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$WAC down nearly 20% on EPS of $0.64 compared to analyst estimate of $0.67. Really? Mar 19, 2013
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Why did FMER plunge 11.3% today on news of CRBC acquisition? In my opinion a pretty good deal. Sep 13, 2012
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LULU cools down a little after soaring 13% on Friday on strong $0.39 EPS versus analyst estimates of $0.31 Sep 10, 2012
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Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
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Really, George Osborne?
George Osborne, the current U.K. Chancellor of the Exchequer, has spearheaded largely ineffective and significantly unpopular austerity cuts that have stymied his country's economic growth and also, ironically, eroded its fiscal standing (Moody's has already downgraded the U.K.'s AAA status and Fitch is likely to downgrade it in the near future). More recently, Osborne presided over another series of cuts in government programs that provide assistance and aid to, among others, the disabled.
And then he gets caught conveniently parking in a clearly-marked disabled parking spot.
Abenomics Frenzy
Japan's Nikkei soared 4% to 13,225.62 today, its highest level since August of 2008, on news that the Bank of Japan announced it would double Japan's money supply through significant quantitative easing. Considering that this will lead to inflation in a country dependent on a weak economy and plagued by more than a decade of deflation, this should feed a market hungry for monetary stimulus for now.
The short-yen trade continues to pay off.
Krugman: Cyprus Should Leave The Eurozone
Somewhat logical considering that Cyprus has the potential to becoming a strong export-driven economy and the significant devaluation of its new currency could prove to be a benefit to Cyprus exports. Article is here.