First 5% Plus Month in 5 Years
My friend Josh points out: We have not had a 5%+ up month on the S&P since December 2003 — a streak of abut 62 months. With a...
Existing Home Sales Fall 4.6%
Home prices dropped 15% from the same period one year ago; Despite the price drop, sales fell 4.6%. How anyone can try to spin this as a...
Public-Private Investment Program
Later today, we get the gritty details about the latest bank rescue plan. In the WSJ, Treasury Secretary Tim Geithner details his new...
Obama on 60 Minutes
The 60 Minutes interview of President Obama by Steve Kroft: Watch CBS Videos Online Watch CBS Videos Online
US Futures Higher: Dow 212+
Good Monday Morning. Looks like we have green on the screen this morning, with markets recovering from Friday’s sell off in the...
The Week Ahead 3/23/2009
A busy week of data and hearings in Washington, with new and existing home sales highlighting the economic indicators. A final reading of...
Understanding Lehman & AIG
A quick Bailout Nation excerpt: The decision to allow Lehman Brothers to go belly up has been roundly criticized by many people as a...
Words from the (investment) wise March 22, 2009
Words from the (investment) wise for the week that was (March 16 – 22, 2009) Phew – what a week! What an announcement! The...
Investigating AIG
Everyone seems to be all abuzz about the Mike Taibbi takedown of AIG in Rolling Stone. Its a fun read — as is any piece that begins...
WAMU Sues FDIC for $6.5 Billion
Now ain’t this a bitch? Washington Mutual’s holding company is suing federal regulators for billions of dollars, saying the...