Archive for October, 2009

Do Higher Reported Earnings Imply Economic Improvement?

Too many market participants indiscriminately view higher reported earnings as a good sign, one reflecting some evidence of a turnaround in the economy. Not only is that somewhat grasping at straws, but another and bigger problem attends. Regrettably, in too…

Systemic Risk Bill: Amendment suggestion

I have another suggestion for the Systemic Bill. Someone should demand language, or file an amendment, that states:

‘Directors, Officers, senior management and consultants of any institution that draws on the industry funds created under this title or receives any relief…

Spooky Stocks Portfolio!

Spooky Stocks

It’s Halloween and time for this year’s 2009 Spooky Stocks Portfolio!

Earlier this week, I asked members to submit the name of the stock that they think is “most likely to scare investors and blow away their returns” between today and next…

Housing: "First-time buyers and investors" are "market’s lifeblood"

From three DataQuick reports on Las Vegas, Miami and Phoenix …

Las Vegas:

In September, a popular form of financing used by first-time home buyers – government-insured FHA loans – accounted for 53.8 percent of all home purchases, up from 52 percent…

Happy Haloween

Rdan

Read the whole story on Angry Bear

Don’t Be Snookered By That +3.5% GDP Report

lipstickpig2.jpg

It was better than -6%, yes.  But it certainly wasn’t as good as it looked.

Michael “Mish” Shedlock:

A misguided Cash-for-Clunkers added a one-time contribution of 1.66 percentage points to GDP. Auto sales have since collapsed so all the program did is…

More Weakness, More Volatility

brett steenbargerBrett Steenbarger submits:

Stocks did indeed close near their lows, trending lower through most of the session. By day’s end, we had expanded the number of stocks making new 20-day lows across the NYSE, NASDAQ, and ASE to over 2700 — remarkable…

Digimarc Corp. Q3 2009 Earnings Conference Call

Digimarc Corp. (DMRC)

Q3 2009 Earnings Call

October 30, 2009 11:00 a.m. ET

Complete Story »

Read the whole story on Seeking Alpha

Write-Offs: 10.30.09

$$$ The Top 10 Wall Street Halloween Costumes [The Deal]

$$$ Duff’s $100 Million Hedge Fund Spree Fails to Lure Investors [Bloomberg]

$$$ Madoff Auditor To Plead Guilty Next Week [GC]

$$$ Job of the Week: Bentley Associates Needs A Managing Director. You. [DB Career Center]

$$$ Sorkin Book Reveals Generational Rift…

For Fox Sake!

Brilliant!

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
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Read the whole story on The Big Picture