Freeze The Rates!!!! And Cut Them!!! WooHoo!!!!
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
Stock investors seem to like Bush’s plan to freeze the teaser rates on adjustable rate mortgages for a few years to give homeowners a better chance to hang onto their houses (S&P Intraday Chart).
The time of maximum pessimism is the best time to buy. – Legendary Investor John Templeton Yesterday Merrill Lynch released their monthly survey of fund managers for October. The survey covered 172 fund managers with $531 billion under management. Merrill…
On Friday morning Fed Chair Jerome Powell used his much awaited speech in Jackson Hole, WY to lecture the market like a father whose teenage son took the car without permission. Powell was clearly annoyed by the market’s presumption in…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…
A lot of important earnings news affecting the market today: Oracle (ORCL), Nike (NKE), Bear Stearns (BSC), Federal Express (FDX) and Winnebago (WGO). ***** Everybody pretty much knew Bear was going to report an ugly quarter and they in fact…
We’ve seen continuous improvement every single week for the last 10 weeks in the US rent a car space on improving demand for the summer season. We’ve been buying a lot of cars the last 8 weeks…. We’re scrambling to…
“We estimate that there’s over $10 billion of write downs in the fourth quarter for the industry for banks and brokers.” – Mike Mayo (subscription required), Brokerage Analyst, Deutsche Bank Yesterday Citigroup (C) announced that CEO Chuck Prince will step down…