On a day when 68,000 reported jobs were lost the market behaved surprisingly well. S&P 850 remains a stubborn upside barrier. About 10:30a we crossed to 852 but declined to 827 about 2:30p before closing at 837, up .56%. Advancing issues led decliners but there …
Good, good movie. But I don’t think it is, as one of my neighbors suggested, “a life changing experience”. But it is very entertaining with memorable characters and it is one I’d see again. I have the feeling Gran Torino will have a long shelf …
Wondering how long Ken Lewis has before Hugh McCall is recalled at BAC: Thain Strikes Back: Bank Of America Knew Everything (BAC) Comments on the declines in Education stocks: “Shares of private higher education companies are slumping, after Morgan Stanley suggested that the Senate may …
A good morning tape as traders ignore thousands and thousands of layoffs. The herd mentality, of which I am a great subscriber, dictates that we get in when others do and get out when others do. To lead the charge, rather than follow, provides the …
…..of despair arose today’s market. As noted earlier today there was no good news, none. Yet traders seemed willing to accept a higher level of risk than recently. I noticed the same yesterday as the close was pretty strong. A Friday close with strength is …
I like Ron Howard’s movies. Deemed a semi-light weight by hard-core Hollywood types I really enjoy his direction. In close ups, in Frost/Nixon, he must use lenses designed to photograph flowers. Close, close, close. His use of time, wasted some might say, is immensely powerful. …
As noted last week it is easier to state the negative case for almost anything than it is to state the positive case. So, we have a lot to easily talk about. To whit: Our Treasury plans on selling $135 billion in short term notes …
Wild gyrations today as the DOW had an almost 250 point swing–several times. The undertone wasn’t great as decliners beat advancers handily. But in cannot be denied the market had a bid under, especially in the last half hour. Importantly, the market didn’t give back …
Education services has counter-cyclical tendencies. As the economy slows the classrooms crowd. As of last fall there was a post secondary education population of 18.2 million of which 1.4 million attended for profit schools. This is demonstrated in the influx of new students attending via …
This almost makes me physically ill: Merrill Pays Itself Huge Bonus For Snookering Ken Lewis