Friday, FY08 week 47 Quote of the Week: The only function of economic forecasting is to make astrology look respectable. – John Kenneth Galbraith Four thoughts for week 47. 1) If you're like me, you must occasionally wonder how it is that members of the financial media draw a salary with a straight face, versed as most are at stating the total obvious in such an obvious manner. It would...
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Here's how the doom and gloomers cost you money. In late October, I sent my Asia Business & Investing readers a suggestion that they double down on Anheuser Busch (BUD) at $56.99. The reason was simple. Wall Street's gloomers were screaming at the top of...
Our youngest had a natural gift for the French horn. Oh the colleges that would woo her, the scholarships that would land at her feet... it's hard to find good French horn players. If only her interest had lasted more than a year... Today, parents hoping for...
On Monday, the SEC filed suit against Mark Cuban for insider trading. The suit alleges that in 2004 Cuban used non-public information to sell shares in Mamma.com, then a fledgling internet search engine. The action allowed Cuban to avoid a $750,000 loss...
Earnings news isn't exactly setting the investment world on fire. For example, financials have gone from expected growth of 46 percent in the third quarter to actual reported losses of 107 percent. Analysts are trying to catch up to the harsh reality on the...
This week is loaded with very important reports for the market, and judging by how things are looking, it could be a good time to grab some aspirin. Here's what we know: bailouts continue, the market takes brief rests to recover some ground between bouts of...
Some people – even fellow IDE contributors - think Paul Volcker should be the next Secretary of the Treasury... even Chairman of the Federal Reserve. A non-scientific survey leads me to believe the majority of these Volcker fans were not adults between...