This week (Sept 25-29) is the final week of the 3rd quarter. Institutional money managers are judged, and frequently compensated, based on their quarterly performance and so their is alot of funny business that goes on towards the end of…
I tend to agree with Graham Summer’s Growth Stock Wire missive this morning, “The Correction is Here”: It’s quiet …… too quiet. I don’t mean to rain on everyone’s parade but September has been much too tame so far. There…
Barry Ritholtz had a post Friday morning, “Whither Goldilocks?”, worth reading: Every good adventure – be it an advertising campaign, religious evangelism, political battle, or even a war – requires a memorable phrase, repeated over and over again, as part…
The US consumer is holding up nicely thus far as Bed, Bath and Beyond (NASDAQ: BBBY), Circuit City (NYSE: CC) and Nike (NYSE: NKE) all reported strong quarters this past week. Bed, Bath and Beyond, owner of 762 Bed, Bath…
There is one thing I can pretty much guarantee you: come hell or high water, Americans will continue to watch alot of TV and spend alot of time surfing the internet. In fact Nielsen Media Reseach today came out with…
I was just listening to the radio when an advertisement from PG&E (NYSE: PCG) came on with tips about how to reduce your bill. This PG&E technician is supposed to be on vacation when he hears that it is hot…
The Fed decided today to leave the federal funds rate at 5.25%. The interesting thing is that the bond market is pricing in rate cuts in the next year or so. Justin Lahart, author of the Wall Street Journal’s daily…
On Friday I wrote: The markets are somewhat confusing right now. For the 9 weeks beginning Monday July 17, the Dow has rallied from around 10,750 to today’s close of 11,560 – a 7.5% rally. Over the same period the…
Jeff Opdyke, author of the Wall Street Journal’s Love & Money column, has an important article on planning for the end of life in today’s Sunday Journal. One of the things that is hard to come to terms with is…
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…