The primary driver of today’s selloff is concerns about Cisco’s (CSCO) forecast. Cisco reported a good quarter after the close yesterday, even though revenues of $10.84 billion fell $40 million short of analyst estimates. But CEO John Chambers was a…
TOP GUN STRATEGY SESSION WITH CHARLES KIRK OF THE KIRK REPORT, FRI AUGUST 6 AT 12PM EST: Click here to participate in the strategy session. ***** The economic outlook remains unusually uncertain. – Ben Bernanke, Semiannual Monetary Policy Report To…
The financial-overhaul bill that will be signed into law by President Barack Obama on Wednesday won’t address one of the most far-reaching consequences of the recent crisis: Market power is concentrating in the hands of the nation’s largest banks. Fortified…
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While the recent price action has been docile, I believe we’re in the eye of the storm, a relative calm between the first phase of the financial crisis and the cumulative comeuppance that’ll flush — and perhaps reset — the…
In the three weeks since the start of our third quarter on May 1st, which coincided with the expiration of the homebuyer tax credit, our per community deposits and traffic were up 23% and 11%, respectively, over last year’s comparable…
Everyone expected the housing market to suffer at least a temporary hangover after the government’s $8,000 tax credit expired, but not necessarily this much. Preliminary data from around the country indicates that the housing market began swooning last month immediately…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Outstanding quarter from Hewlett Packard (HPQ): Revenues up 13% from the year ago period which is a big increase for a company of this size. All goods categories (servers, computers, printers, supplies) were strong. Net income was up 25% from the…
Also see “Galbraith: The Danger Posed By The Deficit Is “Zero””, Ezra Klein, The Washington Post Online, May 12 It is incredible how stupid some economics professors are. On this subject also see: “Dumbass Ideas From Economists”, Top Gun FP,…