Archive for April, 2009

  • Hamptons Home Prices Plummet
    , April 23rd, 2009 at 5:20 pm

  • Microsoft Revenues Fall
    , April 23rd, 2009 at 5:13 pm

    For the first time since it went public 23 years ago: Microsoft, the world’s largest software company, on Thursday reported net income of $3.0 billion, [...]

  • Ugly Earnings from Danaher and SEI Investments
    , April 23rd, 2009 at 5:08 pm

    Danaher (DHR) isn’t doing as well I hoped. The economy is really putting the squeeze on them. Q1 earnings came in at 72 cents a [...]

  • RIP: Geocities
    , April 23rd, 2009 at 3:10 pm

    Yahoo pulls the plug: Not with a bang, but with a whimper. Yahoo! is unceremoniously closing GeoCities, one of the original web-hosting services acquired by [...]

  • Is Oil to Blame?
    , April 23rd, 2009 at 10:27 am

    James Hamilton has a great post on the consequences of the oil shock (it’s three weeks old, unfortunately I just noticed recently). He concludes that [...]

  • Best Line of the Day
    , April 23rd, 2009 at 10:22 am

    From a Nobel Prize Winner: So Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will [...]

  • The Worst Stock of the Decade
    , April 22nd, 2009 at 12:08 pm

    Congratulations to Velocity Express (VEXP), the single-worst performing stock of the decade…that’s still trading. Since the beginning of decade, VEXP has had three reverse stock [...]

  • Zimbabwe Fed Raided Private Accounts
    , April 22nd, 2009 at 10:52 am

    I’m no longer surprised by any news story out of Zimbabwe. Still, this is just crazy: Zimbabwe’s central bank governor admitted today that he took [...]

  • Since March 9
    , April 22nd, 2009 at 3:00 am

    Guess whose Buy List is beating the market by more than 10% since March 9 — 35.88% to 25.65%. Give up?

  • The Attraction of Gold
    , April 22nd, 2009 at 1:52 am

    Barry Ritholtz asked what are three things about gold that most people don’t realize. Here’s part of the email I sent him: As you probably [...]

  • More on the Distribution of Stock Returns
    , April 21st, 2009 at 2:45 pm

    Last week, I discussed the distribution of stock gains. I speculated that the fat tails is probably very significant. It hints that there may be [...]

  • Eaton Vance Takes a Hit
    , April 21st, 2009 at 12:22 am

    Shares of Eaton Vance (EV) got dinged today for over 11%. In this past weekend’s Barron’s, I noticed they ran a research piece from Sandler [...]

  • Memo to All CWS Employees
    , April 20th, 2009 at 2:26 pm

    To: CWS All From: Eddy Subject: Cost-Cutting Initiative Look folks, in case you haven’t noticed, we’re in the worst depression in 70 years. This means [...]

  • Citi Guys Slams Sysco
    , April 20th, 2009 at 1:12 pm

    In NY Mag, a Citigroup exec slams the unwashed masses: “No offense to Middle America, but if someone went to Columbia or Wharton, [even if] [...]

  • Another Victory for Technical Analysis
    , April 20th, 2009 at 12:46 pm

    The S&P’s rally begins almost exactly six years after the last turnaround. It even picks the devlish 666 as a bottom. Then on Friday, the [...]

  • The Battering of Quants
    , April 20th, 2009 at 12:30 pm

    Bloomberg wakes up to the fact that momentum quant funds have been getting killed: Companies with the most debt and lowest returns on assets are [...]

  • Eli Lilly’s Earnings Jump 23%
    , April 20th, 2009 at 9:26 am

    Eli Lilly (LLY) is one of our new additions to this year’s Buy List. The company just reported decent earnings this morning. AP reports: Eli [...]

  • The Allure of Outrage
    , April 19th, 2009 at 7:19 pm

    Clay Shirky has a very good and honest post on the narcotic allure of moral posturing. I think this is a bigger problem that many [...]

  • Rabbit Hood
    , April 19th, 2009 at 4:54 pm

    They really don’t get much better than this:

  • Event Risk Is Driving Markets
    , April 17th, 2009 at 4:43 pm

    Peter Boockvar from a recent speech: If the DJIA goes to 10,000, great! But if gold goes to $2000 at the same time, maybe not [...]