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WaMu Cuts Dividend, Sheds More Than 3,000 Jobs and To Issue $2.5 Bil Preferred Stock
Reading Time: 2 minutesWashington Mutual (WM) issued quite a press release after the close yesterday. Here is what they said they are going to do to shore up their capital base and their business: Cut their quaterly dividend from 56 cents to 15…
Buffett Expects Recession To Be Worse Than Most Think
Reading Time: 2 minutesBuffett was on CNBC’s Squawk Box this morning to talk about his Wrigley (WWY) deal, but what caught my attention were his comments on the economy (his comments on the economy start around the 7:40 mark): On retail: “Gotten a…
The Technicals Vs The Fundamentals
Reading Time: 4 minutesRight now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…
High Frequency Trading
Reading Time: 2 minutes(Source: The New York Times – click on link for a larger graphic) It’s become a technological arms race, and what separates winners and losers is how fast they can move. – Joseph M. Mecane, NYSE Euronext, quoted in “Stock…
10 Year Treasury Yield Jumps 9 Basis Points Pummeling Stocks, Value > Momentum, TLT Oversold, NKE Earnings, Top Gun’s Long/Short Portfolio
Reading Time: 7 minutesNote: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
XLU PCG: Defense Wins Championships
Reading Time: 3 minutesThe only two S&P sectors in the green this year are Utilities (XLU) and Consumer Staples (XLP) – two of the most defensive sectors along with Healthcare (XLV). The best way to play utilities is to get broad exposure via…


