As Goldman Sachs’ stock turned from red to green on Friday the DOW added another 125 points. The Financial stocks were the last major group to rise and were required for the first-of-the-year blow out. In five trading sessions the Dow has advanced more than …
My love for radio began when I was a child. We had a floor model combination radio/record player. After school I would sit on the floor in front of that huge contraption and listen to the fifteen minute shows. These transported me from rural Ohio …
Everything going along swimmingly. All bulls are geniuses today. The poor performance of financial sector is disconcerting. Especially Bank America. I am picking up rumblings that some investors may be concerned about the Merrill integration. Should this not go well it would certainly be a …
Being constructive about the market is easier to say than being bullish. Being bullish implies that all the indexes are headed up. Being constructive means that there are opportunities out there but I have no idea where all the averages will be in three months. …
This is an excerpt from a larger essay on two towns, South Royalton, Vermont and Mt Olive, North Carolina. The following recaps an extraordinary New Year’s Eve spent in Mt Olive two years ago. Mt. Olive, North Carolina December 31, 2006 Barbara Jean and Mr. …
Some links I have used over the last year and have bookmarked. THE SHARK REPORT The Shark, according to his bio, is/was a CPA. A man of few words he has an uncanny feel for the market’s direction and for day trading. Technology Investor …
High yield bonds continue to improve. According to Merrill Lynch, average risk premiums on junk bonds fell to 19.25 this week from 19.55 last week. Two weeks ago the premium was 20.18. With an historic default rate of about 4 1/2%, recent junk bond pricing …
Interesting divergence in the Euro/Yen pairs trade. Should it continue with an unexpectedly stronger Euro we could see more implementation of the Yen carry trade. This could lead to more cash being thrown into US equities. Lets watch this, a potential bullish scenario for US …
My wife and I smirked and snorted at some of the lines by the nun played by Meryl Streep. Both of us recall the stern looks, the blind obedience demanded and the harsh, unloving manner by our respective grade school principals. Doubt was probably a …
The stock is a momentum name and was hurt badly by fund liquidations. Stock is up from $33 this month so I will be careful with entry point. Bunge, based in White Plains, NY, primarily operates in South America. It has three businesses; Agribusiness, Fertilizer …