WTF Headline of the Day: “Dow 18,500? Believe It”
I got a huge kick out of this headline last night: Dow 18,500? Believe It http://biz.yahoo.com/ms/080212/228434.html?.v=1...
The Flawed Fed Valuation Model
There are lots of things that investors believe which I find perplexing. The Superbowl indicator is one, but the oddest to me is the...
Equities, Earnings and Recessions
There they go again. The disinformation crowd is busy trying to confuse you, sucker you, make you lose money. It’s not a conspiracy...
Profits vs Cash Flow
Mike Panzner passes along this intriguing chart: Not only are corporate profits at unsustainable 40-year highs relative to GDP, cash flow...
Goldman Sachs: Sell Tech Selectively
Yeoman’s work by Barron’s Eric Savitz, who pens the must read techblog Tech Trader Daily, in assembling a laundry list of...
More Off-Balance Sheet Risks: Conduits
(Alt title: Move over FASB 157 — FIN46-R is in town). While investors of banks and brokers breathe a sigh of relief over the...
Citibank Receives Emergency Cash Injection
Abu Dhabi to the Rescue! Late last night, the WSJ reported Citigroup will receive a $7.5B cash infusion from the governmental investment...
Subpar Scorecard
Its travellin’ time, as most traders are en route back from where they were for Turkey day. For those of you left behind,...
Read it here 1st: Profits Flip Negative for Q3
On Friday, Merrill Lynch’s David Rosenberg notes that with "90% of the companies reporting, third-quarter earnings per share...
Fannie Mae: Ouch!
On Friday, we noted that Fannie Mae Looks Like Hell. In the weekend linkfest, we noted the Fortune article about Fannie Mae, as well as...