Blowout April ISM Manufacturing Report coming in at 60.4 – the highest level since June 2004. New orders were particularly strong at 65.7. This is in line with a bunch of other data points showing a surging recovery. See, for…
Blowout quarter from Intel (INTC). Revenues of $10.3 billion compared to analyst estimates for $9.8 billion. EPS of 43 cents compared to analyst estimates of 38 cents. Last year’s first quarter had revenues of $7.15 billion and EPS of 11…
Jeremy Siegel, Professor of Finance at the Wharton School at the University of Pennsylvania, and Robert Shiller, Professor at Yale University, are two of the most high profile academics in the investment world. Both are regularly quoted and interviewed by…
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A couple of important stories on interest rates this weekend in The Wall Street Journal and The New York Times. The Wall Street Journal described the different forecasts for the year-end 10 year treaury yield by Morgan Stanley and Goldman Sachs…
A bunch of optimistic commentary and articles coming out recently: “The Comeback Country: How America Pulled Itself Back From The Brink – And Why It’s Destined To Stay On Top”, Dan Gross, Newsweek, April 12 “The Power of Positive Thinking:…
What I’m hearing across a wide swath of retail is that sales are simply much stronger than companies had expected. – Robert Barbera, Chief Economist, ITG There’s a true desire to buy that I haven’t seen in two or three…
California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and…
Real estate agents say buyers and sellers are hurrying to take advantage of the tax credit, which is worth up to $8,000 for home buyers. But the last-minute rush is also prompting some foreboding about what will happen to the…
One of the important stories last week was the notable rise in interest rates. The cause was weak treasury auctions on Wednesday and Thursday when the Treasury sold $42 billion of 5 year notes and $32 billion of 7 year…