the “Greenspan Lag”
Interesting article in Business Week: Relax and Enjoy the “Greenspan Lag” EXCERPT: The Fed chief has a history of waiting...
$11.8 billion in punitive damages?
The Associated Press is reporting that an Alabama state jury ordered Exxon Mobil to pay $11.9 billion — $63.6 million in...
Wal-Mart dumps cold water on U.S. economic bulls
Wal-Mart to Mega Bulls: Umm, sit down a moment — can we talk? The retailing giant not only missed the Street’s third-quarter...
Momentum, Value, Stimulus & Earnings
After 3 lackluster days of modest selling, the Bulls reasserted themselves yesterday. The markets’ strong up day was on moderate volume...
Insider trading & Martha
Corp Law Prof Bainbridge has a rant about why Martha Stewart has not committed insider trading. Its a good piece, filled with solid...
Oil Prices Approaching Resisitance
Crude prices are approaching a critical level; NYMEX Crude has — quietly — risen 15% since its early Autumn price of $27. Its...
Apple’s iTunes wins “Coolest Innovation” of...
The 99¢ Solution: Time magazine picked Apple’s iTunes as the “coolest new technology” in the music category for 2003....
Digestion or Indigestion?
After a healthy run up in the indices, the markets have been churning, unable to make much upwards progress. This lack of progress has...
Charts of the Week: Payroll vs GDP
Payrolls rise for the 3rd consecutive month; Net job creation will start occurring when the change in payrolls is plus 200,000. Change in...
Striking Oil: Another Puzzle
Last week, I referenced an article — “Need a New Barometer for Stocks? Try the Price of Oil” — which discussed...