Archive for June, 2010

  • It's Always Sunning On Wall Street
    , June 24th, 2010 at 9:05 am

    Via Paul Kedrosky comes this chart showing how rarely Wall Street tells us to sell.

  • It’s Always Sunning On Wall Street
    , June 24th, 2010 at 9:05 am

    Via Paul Kedrosky comes this chart showing how rarely Wall Street tells us to sell.

  • Today's Fed Statement
    , June 23rd, 2010 at 2:28 pm

    A hint of optimism? Information received since the Federal Open Market Committee met in April suggests that the economic recovery is proceeding and that the [...]

  • Today’s Fed Statement
    , June 23rd, 2010 at 2:28 pm

    A hint of optimism? Information received since the Federal Open Market Committee met in April suggests that the economic recovery is proceeding and that the [...]

  • Medtronic Gives 2011 Outlook
    , June 23rd, 2010 at 9:32 am

    Once again, the stock market looks to rise this morning. The Federal Reserve is meeting in Washington and will almost certainly leave interest rates unchanged. [...]

  • Update on Momentum Stocks
    , June 22nd, 2010 at 2:59 pm

    Here’s an update to the chart of the historical performance of momentum stocks. This is one of the most fascinating phenomena in finance. Stocks that [...]

  • The Yuan Rally Fades Away
    , June 22nd, 2010 at 1:37 pm

    Yesterday’s yuan rally totally collapsed and we’re not advancing much at all today. The market is becoming similar to a World Cup match—little scoring and [...]

  • Dow 1,000
    , June 21st, 2010 at 12:35 pm

    Peter Brimelow finds this gem in a recent Elliot Wave Theorist: The only way for the developing configuration to satisfy a perfect set of Fibonacci [...]

  • Bed Bath & Beyond’s Earnings Report
    , June 21st, 2010 at 10:47 am

    This Wednesday, Bed Bath & Beyond (BBBY) is due to report its first-quarter earnings. This will be for the quarter that ended with the month [...]

  • Bed Bath & Beyond’s Earnings Report
    , June 21st, 2010 at 10:47 am

    This Wednesday, Bed Bath & Beyond (BBBY) is due to report its first-quarter earnings. This will be for the quarter that ended with the month [...]

  • What's the Best Stock of the Last 5 Years?
    , June 21st, 2010 at 10:35 am

    It’s up more than 10-fold. I’ll give you a hint: Shatner is involved.

  • What’s the Best Stock of the Last 5 Years?
    , June 21st, 2010 at 10:35 am

    It’s up more than 10-fold. I’ll give you a hint: Shatner is involved.

  • The Cold War Is Officially Over
    , June 21st, 2010 at 9:40 am

    The BBC reports: Russia to drop capital gains tax to attract investment Russia will scrap capital gains tax on long-term direct investment from 2011, President [...]

  • The Onion: White House Jester Beheaded For Making Fun Of Soaring National Debt
    , June 21st, 2010 at 9:33 am

    The rest of the media missed this one: WASHINGTON—After serving 12 years in the position, Motley, the official White House Jester, was beheaded Tuesday after [...]

  • JoS. A. Bank Clothiers Declares 50% Stock Dividend
    , June 21st, 2010 at 9:19 am

    Joe Banks (JOSB) announced today a 50% stock dividend. In other words, that’s a three-for-stock stock split. If you own 200 shares, you’ll get another [...]

  • Market Looks to Rally on Yuan News
    , June 21st, 2010 at 9:14 am

    Good news this morning. The market will most likely get a lift today thanks to China agreeing to let the yuan rise against the dollar. [...]

  • No Follow Through
    , June 16th, 2010 at 9:11 am

    The frustrating thing about this market is that there’s zero follow through. Every time we try to rally, we seem to give it all back [...]

  • Today's Close
    , June 15th, 2010 at 5:58 pm

    We did it! The S&P 500 barely closed above the 200-DMA. The index is also up for the year — +0.012%!! With dividends, it’s up [...]

  • Today’s Close
    , June 15th, 2010 at 5:58 pm

    We did it! The S&P 500 barely closed above the 200-DMA. The index is also up for the year — +0.012%!! With dividends, it’s up [...]

  • Fighting the 200 DMA
    , June 15th, 2010 at 1:58 pm

    I’ve said before that I’m not a big fan of technical analysis. I make one small exception for looking at the market’s 200 day moving [...]