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Beware of Broker Conflict of Interests
Reading Time: 4 minutes
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…
Signs Your Financial Advisor Is No Good
Reading Time: 5 minutes
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…
Women’s Retailer Chico’s FAS and Home Furnishings Retailer Williams-Sonoma Report Slowing Sales
Reading Time: 2 minutes
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…
Fed Minutes Reveal Balancing Act at the Fed
Reading Time: 4 minutes
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…
Best Buy’s Good Quarter Boosts Wall Street’s Confidence in the Consumer
Reading Time: 2 minutes
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…
The Interpretation of the Best Buy Quarter and the Last 9 Weeks in the Stock Market
Reading Time: 5 minutes
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…