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 …
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 …
Everyone’s focus seems to be on GE and its earnings announcement scheduled for tomorrow. They pay $13 billion in annual dividends and that can probably not continue. Even though Immelt promised that ’09 would not see a dividend cut. The stock dipped below $12 (down …
Jamie Dimon makes Ken Lewis of Bank America (bought $1.2 mil worth of stock) look like a piker after Dimon forks out $11 million for JPM stock. Today was a good little spike, no question. But it will take a few days, until next Tuesday, …
How can you beat it? Down 300 on Tuesday and up 280 on Wednesday! Pretty impressive as the markets finished on its highs. But short covering may have accounted for that. Individual stock moves of 5%-30% a day are pretty much the norm. Why buy-n-hold, …
Markets at mid-day seem to be ignoring the price action of GE. GE reports on Friday and there is the spectre of lower earnings, a dividend cut and ratings downgrades. Evidently, the current price of $12.50, discounts these potential events. The other two market leading …