Archive for June, 2010

  • Mid-Year Report Card
    , June 30th, 2010 at 4:38 pm

    The first half of the year is now over. Overall, it’s been an ugly time for the stock market. The S&P 500 is down -7.57% [...]

  • Some Context
    , June 30th, 2010 at 3:49 pm

    We’re now 1.05% of our way through the millennium. That’s the same ratio that a three-year Treasury will do for you.

  • The Market’s Mid-Year Cycle
    , June 30th, 2010 at 3:31 pm

    Earlier we pointed out that the stock market has had a very dramatic effect at the turn of each month. Since 1932, most of the [...]

  • The Higher Ed Bubble Continues
    , June 30th, 2010 at 10:09 am

    More evidence that the advantages of a college degree are vastly overrated: “Some universities are getting paid to have people show up, take a class, [...]

  • S&P 500's P/E Ratio Hits Lowest Level in 19 Months
    , June 29th, 2010 at 11:19 pm

    Here’s a look at the S&P 500 (black line, left scale) along with its operating earnings (yellow line, right scale). The two lines are scaled [...]

  • S&P 500′s P/E Ratio Hits Lowest Level in 19 Months
    , June 29th, 2010 at 11:19 pm

    Here’s a look at the S&P 500 (black line, left scale) along with its operating earnings (yellow line, right scale). The two lines are scaled [...]

  • The Yield on the Dow
    , June 29th, 2010 at 10:41 pm

    According to the Wall Street Journal, here are the indicated dividends for the 30 Dow stocks: AT&T Corp. $1.68 Verizon $1.90 Pfizer $0.72 DuPont $1.64 [...]

  • Cognizant Tech CEO
    , June 29th, 2010 at 5:25 pm

    One of my favorite tech stocks is Cognizant Technology Solutions (CTSH). This was a gigantic winner for our Buy List last year (up over 150%). [...]

  • The Ten-Year Treasury Drops Below 3%
    , June 29th, 2010 at 10:07 am

    There’s not much to add that this chart doesn’t already say: The yield on the ten-year Treasury (^TNX) has fallen below 3% which it hasn’t [...]

  • QOTD
    , June 29th, 2010 at 9:39 am

    From Ambrose Evans-Pritchard: As for the Fed, I venture to say that a common jury of 12 American men and women placed on the Federal [...]

  • The Supremes Help Tobacco Stocks
    , June 28th, 2010 at 2:26 pm

    The market is doing very well for us today. AFLAC (AFL) spiked as high as $46.20 before pulling back below $45. It’s still holding on [...]

  • First in Business Worldwide
    , June 28th, 2010 at 10:35 am

    Jump ahead to the 7 minute mark: (Via: ZeroHedge)

  • Stock Buyback Fail
    , June 28th, 2010 at 9:59 am

    I loathe stock buybacks, but this one really takes the cake. Guess what oil company spent $37 billion in buying back its own stock between [...]

  • The Duck Ducks Greece
    , June 28th, 2010 at 9:41 am

    I haven’t made much of a secret that I think AFLAC’s (AFL) stock is absurdly low. I think the market is very nervous over what’s [...]

  • Lowest Mortgage Rates in 50 Years
    , June 26th, 2010 at 11:11 am

    Not that anyone has any money: Mortgages are cheaper today than they’ve been in a half-century. If only most people had the job security, the [...]

  • Today's Ugly GDP Report
    , June 25th, 2010 at 10:15 am

    When the initial first-quarter GDP report came out two months ago, I said it was pretty bad. Now here we are two months later and [...]

  • Today’s Ugly GDP Report
    , June 25th, 2010 at 10:15 am

    When the initial first-quarter GDP report came out two months ago, I said it was pretty bad. Now here we are two months later and [...]

  • North Korea Says We Owe Them $65 Trillion
    , June 24th, 2010 at 11:27 pm

    $64.96 trillion to be exact due to 60 years of hostility: The official North Korean news agency, KCNA, says the cost of the damage done [...]

  • Bed Bath & Beyond Earns 52 Cents a Share
    , June 24th, 2010 at 9:34 am

    I was somewhat right about Bed Bath & Beyond‘s (BBBY) earnings report. The company earned 52 cents a share for its May quarter. My range [...]

  • Bed Bath & Beyond Earns 52 Cents a Share
    , June 24th, 2010 at 9:34 am

    I was somewhat right about Bed Bath & Beyond‘s (BBBY) earnings report. The company earned 52 cents a share for its May quarter. My range [...]

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