Archive for September 2010

Adobe Down 20% On Weak Guidance

September 22, 2010  ·  Category: Market Commentary, Stocks
Adobe (ADBE) reported a good fiscal 3rd quarter ended September 3 after the close yesterday but their guidance was a little weak.  They forecasted 48 cents - 54 cents in earnings per share and $950 ...
Posted by Greg Feirman  ·  No Comments »

Fed “Prepared To Provide Additional Accomodation”

September 21, 2010  ·  Category: Federal Reserve, Macro Economics, Market Commentary
The Fed opened the door to QE2 in its statement today by describing inflation as "at levels somewhat below those the Committee judges most consistent with its mandate" and saying it is "prepared to provide ...
Posted by Greg Feirman  ·  No Comments »

NY Times: Falling Rates Aid Debtors, Hamper Savers

September 9, 2010  ·  Category: Bonds, Income Investing, Interest Rates
It's the whole point of low rates, to entice borrowing and discourage saving, but it means a massive wealth transfer from savers to borrowers. - Greg McBride, Senior Financial Analyst, Bankrate.com All our clients are struggling with ...
Posted by Greg Feirman  ·  No Comments »

NY Times: Some Say Let The Housing Market Fall

September 7, 2010  ·  Category: Real Estate
As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention.  Some economists and analysts are ...
Posted by Greg Feirman  ·  No Comments »