Archive for October, 2009

  • Danaher Beats Estimates and Guides Higher
    , October 22nd, 2009 at 1:19 pm

    Danaher (DHR) has had a rough year, but the earnings are better than I thought they’d be. Today the company reported 3Q EPS of 89 [...]

  • The NICK Sell Storm
    , October 22nd, 2009 at 10:13 am

    I’m not sure exactly what happened, but it appears that someone sold off about 100,000 shares of Nicholas Financial (NICK) this week (some mutual funds [...]

  • Black Thursday—Eighty Years Ago
    , October 22nd, 2009 at 9:17 am

    The Great Depression began 80 years ago. Wall Street suffered Black Thursday on October 24, 1929. (The actual anniversary is Saturday, but since today is [...]

  • From the New Yorker
    , October 22nd, 2009 at 8:46 am

  • So How Was Your Day?
    , October 21st, 2009 at 8:19 pm

    If you’re Steve Jobs…pretty good. Shortly after 2 p.m., before the market tanked, Apple was up 9.71 points to an all-time intraday high of 208.62, [...]

  • Newsweek Asks
    , October 21st, 2009 at 7:55 pm

    Was Germany better off under the Nazis? Let’s look at key comparisons like forestry and divorces.

  • The VIX Is Close to Going Below 20
    , October 21st, 2009 at 11:43 am

    The VIX has been as low as 20.10 today. We haven’t been below 20 since August 29, 2008. The VIX isn’t strongly correlated to market [...]

  • Buy List Earnings from Stryker, Lilly and SEI Investments
    , October 21st, 2009 at 11:16 am

    This is a bit strange. Lilly is down today on good news and Stryker is up on bad news. I don’t get it, but I [...]

  • No More Historical Comparisons Graphs
    , October 21st, 2009 at 9:54 am

    Starting today, I refuse to look at any more charts that contain five or more squiggly lines, one labeled 2009, another labeled 1929, another 1974, [...]

  • NYT: Thin Line Separates Insider Trading and Research
    , October 19th, 2009 at 11:05 pm

    The NYT makes some good points about the Rajaratnam case: A close reading of the two criminal complaints filed so far, and an associated civil [...]

  • How to Argue
    , October 19th, 2009 at 10:42 pm

    This is slightly off-topic but I wanted to highlight an excellent post written by Phil Birnbaum at his Sabermetrics Research site. This is one of [...]

  • CNBC Reports Bogus Press Release
    , October 19th, 2009 at 5:14 pm

  • Fannie Mae, Freddie Mac Price Targets Cut to $0
    , October 19th, 2009 at 3:59 pm

    Keefe, Bruyette & Woods lowered its rating on Fannie (FNM) and Freddie (FRE) to $0. They also downgraded the stock to “Underperform.” Of course, if [...]

  • S&P 1100
    , October 19th, 2009 at 3:41 pm

    For a very brief moment, the S&P 500 jumped over 1,100, saw its shadow and ran back below. Someone’s been dumping lots of NICK today [...]

  • S&P 1100
    , October 19th, 2009 at 3:41 pm

    For a very brief moment, the S&P 500 jumped over 1,100, saw its shadow and ran back below. Someone’s been dumping lots of NICK today [...]

  • Rosenberg Rewrites History
    , October 19th, 2009 at 2:13 pm

    If you’re in the business of making market calls, you’re going to wrong. That’s just how it is. I’m wrong all the time. So is [...]

  • Buy List +38%
    , October 19th, 2009 at 12:28 pm

    Thanks to today’s rally, the Buy List is up 38.2% for the year. Sysco (SYY), Danaher (DHR) and Cognizant (CTSH) are all at new 52-week [...]

  • Loonie Closing in on Greenback
    , October 19th, 2009 at 11:23 am

    While Wall Street is celebrating the Dow being over 10,000, there’s another milestone coming up: The Canadian dollar is about to reach parity with the [...]

  • Technical Analysis Strikes Out
    , October 19th, 2009 at 11:17 am

    A new paper finds that technical analysis is pretty much a dud around the world. Technical analysis is not consistently profitable in the 49 countries [...]

  • 22 Years Since the 1987 Crash
    , October 19th, 2009 at 11:02 am

    It was 22 years ago today — October 19, 1987 –that the market busted. The Dow plunged 508 points, also on a Monday. As it [...]