Archive for December, 2008

• The 2009 Buy List
  Eddy, December 31st, 2008 at 6:22 pm

  Here’s my 2009 Buy List. For tracking purposes, I assume it’s a $1,000,000 portfolio and each position is worth $50,000. Here’s each stock, ticker, starting [...]

• The 2008 Buy List
  Eddy, December 31st, 2008 at 5:33 pm

  The 2008 trading year has come to a close. Overall, it was an awful year for stocks. The S&P 500 lost 38.49%, making it the [...]

• Dow to S&P 500 Ratio
  Eddy, December 31st, 2008 at 2:24 pm

  After breaking 10 for the first time in decades, the Dow to S&P 500 ratio has backed off slightly. I wonder if that could have [...]

• Dow to S&P 500 Ratio
  Eddy, December 31st, 2008 at 2:24 pm

  After breaking 10 for the first time in decades, the Dow to S&P 500 ratio has backed off slightly. I wonder if that could have [...]

• Is the Storm Passing?
  Eddy, December 31st, 2008 at 12:03 pm

  It’s too early to say but if all holds up, the VIX will close below 40 for the first time in three months.

• Six Degrees of Madoff
  Eddy, December 30th, 2008 at 12:21 pm

  Bernie’s latest victim, Kevin Bacon. We’d heard that along with Hollywood boldfacers Jeffrey Katzenberg and Steven Spielberg, Bacon and his wife, Kyra Sedgwick, lost money [...]

• What are the Chances of a Depression in 2009?
  Eddy, December 30th, 2008 at 12:15 pm

  Intrade says it’s up to 30%. For their purposes a “depression is defined as a cumulative decline in GDP of more than 10.0% over four [...]

• Looking at Low Valuations
  Eddy, December 30th, 2008 at 11:27 am

  I want to show you the dramatic collapse in stock valuations by taking a close look at Pfizer (PFE), the drug company. I’m not recommending [...]

• Gazprom Is Feeling the Pain
  Eddy, December 30th, 2008 at 10:29 am

  Gazprom, the Russian energy giant, has fallen on hard times. The plunge in commodity prices has caused the company’s stock price to fallen by 76%. [...]

• Is Social Security a Ponzi Scheme?
  Eddy, December 29th, 2008 at 2:23 pm

  Jim Cramer says it is. “To everybody in the press, who’s calling Bernie Madoff’s alleged $50 billion scam the ‘largest Ponzi scheme ever,’ I say [...]

• The Danger of Models
  Eddy, December 29th, 2008 at 2:10 pm

  One of the market’s better timing strategies hasn’t been having a good run decade. I think all models are destined to fall at some point. [...]

• The Santa Rally
  Eddy, December 29th, 2008 at 12:27 pm

  Several months ago, I took the entire history of the Dow Jones and broke down its performance by days of the year (btw, what the [...]

• The Weekend That Wall Street Died
  Eddy, December 29th, 2008 at 10:54 am

  Today’s Wall Street Journal has an excellent 4,000-word article on the weekend that Wall Street “died.” Personally, I think that’s a bit strong. A certain [...]

• Department of Poetic Justice
  Eddy, December 29th, 2008 at 10:24 am

  Looks like Bernie got robbed. Swindler extraordinaire Bernard Madoff got a taste of his own medicine last weekend when a burglar stole a $10,000 statue [...]

• The 2009 Buy List
  Eddy, December 28th, 2008 at 2:12 am

  Here’s the Crossing Wall Street Buy List for 2009: AFLAC (AFL) Amphenol (APH) Baxter International (BAX) Becton, Dickinson (BDX) Bed Bath & Beyond (BBBY) Cognizant [...]

• The Christmas Bust
  Eddy, December 26th, 2008 at 10:27 am

  Despite huge discounts, many retailers had a lousy Christmas: “It’s been difficult, much more difficult than anyone expected,” Gilbert Harrison, chairman and chief executive officer [...]

• Peter Schiff on Alex Jones
  Eddy, December 25th, 2008 at 2:22 pm

  Peter Schiff is not widely considered to be the crank that he is. Here’s a video of him with crackpot Alex Jones who believes, among [...]

• Merry Everything
  Eddy, December 25th, 2008 at 11:40 am

  I want to wish everyone a Merry Christmas and a happy, healthy and profitable new year. I’d also like to thank all of my readers [...]

• The Decline and Fall of Oil
  Eddy, December 23rd, 2008 at 3:28 pm

  The January contract, which expired last week, got to a low of $32.40. On July, 11, oil reached $147.27.

• How Best to Describe California
  Eddy, December 23rd, 2008 at 3:16 pm

  Imagine if Lehman Brothers had been allowed to issue license plates: In fact, there has been very little interest among institutional investors in municipal bonds [...]