Interesting Business Week piece on hedge funds increasing interest in government policy: “Hedge Funds Keep Watch On Washington”, September 22. Obviously, as Washington plays a bigger and bigger role in the economy, investors need to understand the impact of government policies on the economy and companies. This is something I’ve always done and, of course, am spending more and more time on these days.
Forbes recently ran an article worth reading: “Ten Ways Brokers Pick Pockets”: Arbitration is how disgruntled investors usually have to bring their complaints against brokers. In 2005, 6,074 cases were filed, the majority of which dealt with breach of fiduciary…
Marketwatch recently ran an article on signs that your financial advisor is no good. Here are some of their signs I found particulary important: 2. Refuses to disclose free arrangements Some advisers are squarely focused on investments that make the…
After the bell on Wednesday women’s retailer Chico’s FAS (NYSE: CHS) warned that August same store sales are showing a decline of about 3% and that it sees dismal same store sales for its third quarter, according to the Wall…
A few weeks after each Fed meeting, the minutes for that meeting are released. The minutes are not an actual transcript of what was said but a shamelessly doctored summary. As I tried to explain a couple weeks ago the…
Before the open today Best Buy (NYSE: BBY), the nation’s largest electronics retailer, announced a pretty good fiscal (ended Aug 26, 2006) second quarter. Same store sales in the United States were up 3.0% in the three months ended Aug…
On Tuesday I wrote: The Street interpreted Best Buy’s results as saying that the American consumer is not dead and will continue to spend on discretionary items. That interpretation seems to have played out this week. The S&P Retail Index…