Archive for August, 2008

  • Defending Shorts
    , August 22nd, 2008 at 11:42 am

    Doug Kass has an excellent article in the FT defending shorts: Yet short-sellers have served as financial watchdogs, as many of their warnings have been [...]

  • Investors Pulling Out of Russia
    , August 22nd, 2008 at 10:10 am

    In January 1980, the gold market peaked just a few days after the Soviets invaded Afghanistan. Now it looks like the commodities market has again [...]

  • Quote of the Day
    , August 22nd, 2008 at 9:48 am

    From Mr. Buffett: “You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind [...]

  • Random Observation
    , August 19th, 2008 at 1:04 pm

    Is it me or is everyday either a good day for commodities and commodity stocks and a rotten day for financials and value stocks, or [...]

  • Flashback from 1998: NYT: Commodities' Price Slide Victimizes Economies of Several Nations
    , August 19th, 2008 at 11:39 am

    On December 10, 1998, the price for oil reached a low of $10.72 a barrel. That was the lowest price since 1986, and it turns [...]

  • Flashback from 1998: NYT: Commodities’ Price Slide Victimizes Economies of Several Nations
    , August 19th, 2008 at 11:39 am

    On December 10, 1998, the price for oil reached a low of $10.72 a barrel. That was the lowest price since 1986, and it turns [...]

  • Medtronic Earns 72 Cents a Share
    , August 19th, 2008 at 9:54 am

    This morning, Medtronic (MDT) posted adjusted fiscal first-quarter earnings of 72 cents a share which topped Wall Street’s forecast of 69 cents a share. For [...]

  • PPI Rises at Fastest Rate Since 1981
    , August 19th, 2008 at 9:29 am

    Ah, it seems like old times. Not only is the Cold War coming back, but today’s report on producer prices indicates that wholesale inflation is [...]

  • More Troubles on Wall Street
    , August 18th, 2008 at 2:07 pm

    Part 1: Part 2: Part 3: From Equity Private.

  • From the Halls of Academia
    , August 18th, 2008 at 1:50 pm

    Finally! A New Value-Weighted Total Return Index for the Finnish Stock Market 1912-1969

  • JNJ Hits New High
    , August 18th, 2008 at 1:11 pm

    I really like the stock of Johnson & Johnson (JNJ). Few companies have been as stable long-term winners as JNJ. A few months ago, I [...]

  • The Nasdaq Lauches for New Indexes
    , August 18th, 2008 at 11:42 am

    The Nasdaq has announced that it’s launching four new indexes; biotech, coal, steel and precious metals. If anyone needs me, I’ll be shorting biotech, coal, [...]

  • The Plunge of Gold Continues
    , August 18th, 2008 at 11:20 am

    A few weeks ago, I wrote about the recent peak in gold prices and said that we’re never quite sure if we’re in a bubble [...]

  • A 400,000% Return
    , August 18th, 2008 at 11:06 am

    Floyd Norris asks, “Has a Penny Stock Become a Big Company?” In my opinion, the short answer is no. If any company is serious about [...]

  • Inflation at 17-Year High
    , August 14th, 2008 at 4:09 pm

    Ugh. Inflation reached a 17-year high last month, fueled by high gasoline and food prices, all but assuring that the Federal Reserve will keep interest [...]

  • Stat of the Day
    , August 13th, 2008 at 6:42 pm

    From its peak in 1980, if the price of gold had kept pace with total return of the Wilshire 5000, today gold would be worth [...]

  • When All the Small Things Includes Your Portfolio
    , August 12th, 2008 at 4:25 pm

    He lost It all So screwed he is Oh no! Must tour A-gain Ha Ha Dumb Ass Say it ain’t so Where did it go [...]

  • A Very Short Post
    , August 12th, 2008 at 12:06 pm

    I’d really like to buy T. Rowe Price (TROW) but I think it’s about $10 too expensive here. Pretty sweet chart tho.

  • Sysco's Earnings
    , August 12th, 2008 at 11:17 am

    In terms of relative performance, these have been great times for the Buy List. Yesterday, Sysco (SYY) added 4% on good earnings news. Typically, this [...]

  • Sysco’s Earnings
    , August 12th, 2008 at 11:17 am

    In terms of relative performance, these have been great times for the Buy List. Yesterday, Sysco (SYY) added 4% on good earnings news. Typically, this [...]