The Federal Reserve is likely to cut its short-term interest rate by a quarter of a percentage point next week — but then may be ready for a breather. – Greg Ip, “Fed May Consider Pause In Rate Cuts” (subscription…
All of you who have been wishing you sold some stocks earlier, who have been waiting for an opportunity to get out at a higher price, who have been whipsawed by recent market action, today is your day. Today is…
US economic activity deterioriated more rapidly than expected during the quarter. – Scott Davis, Chairman and CEO, UPS We see no signs of economic strengthening in the second quarter. – Kurt Kuehn, CFO, UPS Contributing to the softness in revenues…
Reading Apple’s (AAPL) financial reports is sick. It’s like looking at those comic book superheroes with monstrous muscles and tiny waists. It’s unreal. In the just completed quarter, Apple had revenues of $7.5 billion – up 43% from the year…
Freeport McMoran (FCX), the largest publicly traded copper company, reported 1st quarter earnings this morning before the open. The numbers were good: revenues up 24%, operating income up 62% and net income up 81%. That’s no surprise as copper prices…
We are concerned that expectations may be too high with the stock rebounding over 45% in recent weeks. …… Recall that in only the past year, Apple stock has been below $100, more than doubled to above $200 and fell…
US treasuries are “the most overvalued asset in the world, bar none [and] don’t make any sense relative to inflationary expectations down the road.” – Bill Gross, Portfolio Manager, PIMCO Total Return Bond Fund, the largest bond mutual fund in the…
The Wall Street Journal ran an interesting front page article this weekend on the Chinese stock market, “China Stocks, Once Frothy, Fall By Half In Six Months” (subscription required). The chart tells the story: Shanghai Index Chart. It was obvious…
Wow. Yowza. Is the stock market cool or what? I mean if you like ideas, if you like psychology, if you like money and people and games, how can you not love the stock market? Let’s state the facts first:…
Well, well, well, whatdyaknow: Google beat analyst expectations (GOOG Earnings Release) and the stock, weighed down by fear and pessimism, is borne again. Google lovers must be feeling like they’ve been touched by the holy ghost because they are buying Google in…