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SeekingAlpha

Use ETFs Until 10-Year Returns Return: Analyste de Boston submits:Once upon a time, Morningstar and all the other fund services prominently reported something called a “10-Year Return,” shown either as a large compounded total return or as an annualized number. Among other stats, extended performance is

A Look at Bullish and Bearish Stock Market Momentum: Brett Steenbarger submits: click to enlargeIf you click on the chart, youll see a 60-minute rendering of the S&P 500 e-mini ((ES)) futures. Note

'Green Shoots' in Semiconductor Industry: Trade Radar Operator submits: For those who are still searching for "green shoots", there was some good news from the semiconductor sector Friday.The Semiconductor Industry Association ((SIA)) announced Friday that May semiconductor revenues

Welcome to Act II of the Great Recession: Tom Lindmark submits:Joe Biden announced the “second stimulus” today. In an interview on ABC news “This Week” he said the administration, “misread how bad the economy was and didn’t

There Are Conceptual Limits to Efficient Markets: David Merkel submits: I do and don’t believe in the efficient markets hypothesis . The efficient markets hypothesis posits that: Past public information can’t be used to obtain

U.S. and China: It Takes Two to Tango: David Merkel submits: For every buyer there is a seller. For every debit, there is a credit. People often accept naive views of how the market works, perhaps

Chinese Underconsumption Didn't Cause Recession: Tom Lindmark submits:One of the more commonly cited reasons for the Great Recession has been an unexpectedly high savings rate among the Asian countries. The logic implies that by

Deficits and the Dollar's Declining Value: John M. Mason submits: One of the questions that has arisen from the posts I have put up over the last several months has to do with my statement that the international financial community doesn’t like government deficits and tends

Hyundai Smartly Launches Cash for Clunkers Ahead of Government: TheCarConnection.com submits: Final details about the federal governments new Cash-for-Clunkers program--clunkily and officially titled the "Car Allowance Rebate System"--wont be released until July 23, but that hasnt stopped Hyundai (HYMLF.PK) from getting a jump

Dollar's Days of Dominance Are Over: Jeff Nielson submits:While it may not constitute the final “nail in the coffin”, India commemorated the 4th of July by joining China and Russia in announcing they were seeking “alternatives” to the U.S. dollar (as “reserve currency”). With yet one

U.S. Gasoline Use Falling - Especially in Northwest: TheCarConnection.com submits: With the record-breaking spikes in gas prices last summer, followed by the economic downturn, its not surprising that people arent driving as much.Complete Story »

What REALLY Caused the Mortgage Crisis -- And What To Do Now: Joseph L. Shaefer submits: The mortgage crisis …that caused the fall in home prices ...that exacerbated the credit crisis …that resulted in a crisis of confidence …that led the over-reaching national government to create an over-arching plan to throw trillions

8 'Bathwater Babies' and 4 'Dogs with Fleas' for the Week: J Clinton Hill submits:At the end of each trading week, Hillbent scans for the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside

S&P 500 Quarterly Charts More Reliable as a Leading Economic Indicator: J Clinton Hill submits:Looking at the S&P 500’s performance on a quarterly basis and its price pivots is a fairly reliable gauge for the market direction. Each quarterly period allows ample time to process and assess economic data trends, quarterly

Technical Recovery Won't Feel Much Like a Recovery: Edward Harrison submits:Everyone is trying to gauge when a ‘recovery’ is going to occur in the United States and globally. Some see imminent recovery. Others like myself see a late-2009 or early-2010 recovery. Yet others, including most readers of my

Weekly Global Markets Preview: Key Clues from Forex, Commodities and Stock Indices: Background Before Thursday’s U.S. employment data, there were many who could still see global markets heading higher. For the near term, that opinion now appears out of favor. The debate is now whether markets will continue their mostly horizontal tight

Asians Going East: Tom Lindmark submits:I tend to think that we can learn immeasurably more about how our economy and society is changing just by watching the actions that people take in response to events then we can by reading thousands of learned

Foreclosures Getting Out of Control: Tom Lindmark submits:There has been enough talk about an impending next wave of foreclosures to suggest that indeed it’s going to happen. An article in the LA Times throws a little

More Whining About the Dollar: Tom Lindmark submits:Another country has been heard from on the subject of dollar dominance. India has joined Russia and China in pressing for reforms to the world’s financial system.

Unemployment Report Amps Things Up: Tom Lindmark submits:Thursday’s jobs report seems to have shaken people up. Though he’s been arguing in favor of more stimulus or rather a second stimulus for some time,

Blogging Stocks

Entrepreneur's Journal: Key steps for telesales success: Filed under: Competitive strategy, Marketing and advertising, Small businessWith so much noise about online advertising and social media, the topic of telesales seems kind of outdated, if not obsolete. Yet, in todays

The week in preview: Focus returns to earnings: Alcoa, Chevron, Family Dollar: Filed under: Earnings reports, Forecasts, Alcoa Inc (AA), Chevron Corp (CVX), Family Dollar Stores (FDO), Economic data The second half of the calendar year has begun, and earnings return to

The Iraq War was fought for oil -- now we have none of it: Filed under: Deals, OilNow that Iraq is an independent country, the oil ministry has started putting its oil fields up for bid to foreign investors as reported in The Wall

Earnings highlights: General Mills, Apollo Group, H&R Block, Sealy ...: Filed under: Earnings reports, H and R Block (HRB), General Mills (GIS)Here are some highlights from last weeks earnings coverage from BloggingStocks: Apollo Group Inc. (NASDAQ: APOL) posted better-than-expected Q3 earnings due to higher enrollments. Ball Corp. (NYSE: BLL) expected

All-American stock #3: Colgate-Palmolive (CL): Filed under: Earnings reports, Colgate-Palmolive (CL), Stocks to Buy, RecessionMy final all-American brand is Colgate-Palmolive (NYSE: CL). The company is well-known for its toothpaste and toothbrushes.

All-American stock #2: Amazon (AMZN): Filed under: Earnings reports, Consumer experience, Amazon.com (AMZN), Stocks to BuyThe next all-American brand is the worlds largest bookstore, Amazon (NASDAQ: AMZN). Actually, its not quite correct

'Ice Age' sequel off to good start -- what does this say about Disney and Pixar?: Filed under: Walt Disney (DIS), Viacom (VIA), News CorpB (NWS), FilmNews Corp.s (NASDAQ: NWS) new computer cartoon, Ice Age: Dawn of the Dinosaurs, had a strong domestic debut this past Wednesday. It

All-American stock #1: McDonald's (MCD): Filed under: Earnings reports, McDonalds (MCD), Stocks to BuyLeading off is one of the very symbols of U.S. capitalism, McDonalds (NYSE: MCD). You cant get much more

Comfort Zone Investing: Survival of the fittest -- letting some banks fail: Filed under: Citigroup Inc. (C), Bank of America (BAC), Comfort Zone InvestingBank failures are good. They get rid of banks that are mismanaged and have no business being in banking. Bad management

Three All-American stocks for portfolio fireworks: Filed under: Amazon.com (AMZN), McDonalds (MCD), Colgate-Palmolive (CL), Stocks to BuyToday is the 4th of July, and the nation is busy celebrating its 233rd birthday. The past

Michael Jackson fireworks, the workaholic: Filed under: International markets, Other issues, Rants and raves, Competitive strategy, Workspace, Media World, Headline newsWhile Michael Jackson is referred to affectionately by fans as the King of Pop .

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Disney Channel does it again with 'Princess' film, but it still has challenges: Filed under: Television, Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), News CorpB (NWS), Media World Disney (NYSE: DIS) programmed a new movie recently on one of its prime media assets.

Would you pledge your soul as collateral for a loan?: Filed under: Other issues, Money and Finance Today, Personal finance, Small businessThis is bizarre at best but its true. In Latvia there lives a man named Viktor Mirosiichenko who heads a company called Kontora Loan Company. Who is this man

JockStocks: Fred Perry knows its boundaries, lets Nike make Murray's footwear: Filed under: NIKE, IncB (NKE)So, we are approaching the final semifinal match to set the mens Wimbledon finals. Americans will be rooting for Andy Roddick while Britain will be rooting for Andy

Bad news triggers a rally in the bond market: Filed under: Bad news, Market matters, RecessionUnlike the stock market, the bond market thrives on bad news. Why is this? The main reason is the money trail. Investors are quick to move

No-flipping, increased-capital rules proposed for buying troubled banks: Filed under: Private equity, Financial CrisisRemember the heyday of the housing boom when investors would flip properties? Speculators would put a down payment on a property, usually a new construction, and sell

Cramer on BloggingStocks: Don't paint everything with the jobs brush: Filed under: Apple Inc (AAPL), Market matters, General Mills (GIS), Yum Brands (YUM), Cramer on BloggingStocks, RecessionFrom TheStreet.com Network Unemployment Rate Climbs to 9.5% Todays Outrage: Companies Lack Courage TheStreet.coms Jim Cramer says theres good in

Sprint Nextel, Leap Wireless stand to lose some business: Filed under: Consumer experience, Competitive strategy, Sprint Nextel Corp (S)When Sprint Nextel Corp. (NYSE: S) released a $50/month unlimited everything plan with its Boost Mobile prepaid unit back at the start of

Seven banks go up in smoke ahead of the holiday weekend: Filed under: Recession, Financial CrisisWhat a way to go into the holiday weekend, eh? On Thursday, seven banks were shut down by authorities, which pushed the total of failed banks for 2009

The Kirk Report

Sparklers: The End of the Recession? Economically speaking, were closer to bottom Are we there yet? Not quite Many challenges are still ahead The financial crisis in pictures New norm, bad norm More misery for U.S. housing? The spa indicator &...

ETFs Up +50% Since March 31st: At quarter-end it is always interesting to see what some basic performance scans show up. Case in point, the ETFs which are up more than +50% since the closing price on March 31st: The top performer has been the Emerging...

Madoff & M&A Monday: Good morning. Were set for a higher open at the start of this four-day trading week. News and data flow are on the slow side again, but there are a few noteworthy items to review including a plethora of merger...

Friday Mailbag: Its time for another mailbag. A lot of great questions have been sent in. Thank you! Topics for today include: Pyramiding A Devils Advocate On Real Estate Question On Options Trading The Danger Of Political Bias Is Market Timing Prudent?...

Top Stock Picks For 2009: One of the things I like to do around the middle of the year is to review some of the tracking lists that I create of those top stock picks for 2009 that we hear so much around the start...

Fearful Of The Fed: Good morning. Premarket futures are showing a positive bias following strength in overseas markets and a better than expected durable goods report. Other headlines in focus include earnings from Oracle, rising mortgage applications, the OECD raises its outlook for the...

On The Radar: CEOs stay pessimistic about economy A tale of two depressions A decent question - has the World Bank or IMF ever been right? Where are you in this cycle? Where we are in the cycle Long-horizon risk aversion creates headwinds...

Monday Headlines: Good morning. Premarket futures are pointing lower. Overall, news flow remains on the slow side as we start out the new trading week. Top headlines include a lowered outlook for global growth by The World Bank, insiders exit U.S. stocks...

Little To Work With: Market participants really had little to work with this week and it shows. For the week, the S&P 500 fell -2.64%, Dow -2.95%, Nasdaq -1.69%, and the Russell 2000 fell -2.68%. Depending on your point of view, this week was...

Shaking The Money Tree: Green shoots turning brownish Tracking the Second Great Depression A more balanced bull vs. bear debate First quarter wiped out $1.3 trillion for Americans Geithner says rebound will take time Feds Warsh warns of false optimism on U.S. economy The...

Emerging Markets: Pullback or Rollover: Its been awhile since weve seen a meaty pullback in the emerging markets area. This group lead us higher, so will it also lead us lower? Looking over the iShares MSCI Emerging Markets Index Fund ETF (EEM) (especially utilizing a...

Home On The Range: Although weve seen a couple of attempts to break out, we remain deadlocked in the same trading range weve been in since the first day of June. For the week, the S&P 500 gained +0.65%, Dow +0.41%, Nasdaq +0.51%, and...

Head Scratching: Fed Beige Book sees continued weakness Fresh data offers hope On the economy - have we hit bottom yet? 10 reasons the worst of the crisis is over 10 things that could still go wrong with the economy Bankers are...

Q&A With Larry Connors: In continuing this excellent series, Im pleased to present this Q&A with Larry Connors. For many of you, Larry needs no introduction as the CEO and founder of the TradingMarkets website and someone who Ive linked to his research and...

Hope Floats: Stocks kick off second-half with a win A wild ride so far A slip in consumer confidence Wall Streets fear gauge Stock market sentiment according to Google Trends Obama presents bill to create consumer-finance watchdog New financial commission is stuck...

Footnoted.org

GM: Please don’t buy our stock!: At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. Granted, the subject of the press release that accompanied

GM: Please don’t buy our stock!: At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. Granted, the subject of the press release that accompanied

Live blogging SEC meeting on pay: We’re listening in this morning to the SEC’s Open Meeting on enhancing proxy disclosures, a subject that we cover frequently here at footnoted. You can listen to the hearing yourself here or follow my live tweets (and others who are

Philip Morris is here to help…: Remember that famous phrase, “We’re from the government and we’re here to help”? Well, at a time when many governments are struggling to make ends meet Philip Morris (PM) says that they’re here to help.In this 74-page slideshow last Friday

New Foot Locker Executive Scores Big Comp Package: Who can blame Ken Hicks if he has a new spring in his step? Foot Locker just hired him to be its new President and CEO, and the exhibit to the 8-K that the company filed Friday afternoon reveals that

Fast food goes new media…: Until this week, it seemed fairly safe to suppose that an impenetrable divide existed between the world of SEC filings and the technophiles who have already downloaded MashDeck. And then we read the exhibit to this 8-K, which included one

Discover’s magic trick…: Yesterday, there was a lot of outrage over Citigroup’s (C) plans to raise the base salaries of its workers by as much as 50%, given that the government owns about 1/3 of the bank.What’s interesting is that Citi isn’t the

On dead frogs in SEC filings…: In nearly six years of digging through SEC filings, we’ve seen a lot. All sorts of things, really. But every now and then, we come across a filing that still surprises us. Like the 8-K that Expeditors International (EXPD) filed

Legg Mason calls it: The worst financial crisis: Unlike the SEC, which seems to be spending a lot of time reading the CD&A sections of various proxies, we don’t tend to spend a lot of time with that section, because, quite frankly, it’s all too often boring boiler-plate.

Beach reading: Chesapeake’s annual meeting transcript: The weather may not exactly be cooperating here in the New York area, but it’s now officially summer, which means it’s time to pick up something a bit less serious to read. Since we’re not big fans of chic lit,

Another day, another option exchange program…: Lately, it seems like hardly a day goes by when some other company isn’t rolling out an option exchange program. The filings are virtually identical with stories of woefully overpriced options damaging employee morale. Footnoted regulars may remember that Google

PacSun’s CEO training program…: Yesterday, Pacific Sunwear (PSUN) announced that it had hired Gary Schoenfeld, the CEO of Vans Inc. and that Sally Frame Kasaks would be stepping down at the end of the month.But the outgoing CEO will continue to collect her regular

Bankers feasting on Schering-Plough/Merck deal…: Yesterday, Schering-Plough filed this amended S-4, updating information in their May 20 filing (which we footnoted here). While much of the information wasn’t new, there were some new disclosures on how much the bankers providing the advice to Schering-Plough and

Motorola’s growing fleet…: At a time when many companies are under pressure to scale back their use of the corporate jet, and some companies are actively selling their jets, Motorola (MOT) doesn’t seem to have gotten the message. Though we missed this in

Amazon at the Friday night dump…: Late Friday, Amazon (AMZN) took a trip to the SEC filings dump and filed this 8-K announcing it had finally settled the five year-old lawsuit with Toys R Us for $51 million. The filing was just one sentence, but because

On Nathan’s and Coney Island…: Being a Brooklyn girl, I couldn’t pass up the opportunity to take a closer look at Nathan’s (NATH)10-K. Back when I was a science geek (instead of an SEC filings geek), I spent two summers working at the New York

Live blogging/tweeting House Fin Services hearing: This morning, we’re listening in on the House Financial Services Committee hearing on Compensation Structure and Systemic Risk.Right now, most of the members are making opening statements and to say that these canned statements don’t instill a lot of confidence

On Whitacre taking on GM…: Yesterday’s announcement that Ed Whitacre would take the reigns of “the new GM” (GMGMQ) kind of caught me by surprise. Here’s a snip from the press release:“The appointment of Ed Whitacre as chairman represents a very auspicious beginning for the

On M&A math…: Whenever a deal is announced — and a bunch of them have been lately — there’s the inevitable press release that talks about synergies and how the deal is going to enhance shareholder value. Indeed, that’s pretty much a mandatory

Lending Club’s full disclosure…: We had never heard of a company called Lending Club before, but when we came across this filing from late Friday, we decided to take a closer look. Turns out that Lending Club, which basically allows people to make loans

TraderFeed

Evening Briefing for July 5th: * MARKET THEMES FROM THURSDAY - Weakness on unemployment data leads to a downside breakout in stocks; sectors enter bearish short-term trends; new 20-day lows exceed new highs, with significant downside momentum in the broad market. Rates fall on 10-year

The Importance of Listening to Yourself: A fundamental reality underlying trading psychology is that we know more than we know we know. Much of what we know is a felt, gut hunch--not a set of explicitly formed ideas. Those internal cues are lost when we are

Sector Update for July 5th: Last weeks sector review indicated that we were in a corrective mode, in which stocks were trading within a broad

Sentiment Cycles in the Stock Market: The recent post on market momentum and Demand/Supply reflects part of a larger conceptual framework that has served me well over years of trading. The theory is that the stock market moves in aperiodic cycles in which momentum extremes tend

What Are Reasonable Performance Expectations For Traders?: How do I know if Im doing well--or poorly--as a trader? That is the topic of an insightful question from a reader:The question that no one has answered to my satisfaction goes to theheart of managing my expectations. It is

Readings and Resources for a Holiday Weekend: * What should I be trading? ETF Rewind is an exhaustive review of ETF performance, with mechanical timing signals, performance of ETF pairs, and much more;* Excellent Spanish language site; here is their posting of economic releases for the week

When Should I Consider Joining a Proprietary (Prop) Trading Firm?: Im receiving a number of emailed questions regarding joining proprietary trading firms. These are professional trading firms in which traders trade the firms capital and share profits with the firm. I will post some updated advice to the blog shortly.

Demand and Supply: A Look at Bullish and Bearish Stock Market Momentum: If you click on the chart, youll see a 60-minute rendering of the S&P 500 e-mini (ES) futures. Note the

Evening Briefing for July 2nd: * MARKET THEMES FROM THURSDAY - Economic weakness on the heels of the weak unemployment report; breakout below multi-day trading range; strong U.S. dollar; weak commodities; falling 10-year Treasury rates. Broad market decline: 293 20-day highs; 696 lows. Looking ready

More Shifting Opportunity in Stocks: When is the Market Moving?: Heres an addendum to the recent post on shifting opportunity in the stock market. If we look at the S&P 500 Index (SPY) since the March low, we find that SPY gained 12.17 points during thier day sessions from the

Fascinating Finding: Shifting Opportunity in the Stock Market: How much movement can we expect in the U.S. stock market (S&P 500 Index; SPY) during the day session, and how much movement can we expect overnight?It turns out that the ratio of day movement to overnight movement has been

Morning Briefing for July 2nd: On the heels of the weak unemployment report, weve broken below the range noted in the evening briefing. Dollar strength

Evening Briefing for July 1st: * MARKET THEMES FROM WEDNESDAY - Rise during early trade fades, keeping us in trading range; oil fell during the session; U.S. dollar strengthened; gold tailed off after early strength; 10-year Treasury rates fell. Energy, materials, banking shares weak; consumer

Trading With Odds on Your Side: Once you identify key price levels during the trading day, such as the pivot-derived price targets that I publish each morning prior to the open via Twitter, its possible to conduct research pertaining to the odds of hitting those levels

When Volatility is Falling But Stocks Aren't Rising: I recently posted on the topic of historical market investigations and how those can aid ones feel for markets. I find they can also provide longer-term context and ideas for short-term traders.Heres a simple example. VIX has been making 20-day

Morning Briefing for July 1st: Going into todays open in the S&P 500 Index futures (ES), note how we held support yesterday just below the

Evening Briefing for June 30th: * MARKET THEMES FROM TUESDAY: Concerns over economic weakness following weak consumer confidence number; weak oil, gold; falling rates; strengthening dollar; some reversal of these themes late in day, with stocks finding support below ES 910; good site for daily

Details on the Chicago Trading Seminar: This is a follow-up to the notice for the Chicago trading seminar for those who have registered to attend. The event is booked solid with a waiting list; although it will not be recorded, we will be posting PowerPoint slides

Looking for a Market Transition: Looking at a possible transition pattern in the ES market: high volume selling becomes low volume selling becomes net buying.

Anatomy of a Stock Market Breakout: After trading in a narrow range overnight and early in the morning, consumer confidence data came in much weaker than

Random Roger's Big Picture

Sunday Morning Coffee: This weeks Barrons interview was with Burton Malkiel author of the book A Random Walk Down Wall Street, professor at Princeton, champion of index investing and CIO at AlphaShares. There were many interesting comments and ideas; enough to make an

Tuesday Tidbits: First up a reader asked what I though about the Eaton Vance Risk Managed Diversified Equity Income Fund (ETJ) which is a closed end fund. The reader notes it sells puts and buys puts along with owning common stocks. Aside

The Big Picture for the Week of July 5, 2009: No video this week, the mountainside is crawling with in-laws and my routine this weekend is all cattywhompus. The most exciting part of my Friday was that Barrons was online a day early. I can only remember one other time

Oh, So Now There Are No Green Shoots?: By now you know the non-farm payrolls report came out and the job loss for June was worse than expected, fortunately the weekly jobless claims number stunk too (small humor attempt). And of course the stock market puked down yesterday.The

Norway Is the Safest Sovereign Credit: This is probably not shocking if youve been reading this site for a while. The big picture view is that Norway

Too Much Speculation?: Theres been a lot of Bogle talk lately where he bashed specialty ETFs for being, among other things, tools for speculation. Over-simplifying his view he believes in proper asset allocation and holding cheap, broad-based mutual funds throughout. He seems to

Specialization Evolves: Late in August I will be speaking about ETFs at an event called the Money Show in San Francisco. In addition to the two panels I am on I am writing an article for some sort of publication connected to

Sunday Morning Coffee: In the last couple of days theres been a real retirement-palooza around the interweb. Unfortunately most of the articles contradict each other. Oops.First up is an article from Michael Panzner passing a long some gloom about the economic storm that

The Big Picture For The Week of June 21, 2009

Mr. Forest, meet Mr. Tree: A great discussion broke out yesterday in the comments about the merits of the Permanent Portfolio concept which has been a

The Latest From Hugh Hendry: He says quantitative easing occurred from 2002-2007.

The Quarter Is Over: As a philosophical matter I think highly of the concept of living in the moment or focusing on the journey as opposed to the destination. Anyone believing in this sort of thing thinks it is a healthier way to navigate

Bailout Nation Review: Trying something new with the posting so bear with me.Well I finally got around to reading Bailout Nation. If you want to save some time this morning then just go buy the book, read it and then plan on reading

Jeremy's Spoken: If youve ever been a fan of Grunge Music then the title of this post might make sense to you.Naked Capitalism

Krugman or Ferguson, Who Is Right?: You may be aware of a disagreement between Paul Krugman and Niall Ferguson (not to be confused with Turd Ferguson) about

Twofer Tuesday: IndexUniverse had an article up yesterday about the rebalancing at Russell Investments that occurs every June and was just implemented for 2009. IU seemed most interested in the increasing presence of Chinese stocks.The five largest stocks in the Russell Global

Who Is Looking Out For You?: An interesting couple of comments popped up on a post at Seeking Alpha by Felix Salmon about recent comments from Jack Bogle about ETFs. One reader said about actively managed funds And where were the fund managers whom Id counted

There Will Be Work: We have a fenced in pen off of our deck for the dogs to have a little bit of room to explore and play. A couple of weeks ago our two smallest dogs got out after something (maybe a squirrel?)

Sunday Morning Coffee: J.D. Steinhilber has a very good article up at IndexUniverse that is a good read. It included the following nugget;Emerging markets

100 Shares of Iraq Bell?: I meant to get to this earlier but a company called Auerbach Grayson is going to be the first US firm

Ticker Sense

Oil Remains Highly Correlated to the S&P 500: On a rolling 200-day basis, oil is now more correlated to the S&P than any other time in the last twenty years. Below we picture the correlation of oil versus the S&P on both a 50-day and a 200-day basis....

June 29th Blogger Sentiment Poll: Bloggers are mostly neutral in what is expected to be a quiet week. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Carl Futia (+) Dash of Insight (-) Elliot Wave Lives On (-) Fallond Stock Picks (-) In the Money...

Crude Contracts Expire Today: The last trade for the front month crude contract is today, and strange price fluctuations have often been cited as the contract nears closing. Today oil is down over $2, in the past this kind of change might have been...

June 22nd Blogger Sentiment Poll: Most bloggers are neutral going into the week. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Ahead of the Ticker (N) Carl Futia (+) Dash of Insight (N) Elliot Wave Lives On (-) Fallond Stock Picks (-) In the Money...

June 15th Blogger Sentiment Poll: There are more bears than bulls in this weeks poll. Blogger Sentiment Poll Participants: 24/7 Wall St (-) Ahead of the Ticker (N) Carl Futia (+) Dash of Insight (+) Elliot Wave Lives On (-) Fallond Stock Picks (-) In...

Have Earnings Expectations for the S&P 500 Finally Bottomed?: Since September of 2008 we have seen 2009s YoY earnings expectations for the S&P 500 steadily decline. You may recall that for the first half of 2008 many analysts were expecting an earnings recovery, and thus forecasting 20 - 25%...

Birinyi In the News: Laszlo Birinyi will appear on CNBC Thursday, June 11th between 9:30 and 10:00 to discuss his outlook for the US equity market.

New Equity Analysis Tool From Birinyi Associates: Birinyi Associates recently released a brand new kind of database covering fundamentals and trading parameters for 1,500 US stocks. As a special promotion here on Ticker Sense we are making this tool available to our readers for a limited time....

June 8th Blogger Sentiment Poll: Blogger Sentiment Poll Participants: 24/7 Wall St (N) Carl Futia (+) CrossingWallStreet.com Daily Dose of Optimism (-) Dash of Insight (+) Elliot Wave Lives On (-) Fallond Stock Picks (-) In the Money Information Arbitrage (N) Learning Curve (-) MaoXian...

June 1st Blogger Sentiment Poll: Bloggers are neutral going into the new month. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Ahead of the Ticker (N) Carl Futia (+) Daily Dose of Optimism (-) Dash of Insight (N) Elliot Wave Lives On (-) Fallond Stock...

May 26th Blogger Sentiment Poll: Bloggers were mostly neutral at the end of last week. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Ahead of the Ticker (N) Carl Futia CrossingWallStreet.com Dash of Insight (N) Elliot Wave Lives On Fallond Stock Picks In the Money...

May 18th Blogger Sentiment Poll: Blogger Sentiment Poll Participants: 24/7 Wall St (N) Ahead of the Ticker (N) Carl Futia (+) CrossingWallStreet.com Dash of Insight (+) Elliot Wave Lives On (-) Fallond Stock Picks (-) In the Money Knight Trader (N) Learning Curve (-) MaoXian...

S&P 500 Net OB/OS Reading: On this blog we commonly refer to the overbought and oversold characteristics of stocks, indices, commodities - anything with a price. There has been some question about what methodology we use to determine the thresholds of overbought and oversold. Birinyi...

S&P 500 & Sector P/E Ratios: When S&P first created the GICS sector classifications in 2001 pricing was backdated to 1989 and fundamentals were provided starting in 1994. Since then, on a diluted basis, the P/E ratios for eight of the ten sectors and the S&P...

May 11th Blogger Sentiment Poll: There are slightly more bulls than bears in this weeks poll. Blogger Sentiment Poll Participants:27/7 Wall St (-) Ahead of the Ticker (N) Carl Futia (+) Daily

Overbought / Oversold: Dow 30: Below we highlight one of our most closely followed customizable products. This overbought / oversold report on the thirty members of the Dow Jones Industrial Average highlights trading parameters based on the fifty day moving average. Alcoa, American Express, and

Overbought / Oversold: Dow 30: Below we highlight one of our most closely followed customizable products. This overbought / oversold report on the thirty members of the Dow Jones Industrial Average highlights trading parameters based on the fifty day moving average. Alcoa, American Express, and

Energy Sector Performance: Better Than the First Glance: Since energy stocks bottomed on 3/5/09 they have rallied back 26.68% versus a 34.72% gain for the S&P 500 during the same period. At first glance we see that energy has lagged the market by 8.04%, but the performance of

Energy Sector Performance: Better Than the First Glance: Since energy stocks bottomed on 3/5/09 they have rallied back 26.68% versus a 34.72% gain for the S&P 500 during the same period. At first glance we see that energy has lagged the market by 8.04%, but the performance of

Reminiscences Growth Portfolio Up 20%!: As of yesterdays close, the growth portfolio highlighted in Reminiscences (Birinyi Associates monthly newsletter) was up 20% for the year. Two of the stocks recently added on April 29th were up 10% each.Click here for more information on the newsletter.

Gannon On Investing

Suggested Link: Charlie Munger Op-Ed: Warren Buffetts business partner, Charlie Munger, writes an op-ed in the todays Washington Post.Read How We Can Restore Confidence by Charlie Munger.

On the Geithner Plan: Yesterday, the stock market tanked as Treasury Secretary Geithner outlined his financial stability plan. Blogger Felix Salmon noticed the mirror image:“I like the symmetry here. On November 21, when Barack Obama announced that he was nominating Tim Geithner to be

On the President's Address: President Obama spoke about the economy last night. I am not a political commentator, so I may not be able to correctly score the politics of the fight.The President began by painting gloomy word pictures of a Depression – without

New Podcast Episode: Friday, February 6th, 2009: A new episode of the Gannon On Investing Podcast is now available.

New Podcast Episode: Thursday, February 5, 2009: A new episode of the Gannon On Investing Podcast is now available.

New Podcast Episode: Wednesday, February 4, 2009: A listener asksMuch of the focus in value investing texts is on finding the rightcompany at the right price, very little time is spent discussing whento sell. Since the decision to sell is contextual to each investment Iwould like to

New Podcast Episode: Tuesday, February 3, 2009: A listener asksHow can I apply the concept of intrinsic value to currencies in my international investments? I know how to handle business risk and market risk - but how can I apply the principles of value investing to exchange

New Podcast Episode: Monday, February 2, 2009: A listener asksWhen should you focus on free cash flow and when should you focus on earnings?I answer

On Buffett and Derivatives: Review by Geoff GannonJanet Tavakoli’s Dear Mr. Buffett is an unusual amalgam of a simple,

New Podcast Episode: Sunday, February 1, 2009: A new episode of the Gannon On Investing Podcast is now available.

New Podcast Episode: Saturday, January 31, 2009: A listener asks...You mentioned that an hour a week is not good enough for being a successful investor. My question is how much time is enough? I make an effort to read industry news articles and read several value investing

New Podcast Episode: Friday, January 30, 2009: A listener asks...1. Mohnish Pabrai is about as close to mimicking the Buffett partnership as there is out there right now. What are your thoughts on his recent change in approach to diversification? I understand that hes still remaining concentrated,

New Podcast Episode: Thursday, January 29, 2009: A Listener Asks...Im a computer programmer by trade, as such I find that most of the companies that fall within my circle of competence are tech companies. Should I be concerned about my portfolio being very (perhaps overly) concentrated in

New Podcast Episode: Wednesday, January 28, 2009: A new episode of the Gannon On Investing Podcast is now available.

On Buffett's Big Blunder: Warren Buffett is getting a lot of criticism for a big blunder. He sold put options on four stock indexes – including the S&P 500. Buffett described these derivatives in his 2007 letter to shareholders:“Last year I told you that

Suggested Link: Charlie Munger Op-Ed: Warren Buffetts business partner, Charlie Munger, writes an op-ed in the todays Washington Post.Read How We Can Restore Confidence by Charlie Munger.

On the Geithner Plan: Yesterday, the stock market tanked as Treasury Secretary Geithner outlined his financial stability plan. Blogger Felix Salmon noticed the mirror image:“I like the symmetry here. On November 21, when Barack Obama announced that he was nominating Tim Geithner to be

On the President's Address: President Obama spoke about the economy last night. I am not a political commentator, so I may not be able to correctly score the politics of the fight.The President began by painting word pictures of a Depression – without actually

New Podcast Episode: Friday, February 6th, 2009: A new episode of the Gannon On Investing Podcast is now available.

New Podcast Episode: Thursday, February 5, 2009: A new episode of the Gannon On Investing Podcast is now available.

Value Discipline

The Developing Compensation Philosophy of the Treasury Department: Here is a link to Gene Sperlings opening statement: http://www.treas.gov/press/releases/tg166.htm#_ftnref3There are some very interesting quotes that help to frame Treasurys philosophy re systematic risk and executive compensation in this statement.Compensation structures that permitted key executives and other financial actors to

Executive Compensation-Government is Not Going Away: Corporate governance is a topic that many of us tend to ignore, leaving it to the institutions or corporate raiders that are looking to influence the strategic direction, the capital allocation, the corporate structures or the compensation structures of business.Yet,

Happy New Year!: What can be said in New Year rhymes,Thats not been said a thousand times?The new years come, the old years go,We know we dream, we dream we know.We rise up laughing with the light,We lie down weeping with the night.We

Fair Value, Mark-To-Market and Financial Reporting-Another Revision?: Less than a week to go for 2008, and the Financial Accounting Standards Board (FASB) has a proposal which it has thrown into the arena to address the problem of fair value.Mark to market accounting has stirred up a very

Happy Holidays!: A simple and sincere message to all. Heres wishing you the best of holidays in this blessed season.Wishing all of you a Happy Hanukkah, a Merry Christmas, and peace!Looking forward to 2009, a Happy, Healthy and Prosperous Year for all!Rick

Stocking Stuffers: It has been a remarkable year. It has been year that many of us would just as soon forget. The cascading effects of deleveraging have been rampant across all markets.The financial turmoil of 2007-08-09? has deeply affected households as well

The Commodity Investment World Conference-Some Observations on Commodities as a Diversifier: For two days last week, it was my privilege to attend the Commodity Investment World conference through the courtesy of Seeking Alpha. A broad spectrum of commodities markets, their economics and approaches to these markets were discussed.Commodities conferences historically have

Analysts in the Confessional: So why the lag in taking earnings estimates down? NBER yesterday declared the existence of recession, yet analysts continue to be reluctant to fess up and mark down their numbers.In an interesting article in Australias Business Spectator this morning, two

Staying in the Game: My sincere apologies to readers I have disappointed in my absence over the last several months. As our business has grown, time has certainly been at a premium and unfortunately, we have neglected our responsibilities to this blog. We hope

The Success Effect: Business and investing is all about people. Great ideas are not just about numbers, and are not just about metrics. Developing an insight

Ben Graham meets the Exchange Trade Note part II: As discussed in the previous post, Nuveen has created an interesting Benjamin Graham based index. Here is a look at the Graham Small Cap Index constituents for the Benjamin Graham Small Cap Value ELEMENTS portfolio:A O Smith CorpAdministaff IncAdtran IncAlon

Ben Graham meets the Exchange Traded Note: Exchange traded notes (ETN) are a fairly new investment product that share some characteristics of exchange-traded funds, or ETFs. They are simply direct debt obligations issued by a bank or investment firm rather than an interest in a pool of

Book Review-"Even Buffett Isn't Perfect": I am a complete sucker for investment books. My wife accuses me of owning several thousand books that have essentially the same title, usually some variant of Value Investing, valuation, or intrinsic value, or securities analysis. Of course, I have

John Templeton- The Triumph of Optimism: Sir John Templeton passed away yesterday. He died, much as he spent his life, peacefully.Geoff Gannon (and it is great to have him back in the blogosphere) has an extensive list of articles outlining Templetons life as well as a

An Interesting Screen-Deteriorating Operating Margins and Increasing Capital Intensity: As one would expect, deterioration in operating margins will occur in economic slowdowns. Marginal competitors frequently will try to clear inventories at ever lower margins in order to generate cash flow. I am particularly interested concerned if a company exhibits

Recurring Revenues and Financial Services- The Competitive Moat of Fiserv: In our last post, we discussed the notion of recurring revenues as it pertains to companies in the industrial sector. The genesis of this idea was a reaction to the prevailing wisdom of many investment strategists to find recurring revenue

Recurring Revenues and Industrials: Economic uncertainty generally steers investors toward steady eddy businesses such as foods, consumer staples, healthcare and utilities. But what investors should be seeking is recurring revenues, predictable and stable revenues with a high degree of certainty.Recurring revenues are highly desirable

A Lemons Market- Information Asymmetry and Bear Stearns: Asymmetric information gets to the root of todays market problem in Bear Stearns. George Akerlof, Michael Spence, and Joseph Stiglitz won the 2001 Nobel Prize in Economics for their work in this area.Akerlof, who wrote the earliest paper in this

Beliefs, Perceptions and Reality-Semiconductor Capital Equipment: Growth has a seductive charm. There is a widespread belief that momentum drives growth and that a succession of knocking down challenges and consequent victories is what characterizes a successful business. But sustained growth is seldom straightforward. Sustained growth frequently

Renaissance and Revival: It has been an extraordinarily long time since I last published thoughts here for which I truly apologize. Needless to say, capital markets have been challenging and clients prefer a higher level of care and attention when markets are rocky.

NO DooDahs!

Automotive Annoyances: A few things that bothered me yesterday about the news coverage of the pending bailout for domestic auto(loan)makers.“GM makes cars nobody wants” Vs. “GM sold __ million cars in the U.S. in the last __ years”“Nobody wants” is an exaggeration,

Buy-A-Bank Bailouts: The Hartford (HIG), a.k.a. “The Neutered Stag,” has pulled a fast one! They bought a bank, just in order to get bailed out.In some bizarre way, this multi-national, multi-billion-dollar insurer can buy some tiny, eleven-branch-having, single state bank off of

Busy With Other Projects, Back Again Soon: No description.

Updates at The Rempel Report: Still no Timing signalValue Portfolio updatePersonal returns for October 2008

Piece of the Rock Randomosity: Get it, baby! Get a piece of the rock! Prudential Financial (PRU) reported yesterday. Lots of ways to put lipstick on this pig, and turn a loss per share into a “

ModernGraham.com

Insights on Mr. Market #1: Mr. Market always is moving his pricing back and forth. For a value investor following Benjamin Graham’s intelligent investing guidelines, that often provides opportunities to buy low and sell high; however, it can be difficult to understand Mr. Market’s motives.

Added and Updated Valuations – 6/22/09: Here is today’s list of valuations that have been added to our site. To view more, click on browse valuations in our navbar. We now have 15 in the database!EVEP – EV Energy Partners – Undervalued & EnterprisingHSR – Hi

Enterprising Investor Screens: These screens are for companies that may be suitable for the enterprising investor. The requirements of such an investor are that the company in question pass at least 4 of the following 5 tests:Sufficiently Strong Financial Condition, Part 1 –

Introducing the Bargain Basement Portfolio: While working on the section of my book (work-in-progress; please leave a comment to encourage me to finish it!) that will deal with Benjamin Graham’s net current asset value (current assets less all liabilities) approach, I found that there is

2009 Morningstar Investment Conference – 7: This morning during the general session, Mr. Robert Rodriguez of First Pacific Advisors provided the keynote presentation. Mr. Rodriguez began by explaining his recent announcement of his coming sabbatical, stating that it has been planned for six years and should

2009 Morningstar Investment Conference- 6: Thursday featured another break out session attended which featured Jeremy Grantham, co-founder of GMO. This session was primarily about where we are heading economically. Grantham was engaging and quite charismatic.Grantham used the analogy of a hurricane in Florida picking up

Enterprising Investor Screens – 7/2/09: These screens are for companies that may be suitable for the enterprising investor. The requirements of such an investor are that the company in question pass at least 4 of the following 5 tests:Sufficiently Strong Financial Condition, Part 1 –

Stock Market Beat

Capacity Utilization: St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry

Another Record: Capacity Utilization: St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry

Record Territory: St. Louis Fed: FRED GRAPH

Employment: Employment Situation Summary Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employ- ment has

Capacity Utilization: St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry

Gross Domestic Product: BEA: News Release: Gross Domestic ProductReal gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 3.8 percent in the fourth quarter of

St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry: St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry

Berkshire Ruminations

Buffett was wrong about this one. (Unfortnately it is the most important one of all.): This is an issue that has become very important to me lately, and I hope readers will be patient and read through my thoughts. It is not a pleasant topic and most people would prefer to pretend the problem doesn’t

At what point does Berkshire get "stupid cheap"?: I own a lot of Berkshire stock. I don’t like seeing it go down because I don’t have a lot of liquidity at the moment, otherwise I would welcome the buying opportunity. But this begs the question, is this indeed

RBP Investing Update: Back in June I mentioned on this blog that I had started working for a company called Transparent Value, which developed the Dow Jones RBP Indexes based on their proprietary methodology called Required Business Performance, and that I had been

Fundamental Value Investors: Characteristics and Performance: My good friend Wes Gray and I recently wrote an academic paper about value investors. Wes is a fellow coauthor mine over at the Empirical Finance Research blog. In our paper we analyze the investment recommendations on the website Value

Doing the math on CEG (back of the envelope): I post this not as any type of authority, but just to figure it out for myself. Can anyone explain better than I have here why CEG stock fell yesterday?This past summer MidAmerican Energy agreed to acquire all outstanding shares

Thoughts on a Big 3 "Bailout": With so much talk, debate and controversy over the idea of “bailing out” the Big 3 automakers, I find it amazing that so little of this discussion has been on the topic of bankruptcy. The media, congress and the Big

Merger Arbitrage Mania!: I haven’t heard a lot of discussion about this, so I thought I would put my thoughts down on this blog, because to me the phenomenon is pretty obvious. There is some serious value out there right now, and for

Victory for Wooden Arrow Advocates: It was a glorious evening yesterday when the U.S. Senate passed its version of H.R. 1424, the package of legislation representing Congress’ half-hearted attempt to stabilize the economy. It was glorious for all those of us who have striven so

PS - Where's the hedge funds' bailout?: As the day has worn on, I am getting convinced this is political because here is what Ive been told. Hedge funds are evil. Short sellers are evil. Even the SEC is evil - and that was before it decided

Oh, so now it's the shorts' fault?: Nothing surprises me these days. But that doesn’t mean it doesn’t concern me. This short selling ban is, without question, the scariest thing to come out of the whole mess.And it is not that I don’t have perspective. The meltdown

Thoughts on Anheuser Busch and InBev: I have always had warm feelings towards Anheuser Busch. Growing up in the St. Louis area I couldn’t help it – afternoons at Grant’s Farm, countless Cardinal games at Busch Stadium and the occasional brewery tour. AB is all around

USA Today: There was a good article recently in USA Today about Warren Buffett that quotes me, among others. http://www.usatoday.com/money/markets/2008-06-04-warren-buffett_N.htm

RBP Investing: As some readers may know, I recently started writing a couple of new blogs. One is called RBP Investing. RBP stands for Required Business Performance and was developed by a company in New York called Transparent Value. RBP is a

Fox Business Network Buffett Special: I received an email from a representative of Fox Business Network telling me about the special they are doing at the meeting this weekend. I agreed to publicize it for them, but have to wonder why Liz Claman didnt request

Wrigley Deal and the Annual Meeting: I have been hesitant to jump to many conclusions about the Wrigley deal because I think there are still a lot of unanswered questions about Berkshires involvement in it. Hopefully many of the details will be explained this weekend at

Another Hilarious Screen Capture: Could someone tell me how this headline ended up on Google Finance?

To Whom it May Concern:: This blog is not dead. I am just taking a break. Lots of personal stuff going on, including the recent birth of my first son. I had hoped to work out a combination of names such that his initials would

Buffett Videoconference at MU on Friday: I thought I might help publicize the University of Missouri Trulaske College of Business 2008 Forum on Emerging Issues & Trends in Real Estate. That is mouthful. What it means is that on Friday as part of a symposium on

A few thoughts on the Bear Stearns situation: The first lesson that came to my mind when I heard about this debacle was straight from Buffett: Don’t buy what you can’t understand. Was Bear a simple and understandable business? Of course not. Their investments were so complex that

Empirical Finance Research Blog: If you are interested in financial research you may want to check out a new project I am starting with a friend of mine who is a PhD student at the University of Chicago. It is called Empirical Finance Research:http://empiricalfinanceresearch.blogspot.com/Our

Investment Ideas

Permanent Shutdown: Id like to announce my permanent hiatus from the blogging scene. Ive utilized the blog to leverage my knowledge and show my passion for the business, which has served me well, as Ive learned from this experience a great deal

The Monday Edition- Fixed Income Strategy For This Week & Speculative Trade (ENCY): Ive finally got some spare time, so thought Id share my thoughts on one wild week were going to have.The price action in the US 10-year Treasury yields last week was extremely bearish as the bull channel in place since

Buy MNT (Short-Term Trade): Rationale: 1) With 16% of its float sold short, or 6,537,400 million shares, with 4.3 days to cover and average daily trading volume (3m) of 888K, it will take 7.36 days to cover the entire position.2) On a fundamental level

Stamp duty China impacts 1991-2005: Yes, I know Im on a hiatus, but that doesnt mean I cant take a minute out to re-print something useful I received in the e-mail from someone who would rather not be named.Oct. 1991 - The Stamp Duty was

Featured In Globe & Mail: It is my first time in the Globe & Mail, which is Canadas NYT, and first time in print (no online version). Im thankful to God, GM and everybody else who takes time to come here. Ill sure miss you

Blogging Hiatus: Internship Time: For this summer, I had some good offers, thanks to God, from Barclays (Dubai), UBS (LA) but I chose a firm in the HF industry.I posted their name and a few clients, but have been advised by a friend to

Hedging w/ Futures & Options: Bullish, Bearish & Neutral Strategies: As you know, were in the third year of the presidential cycle, which on a historical basis has been quite bullish for the markets.The DJIA has risen 24 times and fallen 5 times in the 29 third calendar year of

Win A Copy Of Bank Asset & Liability Management: Im delighted to announce that institutional readers (please e-mail me from your corporate e-mail) can win a copy of Bank Asset & Liability Management by Moorad Choudhry (Head of Treasury at KBC Financial Products, derivatives arm of KBC Bank).BALM is

Closed-End Funds To Consider- UTF, SRO, ESD: Ive compiled a list of closed-end funds selling at a discount that you should consider. Besides looking for funds selling below NAV, I looked for companies which have are rated at least 4/5 from Morningstar, have a good 3 year

Is It Time To Buy Gold? (Updated 2 pm): Theres a ratio I like to look at for timing buy/sell decisions in Gold. This ratio, Gold/Oil, helps to identify overbought and oversold opportunities for gold. The chart below shows buying gold when the ratio is 8-10 usually pays of

Thoughts On UK- Policy, Deficits & More: Gordon Brown eagerly awaits June 27th, when Tony Blair will step down as Prime Minister. The initial policy impact of a change in leadership will likely be minimal, as the Chancellor has been the architect of the administration’s economic and

The Monday Edition- Latin America Outlook- Part 1: Brazil & Argentina: Current account surpluses, debt reduction, commodity prices and steady capital remittances remain drivers of exchange rate stability, attracting yield-hungry and aggressive growth investors.The key countries in Latin America have opted to implement alternative exchange rate regimes, but the majorty have

Charity Is Important: Three You Can Donate To Right Now!: It is important that you give back. While weve all been told that, truthfully how many of us actually act on that? There are hundreds of charities, no thousands, of them out there trying to make a difference one way

Thank You FT Alphaville: Just recently FT Alphaville started a blog roll and had me alongside 21/22 excellent blogs. So this post is a Thank You! to their editors for deeming my blog worthy of their time.Much appreciated!Yaser

Managed Accounts- What You Need To Know: Recently I got an e-mail from a lawyer dealing with documenting fund of fund financing who wanted to know more about- Managed Accounts. I liked what I said, so heres a re-print w/ few exclusive additions.Under the managed accounts platform,

Central Banks- A Macro View: Capital flows into emerging markets, driven by a combination of expected stock market gains, currency appreciation, and in some countries high interest rates, have been of increasing concern for central banks. Across the emerging market countries, FX reserves surged by

What's Up With Calpine (CPNLQ)?: Fundamental Picture:WSJs Head On The Street column had a good article on Calpine, so Im going to reprint the necessary excerpts.Plugging Into CalpineCalpine recently told the U.S. Bankruptcy Court for the Southern District of New York that it is considering

Time To Buy NYSE Euronext (NYX): Fundamental PictureHigh margins and return business with secular drivers. NYXs valuation does not fully reflect strength or persistence of growth. NYSEs recent merger with Euronext will enable it to benefit from Cost synergies arising from consolidating platforms and pools of

The Monday Edition- Singapore a) Govt.'s Public Policies & Investments, b) Economy, c) Main Risks.: This week I talk about Singapores: a) Govt.s Policies & Investments (pro-business growth), b) Economy (6-year unemployment low, bankruptcies falling and growth drivers) and c) Main Risks (severe slowdown in US IT imports).Singapore, Asias second richest country after Japan with

BBH Update: Recall on May 4th I posted patterns that were developing in BBH. My intention with this post is just to show that following chart signals for channel trading work. Its always great to have such patterns as the signals are

All credits go to the authors of these sites. Without their hard work Original Signal would not exist. Last updated on July 6th 2009 02:02 | Contact