&P Financial Index Divided by the S&P 500
    , July 22nd, 2008 at 9:43 pm

    Here’s an interesting chart. This shows the S&P Financial Index (^SPSY) divided by the S&P 500: There are three major low points. The first is [...]

  • The S&P Financial Index Divided by the S&P 500
    , July 22nd, 2008 at 9:43 pm

    Here’s an interesting chart. This shows the S&P Financial Index (^SPSY) divided by the S&P 500: There are three major low points. The first is [...]

  • Headline of the Day
    , July 22nd, 2008 at 2:06 pm

    UnitedHealth earnings fall 73%, but shares jump It’s true. UnitedHealth (UNH) reported earnings of $337 million, down from $1.22 billion for last year’s Q2. On [...]

  • Bernanke Warns
    , July 21st, 2008 at 7:06 pm

    All from last week: Bernanke warns of serious risk to growth Bernanke warns of continued inflation threat Bernanke warns of twin risks Bernanke warns of [...]

  • Thursday’s Earnings
    , July 21st, 2008 at 3:12 pm

    Four of our Buy List stocks reported earnings last Thursday, and overall, it was a pretty good showing. Amphenol (APH) reported earnings of 61 cents [...]

  • CNBC Admits to Being a Closet Porn Channel
    , July 21st, 2008 at 2:29 pm

    Well, I exaggerate. Slightly. Here’s CNBC’s Managing Editor Allen Wastler’s post, “Do You Need Bikinis with Business News?” You can probably guess what his answer [...]

  • Return of the Hemline Theory
    , July 21st, 2008 at 10:07 am

    Suzy Menkes writes that of course the stock market is down. That should have been obvious to anyone watching hemlines. Fashion is always a mirror [...]

  • Williams Girl Makes Good
    , July 21st, 2008 at 9:52 am

    The New York Times profiles Erin Burnett: Every rising star needs a narrative, and Ms. Burnett believes hers is about taking risks. After graduating from [...]

  • First They Came for the Foot Masseuses
    , July 21st, 2008 at 9:20 am

    Virginia Postrel found this article on the State of California’s bizarre campaign to crack down on…foot masseuses: The popularity of foot massage has risen as [...]

  • Starbucks Closings
    , July 18th, 2008 at 3:53 am

    Starbucks released its list of 600 stores that are planned to be closed by early next year. My condolences to all the caffeine addicts out [...]

  • A Little Perspective
    , July 18th, 2008 at 3:21 am

  • Best Day Ever
    , July 17th, 2008 at 5:22 pm

    I’ll have more on this later, but today was the best day ever for our Buy List relative to the market. The Buy List gained [...]

  • Department of Not Getting Markets
    , July 17th, 2008 at 3:10 pm

    From a Bloomberg article titled: Pakistani Investors Stone Exchange as Stocks Plunge. “We demand that all stock prices be frozen at current levels.” Now why [...]

  • Markets in Everything
    , July 17th, 2008 at 2:05 pm

    At Intrade, Senator Obama’s contract to win the presidency is up to 66.1 and McCain’s is at 29.8. But here’s the noteworthy part. Hillary’s contract [...]

  • Danaher and Math
    , July 17th, 2008 at 1:03 pm

    Maybe I’m missing something, but I’m going through Danaher’s (DHR) earnings report and the numbers don’t add up. For the second quarter, the company earned [...]

  • Banking Index +22%
    , July 16th, 2008 at 5:41 pm

    The S&P Banking Index (^BIX) jumped 22% today. That’s not one stock; that’s the entire index!

  • Is it Time to Raise Rates?
    , July 16th, 2008 at 1:19 pm

    Megan McArdle says yes. Today’s inflation report shows that consumer prices rose by 1.1% last month which is the largest jump in 26 years. For [...]

  • Buy List Earnings
    , July 16th, 2008 at 10:13 am

    The next few days will be busy for a few stocks on our Buy List. Here are some upcoming earnings dates and Wall Street’s current [...]