Happy 4th of July
July 4, 2008
Happy 4th of July! Thursday’s shortened session provided little help to stocks as many on Wall Street were on vacation enjoying this Holiday weekend. Crude oil remains the hot topic on Wall Street as it traded above $144 much of the day. However, we were unable to hit the $150 a barrel like many had anticipated. This proves predictions are like bum holes: Everyone has one and they all STINK! Even without hitting $150 prior to July 4th I still believe Crude is headed higher and much higher … [visit site to read more]
Executing Plan — Great Aquisitions (BLSW, rated BUY)
July 4, 2008
BLSW continues to acquire excellent companies in a challenging environment. Their new SaaS product is just getting momentum. Between that technology platform and their reach into hundreds of desirable customers they have the opportunity to be a serious SaaS player. They have consistantly executed so I have no doubt their progress will continue.
Executing Plan — Great Aquisitions (BLSW, rated BUY)
A Closer Look at Employment and Sentiment
July 4, 2008
Barry Ritholtz submits:
Early last month, we suggested that it would be more instructive if the media began reporting U3 and U6 Unemployment together. (Unemployment Reporting: A Modest Proposal (U3 + U6)
Northern Trust’s Asha Bangalore appears to have been thinking along the same lines, for her NFP post-mortem includes the following:
A Closer Look at Employment and Sentiment
CreditSights: Guardedly Optimistic About U.S. Loan Market
July 4, 2008
Research Recap submits:
CreditSights remains guardedly optimistic about the US loan market for the second half of the year and still believes that the market most likely bottomed out in February.
CreditSights: Guardedly Optimistic About U.S. Loan Market
Short Week Was Plenty Painful
July 4, 2008
Trade Radar Operator submits:
Only four trading days this week - and that was quite enough.
The markets sank again this week, with the S&P 500 down 1.2%, the NASDAQ down 3% and the Dow down 0.5%. The biggest loser of all was the Russell 2000, down a whopping 4.6% in just four days of trading.
Path Dependency in the EU and U.S. Economies
July 4, 2008
Paul Kedrosky submits:
This quote from a Deutsche Bank report on the differing approaches to rate-setting in the EU and in the U.S. is fascinating and instructive:
Recent and prospective differences between the Fed and the ECB in the conduct of monetary policy have been striking. The ECB has launched a Martian frontal assault on inflation while the Fed has opted for a more cautious and patient Venusian approach.
Path Dependency in the EU and U.S. Economies
Investing for Retirement - Cramer’s Mad Money (7/3/08)
July 4, 2008
Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday July 3.
Independence Day Memories of a Stronger Dollar, Lower Costs
July 4, 2008
Hard Assets Investor submits:
As you groom your barbeque for the upcoming holiday cookouts, Read more
What Was Left Out of the Jobs Report
July 4, 2008
Michael Shedlock submits:
Before taking a look at the monthly jobs data,
Commodity Driven Role Reversal
July 4, 2008
Eric Coffin submits:
David Coffin co-wrote this article.
In the 1970s, Baby Boomers were swelling job ranks and women were moving out of the home and into the paid workforce in most of the industrialized world. At the same time, OPEC pushed crude oil prices through the roof to overturn what it viewed as a predatory system of resource transfer set up by colonial powers.
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