Charmed? Not So Much!
Well I just closed out my trade in Charming Shoppes (NASDAQ: CHRS). As I wrote, on Tuesday I took a position in the Oct 06 $15 puts at 85 cents per. But the selling by the Mad Money fanatics never…
The Key to Great Investments
Tom Dyson, one of my favorite investment writers over at Daily Wealth because of his willingness to get philosophical from time to time, got philosophical this morning: When it comes to investing, people often ask me a similar question….. What’s…
The Limits of Pure Fundamental Analysis – How Morningstar Gets Things Wrong
I find Morningstar’s stock and mutual fund analysis useful, which is why I am a premium subscriber, but I am constantly frustrated with their lack of an ability to integrate a macro economic perspective into their analyses. They seem to…
Boo-Yah Skee-Daddy!!!! – End of the Quarter Fun and Games
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…
Raise A Little Cash, Get Defensive
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…
Big Picture’s Ritholtz Still Expecting a Hard Landing
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…
US Consumer Looks Strong For Now – Bed, Bath and Beyond, Circuit City and Nike All Report Strong Quarters
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…
A Sure Bet: Americans Will Watch TV and Surf the Internet No Matter What
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…
Lew Rockwell on “The Real Cause of Blackouts”
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…
Which Way is the Economy and the Fed Going?
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…