Hypocrisy n. : 1. The practice of professing beliefs, feelings or virtues that one does not hold or posess; falseness. 2. An act or instance of such falseness. CNBC and The Wall Street Journal yesterday broke the news that private equity…
The Wall Street Journal’s David Gaffen has excerpted Top Gun’s post “The Wrong Question and the Right Question About Today’s Market” on his MarketBeat Blog.
The Wrong Question is: Is the market going up or down? I’ve seen a million different dudes on CNBC in the last week arguing for why the market is going to go up or down, as the case may be. The guys…
I don’t want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year. Our future is not as bright as we would like it to be. – D.R. Horton CEO Donald Tomnitz,…
In a post from about 3 weeks ago (Wed Feb 14, 2007) entitled “All Clear Ahead” I recommended going long the Nasdaq-100 Trust in the form the Jun07 $43 calls (QQQFQ) which could be had at the time for $3.10…
Melissa Ouch, a financial planner in Glenview, IL says that parents tend to make the mistake of prioritizing college savings over more important issues such as life and disability insurance and retirement: To help them prioritize, Osuch has a formula:…
PNC Financial Services Group recently conducted a survey of affluent children and their parents. Here were some of their findings: 73% of teens said they feel a strong sense of responsibility to wisely manage money they receive from their family 25%…
Today was one of those days that causes people to sell all their stocks and swear off the stock market forever. It was the worst day for the market since the re-opening after the Sept 11, 2001 terrorist attacks. At 3:00pm…
Before the open of the market yesterday (Wednesday) The Labor Department announced (subscription required) that core inflation (“core” excludes food and energy) increased .256% from December to January. Core prices were 2.7% higher compared with last January. The Fed’s desired…
Puts Calls Put/Call Ratio February 117,646 134,162 .88 March 236,974 160,127 1.48 April 43,401 9,966 4.35 Source: Scottrade, as of approx. 3:00pm EST What this tells us, I think, is that there are still alot of bears out there. Even though options buyers are…