Archive for October, 2008

• The 28th Amendment
  Eddy, October 31st, 2008 at 10:43 pm

  How large should a representative assembly be relative to its population? My idea is that it should be the pi root of the population. I [...]

• Voting During a Recession
  Eddy, October 31st, 2008 at 9:53 pm

  This will be the first time Americans will be voting for president during a recession in 48 years. The National Bureau of Economic Research hasn’t [...]

• The Nouriel Roubini Halloween Facemask
  Eddy, October 31st, 2008 at 12:46 pm

  Be afraid. Be very afraid.

• Charlie Gasparino Gets Philosophical…I Think
  Eddy, October 30th, 2008 at 8:44 pm

• The First Trading Day of the Month
  Eddy, October 30th, 2008 at 7:59 pm

  As we get set for the weekend, I’ll remind you the first trading day of the month has performed very well. Over the last 13 [...]

• Slowest Eight-Year Economic Growth Rate in 50 Years
  Eddy, October 30th, 2008 at 1:03 pm

  With today’s third-quarter GDP report, the trailing 32-quarter GDP growth rate is 19.1% which is annualized at 2.2%. That’s the lowest since the quarterly records [...]

• Headlines You Don't See
  Eddy, October 30th, 2008 at 12:55 pm

  Market Watch Reports: Exxon Mobil breaks record with $14.8 billion profit Or another way of phrasing it: Exxon Mobil breaks record with $11.3 billion tax [...]

• Headlines You Don’t See
  Eddy, October 30th, 2008 at 12:55 pm

  Market Watch Reports: Exxon Mobil breaks record with $14.8 billion profit Or another way of phrasing it: Exxon Mobil breaks record with $11.3 billion tax [...]

• Bear Market Rallies
  Eddy, October 29th, 2008 at 11:15 am

  Since the market broke one year ago, the Dow hasn’t been able to sustain one single bear market rally. The largest so far was an [...]

• WR Berkley and Fiserv’s Earnings
  Eddy, October 29th, 2008 at 8:55 am

  I have two recent earnings reports to pass along: WR Berkley (WRB) yesterday reported third-quarter operating earnings of 73 cents a share. That was two [...]

• +889.35
  Eddy, October 28th, 2008 at 9:21 pm

  Today was the sixth-best day ever for the Dow. The fifth-best day came just two weeks ago yesterday. You know you’re in a different environment [...]

• The Dow to S&P Ratio
  Eddy, October 28th, 2008 at 3:00 pm

  Leaving aside arguments over price-weighted indexes, the Dow has recently been doing better—or rather—falling slightly less dramatically than the S&P 500. The two indexes generally [...]

• The Dow to S&P Ratio
  Eddy, October 28th, 2008 at 3:00 pm

  Leaving aside arguments over price-weighted indexes, the Dow has recently been doing better—or rather—falling slightly less dramatically than the S&P 500. The two indexes generally [...]

• Consumer Confidence Plunges to Record Low
  Eddy, October 28th, 2008 at 12:13 pm

  Consumer confidence is now at the lowest reading since the survey started in 1967: The survey’s “confidence index” fell to 38 in October, down from [...]

• Iceland Goes Full Volcker
  Eddy, October 28th, 2008 at 11:52 am

  The Icelandic Fed, and yes, there is such a thing, just raised interest rates to 18%. Iceland’s central bank has raised its key interest rate [...]

• Goldman Was Considering Merging with Citi
  Eddy, October 27th, 2008 at 10:58 am

  This is just frightening: Goldman Sachs CEO Lloyd Blankfein called Vikram Pandit, his Citigroup counterpart, last month to discuss a merger, in a dramatic example [...]

• What's America's Most Overrated Product
  Eddy, October 25th, 2008 at 11:03 am

  Mart Nemko argues it’s the bachelor’s degree: Today, amazingly, a majority of the students whom colleges admit are grossly underprepared. Only 23 percent of the [...]

• What’s America’s Most Overrated Product
  Eddy, October 25th, 2008 at 11:03 am

  Mart Nemko argues it’s the bachelor’s degree: Today, amazingly, a majority of the students whom colleges admit are grossly underprepared. Only 23 percent of the [...]

• The S&P 500’s Real Capital Gain
  Eddy, October 24th, 2008 at 9:10 pm

  The S&P 500 reached a cyclical high on February 9, 1966 at 94.06. With today’s close of 876.77, that’s a gain of 832.14%. Let’s look [...]

• The S&P 500’s Real Capital Gain
  Eddy, October 24th, 2008 at 9:10 pm

  The S&P 500 reached a cyclical high on February 9, 1966 at 94.06. With today’s close of 876.77, that’s a gain of 832.14%. Let’s look [...]