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  • Stock Buybacks Are Surging [View article]
    Why would a company buy back shares on the open market, and why would they announce it before they actually do it? Anyone know of any studies showing share-price performance 1-5 years after share buybacks?
    Dec 20 01:05 PM | Likes Like |Link to Comment
  • European leaders agree to amend the EU treaty to allow a permanent bailout fund. The new facility, known as the ESM, will take over in 2013 from the existing €440B EFSF. Details, such as the size of the fund, whether bondholders will take haircuts, or more stringent rules for profligate nations, are not yet agreed on.  [View news story]
    The use of the terms "permanent," "bailout" and "fund" don't exactly inspire confidence about the future, eh?

    Orrr, wait just a sec.... maybe I've got it backwards!? They prolly mean all TBTF financial sins--past, present and future--will be forgiven via taxpayer largesse.... Well, that DOES indeed inspire confidence (assuming I'm a banker or bondholder).

    My bad.
    Dec 16 05:03 PM | Likes Like |Link to Comment
  • Debt Factoids on Our National Debt Are Puzzling - And Scary [View article]
    Dec 16 02:22 PM | 2 Likes Like |Link to Comment
  • Turbulent Times Dead Ahead? [View article]
    Interesting commentary; thank you.
    Dec 16 07:46 AM | Likes Like |Link to Comment
  • Why It's Time to Buy Best Buy [View article]
    "I expect the company’s Q4 earnings to rebound and the stock to be trading sharply highly 3 months from now."

    Dec 15 02:39 PM | 1 Like Like |Link to Comment
  • Consumer Sentiment Buoyed by Stocks? [View article]
    Interesting: to my jaundiced eye, it appears as though the sentiment index led the S&P in 2007 by several weeks/months. Since Mar 2009, however, it looks as though the roles are reversed. Any thoughts as to why they switched?
    Dec 10 02:44 PM | Likes Like |Link to Comment
  • Property Tax Revenues Are Likely to Decrease in Coming Years [View article]
    Thx, Michael. Coincidentally, I just received my updated 2010 residential property tax assessment from our county treasurer. The value of our house went down by 15% from the last tax assessment 3 years ago. However...the value of the land upon which the house sits INCREASED by 50%!

    Think other municipalities around the country are trying the same trick?
    Nov 25 08:44 AM | 9 Likes Like |Link to Comment
  • Recession Takes Its Toll on New Businesses [View article]
    Thx Mike; interesting look at the data. Is there any hard data on the number of employees hired/fired by these small business? If so, that might help us put into perspective the guesstimates coming out of the BLS' 'birth/death' model.
    Nov 23 07:36 AM | 1 Like Like |Link to Comment
  • Bullish Sentiment Soars Through the Roof [View article]
    There's a very good chance equities will rise over the next 5 days due to POMO/QE2 actions. Why not try to take advantage of it? My long term outlook for our culture is still pretty grim, but there's nothing wrong with playing the POQE2 Lottery to win a few more 'clownbucks' to spend on real assets. Tight stops and a flippant attitude help, of course.
    Nov 11 02:19 PM | 2 Likes Like |Link to Comment
  • Atypical Actions Are Wrecking the Bears [View article]
    Hmm, that IS odd. It's disturbing how a measly $1 trillion in QE2/POMO can disrupt 'normal' trading patterns....

    Nov 5 10:52 PM | 5 Likes Like |Link to Comment
  • Three Issues That Could Derail the Rally [View article]
    Only three? You're not trying hard enough...

    Nov 5 10:48 PM | 3 Likes Like |Link to Comment
  • What if Quantitative Easing Works? [View article]
    Just think, in 30-40 years, we'll all speak in hushed tones of awe about this last 24 hour-period. For it was the day Ben Bernanke saved or destroyed the US. We'll be able to tell our grandkids about how we just 'knew' this future was going to happen as soon as he pulled the trigger on QE2. I fervently hope he's made the right choice, but fear he hasn't.
    Nov 4 04:38 PM | 8 Likes Like |Link to Comment
  • Why Ponzi Finance Always Fails [View article]
    "The conclusions should be obvious to everyone."

    So, is Bernanke *that* arrogant to believe he can pull it off? Is he too stupid to see what obvious to the rest of us? In denial? Or intentionally setting the stage for something more (eg, some version of a NWO, as many believe)? Sigh...regardless, I suppose life is about to get a whole lot more 'interesting' in the next few years....
    Oct 29 10:09 PM | 4 Likes Like |Link to Comment
  • Strongest Consumer Spending Growth Since 2006 [View article]
    While it's good to see the number go up, let's not break out the champagne just yet. An excerpt from James Picerno's post today (I recommend following him if you're not already; he does a great job of explaining the more difficult concepts for dunces like me):

    "Notably, personal consumption expenditures (PCE)—which account for around 70% of GDP—grew in Q3. In fact, consumer spending’s pace accelerated, advancing at an annualized 2.6% rate, up from 2.2% in Q2. The rate of increase in consumer spending has climbed in each of the past three quarters. Within PCE, however, the bulk of the higher spending has come from services, which includes a range of consumption arenas—everything from transportation to healthcare. By contrast, the rate of spending slowed modestly for durable and nondurable goods—the cyclically sensitive slices of PCE."
    Oct 29 10:27 AM | 1 Like Like |Link to Comment
  • Durable Goods Orders: September Improvement Bodes Well for Friday's Advance GDP [View article]
    Thx, Doug. Your first graph shows an interesting pattern pre- and post-2004. The S&P and the Durable Goods Orders data series look correlated pre-2004 but the gap between the lines are relatively large. Post-2004, both data series track very closely to each other, with minimal gap. I have no idea what this means (if anything) but I find it interesting. Thoughts?

    Also, it'd be interesting to see the Durable Goods Orders mapped over the Consumer Metrics data.
    Oct 27 10:13 AM | 1 Like Like |Link to Comment