Archive for April, 2010

  • Let Greece Default?
    , April 30th, 2010 at 11:03 pm

    A Harvard economist says yes. Rather than bail out Greece, therefore, the E.U. and IMF should allow it to default. This will hurt Greece’s creditors, [...]

  • Mississippi Fred McDowell
    , April 30th, 2010 at 2:46 pm

    It’s a gorgeous day here in our nation’s capital. I think I’ve had enough of earnings reports, Senate committees and weasely bankers for one week. [...]

  • Is the Stock Market Anti-Obama (or Vice Versa)?
    , April 30th, 2010 at 2:30 pm

    As the S&P 500 has climbed steadily upward over the past 14 months, so have the prospects for House Republicans. Here’s a look at the [...]

  • You Know that Goldman Rally…Yeah, About That
    , April 30th, 2010 at 1:48 pm

    Last week, I said to stay away from Goldman Sachs (GS) believing it was a value trap. The share had a brief rally but that [...]

  • Earnings for Fiserv and Moog
    , April 30th, 2010 at 11:21 am

    We had two more earnings reports from our Buy List. After yesterday’s closing bell, Fiserv (FISV) said it made 95 cents per share for the [...]

  • The Economy Grew by 3.2% for the First Quarter
    , April 30th, 2010 at 9:34 am

    The government reported that the economy grew by 3.2% for the first quarter. Normally, that’s not so bad but for coming out of a deep [...]

  • Behold!
    , April 29th, 2010 at 3:09 pm

    When Alexander saw the breadth of his domain he wept for there were no more worlds to conquer. In other news: IHOP Introduces Cheesecake Sandwiched [...]

  • Do Superstitious Beliefs Affect Investment Decisions?
    , April 29th, 2010 at 11:21 am

    An academic paper: Dark Omens in the Sky: Do Superstitious Beliefs Affect Investment Decisions? By Gabriele M. Lepori Psychological research documents that individuals are more [...]

  • Obama Nominates Three to the Board of the Federal Reserve
    , April 29th, 2010 at 10:56 am

    President Obama is getting the chance to place his stamp on the Federal Reserve. There were three vacancies and he just sent three nominees to [...]

  • Becton Dickinson Beats by Four Cents
    , April 29th, 2010 at 10:48 am

    I’m happy to see that our stocks are rebounding nicely this morning. Two Buy List earnings reports are due today. Fiserv (FISV) will come after [...]

  • Eddy's Rule on European Monetary Integration
    , April 29th, 2010 at 10:30 am

    New rule: Everyone with nice beaches, please leave the eurozone. (This rule may come in handy if Florida and California are kicked out of the [...]

  • Eddy’s Rule on European Monetary Integration
    , April 29th, 2010 at 10:30 am

    New rule: Everyone with nice beaches, please leave the eurozone. (This rule may come in handy if Florida and California are kicked out of the [...]

  • This Won't End Well
    , April 28th, 2010 at 6:21 pm

    This is a HUGE mistake: Hewlett-Packard Agrees to Buy Palm Hewlett-Packard has agreed to acquire Palm for $1.4 billion in cash, uniting two companies that [...]

  • This Won’t End Well
    , April 28th, 2010 at 6:21 pm

    This is a HUGE mistake: Hewlett-Packard Agrees to Buy Palm Hewlett-Packard has agreed to acquire Palm for $1.4 billion in cash, uniting two companies that [...]

  • AFLAC Holds Greek and Portuguese Bonds
    , April 28th, 2010 at 3:05 pm

    On AFLAC’s earnings call, the company revealed that it holds $1.75 billion in Greek and Portuguese bonds. Aflac Inc., the world’s largest seller of supplemental [...]

  • Today's FOMC Statement
    , April 28th, 2010 at 2:41 pm

    Here’s today’s policy statement: Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that [...]

  • Today’s FOMC Statement
    , April 28th, 2010 at 2:41 pm

    Here’s today’s policy statement: Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that [...]

  • 150 Years of Corporate Bond Defaults
    , April 28th, 2010 at 2:28 pm

    Here’s a bit of a geeky post. This recent academic paper looks at default rates for corporate bonds over the last 150 years. There are [...]

  • Lowe's or Home Depot
    , April 28th, 2010 at 1:56 pm

    An emailer asks me: “Lowe’s (LOW) or Home Depot (HD)?” Ooohh, this is a toughy. Both are excellent companies and both have done extremely well [...]

  • Lowe’s or Home Depot
    , April 28th, 2010 at 1:56 pm

    An emailer asks me: “Lowe’s (LOW) or Home Depot (HD)?” Ooohh, this is a toughy. Both are excellent companies and both have done extremely well [...]

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