Archive for July, 2009

• More U.S. Banks Put on Probation
  Eddy, July 31st, 2009 at 12:21 pm

  From Reuters: U.S. federal regulators have raised the number of struggling banks which they have essentially put on probation, forcing them to fix their problems [...]

• The Government Revises GDP Growth for the last 70 Years
  Eddy, July 31st, 2009 at 11:16 am

  Congratulations, we all just got wealthier today! Or I should say that according to the government, we got wealthier—not only today, but in the past [...]

• Because Financial New Isn't Creepy Enough, We Have Fox Business News
  Eddy, July 30th, 2009 at 11:34 pm

• Because Financial New Isn’t Creepy Enough, We Have Fox Business News
  Eddy, July 30th, 2009 at 11:34 pm

• Nasdaq-to-S&P 500 Ratio
  Eddy, July 30th, 2009 at 4:10 pm

  The Nasdaq has been on fire lately. The ratio of the Nasdaq to the S&P 500 is currently hovering right around 2.0. Two weeks ago, [...]

• Nasdaq-to-S&P 500 Ratio
  Eddy, July 30th, 2009 at 4:10 pm

  The Nasdaq has been on fire lately. The ratio of the Nasdaq to the S&P 500 is currently hovering right around 2.0. Two weeks ago, [...]

• Dow Flashes Buy Signal
  Eddy, July 30th, 2009 at 11:30 am

  The Dow has gone from 10% below its 200-day moving average to 10% above it. That’s happened 21 times since 1921 and it’s been good [...]

• What's the Definition of Speculation?
  Eddy, July 30th, 2009 at 11:16 am

  A price move Congress doesn’t like.

• What’s the Definition of Speculation?
  Eddy, July 30th, 2009 at 11:16 am

  A price move Congress doesn’t like.

• Stocks Hate Congress
  Eddy, July 30th, 2009 at 11:10 am

  The S&P 500 is close to 1,000 this morning. There could be more good news on the way — Congress will soon go on recess. [...]

• Nicholas Financial Reports Big Earnings Gain
  Eddy, July 30th, 2009 at 10:34 am

  Nicholas Financial (NICK) just reported earnings for the June quarter which is the company’s fiscal first quarter. Net earnings, excluding non-cash unrealized mark-to-market gain on [...]

• Stocks Love Obama
  Eddy, July 30th, 2009 at 9:52 am

  The stock market seems to love President Obama. It’s made back nearly everything it lost since he got elected. The S&P 500 has been as [...]

• Buy List Updates
  Eddy, July 30th, 2009 at 9:32 am

  There were three recent Buy List earnings reports to pass on. First, Aflac (AFL) came through with strong numbers. Aflac has been one of our [...]

• 2009 Earnings: A Moving Target
  Eddy, July 29th, 2009 at 8:46 am

  Earlier this week, I mentioned that earnings have been running well ahead of expectations so far this earnings season. Of course, expectations were pretty low. [...]

• Decade Inflection Points
  Eddy, July 28th, 2009 at 2:44 pm

  If March 9th holds up as the low, this could continue a tradition of major market turning points near the turn of a decade. The [...]

• 95 Years Ago This Week on Wall Street
  Eddy, July 28th, 2009 at 1:20 pm

  On Tuesday, July 28, Austria-Hungary attacked Serbia, and World War I officially began. Stock markets around the world collapsed (some closed), and the price of [...]

• IBM Snatches Up SPSS
  Eddy, July 28th, 2009 at 12:22 pm

  Fifteen months, I highlighted SPSS (SPSS), the predictive analysis company, as a good stock to own during tough economic times. When I wrote about SPSS, [...]

• Baxter International Announced $2 Billion Share Buyback
  Eddy, July 28th, 2009 at 11:40 am

  Although the market is down this morning, our Buy List isn’t down nearly as much. In fact, we just passed the 15% outperformance mark. The [...]

• Everybody Celebrate! Home Prices Rise By Tiny Amount!
  Eddy, July 28th, 2009 at 10:55 am

  We finally had some good news in housing today (ok, modestly good news). The Case-Shiller Index of home prices in 20 leading cities showed a [...]

• Lithuania's GDP plummets 22.4%
  Eddy, July 28th, 2009 at 9:12 am

  Wow. It’s astounding that a country’s economy can fall by nearly one-fourth. Lithuania’s economy shrank 22.4 percent in the second quarter compared to the same [...]