Archive for January, 2010

  • S&P 500 to Close Below 50-Day Moving Average
    , January 22nd, 2010 at 3:38 pm

    For the first time since November, the S&P 500 will close below its 50-day moving average. This ends a 79-day run of closing over the [...]

  • S&P 500 to Close Below 50-Day Moving Average
    , January 22nd, 2010 at 3:38 pm

    For the first time since November, the S&P 500 will close below its 50-day moving average. This ends a 79-day run of closing over the [...]

  • The Withdrawl Countdown
    , January 22nd, 2010 at 1:16 pm

    My guess is that Ben Bernanke would withdraw and spare the president of losing a confirmation vote. That is, if it looks like he’d lose [...]

  • Bernanke Reconfirmation in Doubt
    , January 21st, 2010 at 11:20 pm

    This is not what the market needs to hear: Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the [...]

  • S&P 500 Erases Most of this Year's Gain
    , January 21st, 2010 at 3:05 pm

    The S&P 500 closed 2009 at 1115.10. At one point today, we dipped below that to 1114.84. It seems like only Monday that we were [...]

  • S&P 500 Erases Most of this Year’s Gain
    , January 21st, 2010 at 3:05 pm

    The S&P 500 closed 2009 at 1115.10. At one point today, we dipped below that to 1114.84. It seems like only Monday that we were [...]

  • The Volcker Rule
    , January 21st, 2010 at 2:35 pm

    The White House announced its major initiative today. Declaring that huge banks had nearly brought down the economy by taking “huge, reckless risks in pursuit [...]

  • Goldman's Huge Quarter
    , January 21st, 2010 at 11:40 am

    Goldman Sachs (GS) reported its best quarter ever: Goldman posted quarterly profit of $4.95 billion, or $8.20 a share, for the quarter, on revenue of [...]

  • Goldman’s Huge Quarter
    , January 21st, 2010 at 11:40 am

    Goldman Sachs (GS) reported its best quarter ever: Goldman posted quarterly profit of $4.95 billion, or $8.20 a share, for the quarter, on revenue of [...]

  • Copper Calls Top in Stocks. Wait…What?
    , January 20th, 2010 at 2:58 pm

    Copper, apparently, is a pretty good predictor of stock prices. The stock market may be headed to or already mired in a correction mode, with [...]

  • Berkshire Votes to Splti 50-for-1
    , January 20th, 2010 at 2:53 pm

    If you’ve always wanted to own a piece of Warren Buffett but didn’t want to shell out a few thousand dollars, you’re in luck. The [...]

  • New Highs All Around
    , January 19th, 2010 at 11:01 am

    So far today, Aflac (AFL), Eaton Vance (EV), Johnson & Johnson (JNJ), Medtronic (MDT), Reynolds America (RAI) and Stryker (SYK) have all hit new 52-week [...]

  • The Market Doesn’t Always Do What We Want
    , January 19th, 2010 at 10:20 am

    Before Intel’s earnings came out I wrote, “The Street is looking for 30 cents a share which is definitely too low. I expect earnings around, [...]

  • Intel Delivers Huge Quarter
    , January 14th, 2010 at 4:17 pm

    Yesterday I said that I expected Intel (INTC) to report earnings of 35 cents a share which was well above Wall Street’s consensus of 30 [...]

  • Barney Vs. Erin
    , January 14th, 2010 at 4:02 pm

    Here’s an entertaining interview of Barney Frank by Erin Burnett:

  • The Dow Jones Hit Its Bull Market High 10 Years Ago Today
    , January 14th, 2010 at 6:48 am

    On Friday, January 14, 2000, the Dow closed at 11,722.98 — a level it wouldn’t break for over six years. That peak capped an amazing [...]

  • Once Again, Economists Are Split
    , January 13th, 2010 at 12:21 pm

    I sometimes think that a group of academic economists couldn’t agree on the color of the sky. The WSJ surveyed economists over Ben Bernanke’s view [...]

  • This Just In
    , January 13th, 2010 at 12:16 pm

    “Whatever we did, it didn’t work out well.” Lloyd Blankfein CEO of Goldman Sachs

  • The Buy List So Far
    , January 13th, 2010 at 11:20 am

    I probably shouldn’t mention this so early and jinx myself, but the Buy List has gotten off to a very nice start this year. Through [...]

  • The Credit Market Slowly Wakes Up
    , January 13th, 2010 at 10:57 am

    The credit markets recently passed an important milestone when the spread between the BAA corporate bond index and the 10-year Treasury bond fell below 250 [...]