Strategist Vince Farrell thinks we're in a bear market but that we saw the lows of this downturn in July.
That's what my buddy Sam Schulman (who publishes The American Magazine) called it on his daily blog. I printed the speech out, and marked the paragraphs about Hillary with an "H" and the paragraphs about Obama with an "O". In the end the formula for her endorsement was the same basic formula as water: H2O1. She hurt him.
Randy Pausch, deliverer of what has come to be known as The Last Lecture, passed last night. Millions of people saw it: Dr. Pausch’s CMU address, in which he announced his terminal pancreatic cancer. Instead of wallowing in self-pity, he used his affliction as a take-off point for transmitting his life lessons...
Federal officials aren’t supposed to cause bank runs. When FDR was hit with a massive set of bank runs shortly after taking office, he gave an address in order to calm terrified depositors, assuring them that the banks would reopen shortly, and that everything would be fine. But Chuck Schumer is no FDR.
Normally rising rates hurt stocks as fixed income investments take on additional attractiveness with higher yields ... but these are not normal times.
Lehman Brothers, Bear Stearns, UBS, Merrill Lynch – what do these firms have in common?
Why Fed member Kohn's recent statement that maybe we need to live with a little inflation is absurd and Bernanke is so right.
Tuesday night on Larry Kudlow's show was interesting as always but a couple of issues stood out. Sean Tully of Fortune Magazine opined that oil could fall back to a range of $50-70 before too long.