Well, the big news of the day is Google, if you hadn't heard, up 17% on last night's earnings news which assured investors that weaker paid click survey statistics from the past few months were not indicative of th...read more
The stock market is doing quite nicely today with the S&P and Dow both up about 1.4% and the NASDAQ Composite up over 2%. Intel's better than expected earnings and decent guidance for the PC market are likely stoki...read more
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Earnings in Earnest and Taxes they Taketh
While there were a few earnings reports last week, the numbers should start flowing in earnest this week with companies like IBM, Google, Harley Davidson, Schwab and Schlumberger all scheduled to give us some insig...read more
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Bringing Good Things to Light
The news of the morning is General Electric. The company's earnings came out and missed expectations by about 7 cents on the bottom line and a billion or so on the top line. General Electric in many respects is lik...read more
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Venturing Out
The weather has ruffled the feathers and excited the senses of all who live, eat and breathe in Northeast, Ohio --both man and animal alike. We're starting to venture out from our winter nests up here, taking walks...read more
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April Fool's?
The markets are starting the second quarter off with a bang, with most indices soaring upwards just shy of 3%. This morning, UBS announced further write offs totaling $19 billion, which is apparently some pretty go...read more
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Our Thoughts Exactly...
We have mentioned several times in recent posts about our belief that the latest rise in oil and other commodities appears to be speculative due in large part to the lack of participation in the underlying stocks. ...read more
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RISE VIII meets Rocky IV
As discussed in our last entry, Jeff and I attended the 8th annual RISE Investment Symposium put on by the University of Dayton last week. The event has grown immensely over the last eight years, drawing over 2700 ...read more
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The University of Dayton's RISE Symposium
Jeff and I will be traveling to Dayton later this week to attend and present at the University of Dayton's RISE Symposium. This now global event was started over eight years ago as a forum for students at a few col...read more
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Bear Stearns -- Arisen?
The markets are enjoying another strong rally today, driven by a possible floor in housing sales and rumors that the Fed may start to purchase poorly performing mortgage loans rather than simply accept them on REPO...read more
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Commodities Update and News You Can Use
Commodities, including oil, gold and the agricultural variety, have been under pressure over the last couple days. It is, of course, anyone's guess as to why they've finally pulled back, but there is no doubt that ...read more
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The Sacrifice of Bear Stearns
I know alot of great folks at Bear Stearns. The analysts, salesmen, and strategists at the firm -- now a chapter in history -- have always provided great research insights, excellent execution of trades, and outsta...read more
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What's An Investor to Do?
The markets were all set to open on a strong note this morning following the release of more favorable short term inflation data, but quickly plunged almost 3% following news that Bear Stearns is at risk of going o...read more
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Thinking More About Offense
The action of the markets in the last week, particularly the internals as measured by industry, subsector industry performance and economic data releases, suggest that the greatest risks to the stock market may con...read more
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Moving to Hyperdrive
The Federal Reserve Board made a stunning and welcome announcement this morning, reversing yesterday's sickly display put on by the markets. In effect, the Fed announced that they would lend up to $200 billion in t...read more
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No Place to Hide
No place to hide. That's about all I can think right now. Materials related stocks are getting it on the chin today and are down as a group by nearly 5%. With the exception of oil which is hitting $107 per barrel, ...read more
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For What It's Worth, An Important Turning Point?
The intra day swings in the market continue to be swift and severe. So much so, that it's much easier on the mind to just turn off one's machine and focus on other more pressing matters, like why my electric bill k...read more
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Texas Versus Ohio: Basic Economics
There is an excellent editorial in today's WSJ comparing the economies of Ohio and Texas as both Hillary and Obama zero in on tomorrow's key primary votes. In contrast to Texas which is creating plenty of jobs for ...read more
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Pigs, Hogs and Nasdaq 5000
Today's Wall Street Journal has an article titled Commodity Prices Surge, as Investors Seek A Haven. Several points of view from this article echo comments we made in our Economic Update last Friday titled Commodit...read more
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Words Worth Sharing
Following up on Jeff's entry from yesterday, we found the following words from a report issued by Merrill Lynch today to be in line with our current thinking on the homebuilders. We've often compared the performanc...read more
