Wall Street Breakfast: Must-Know News [View article]
"Drugmakers boosted prices for their 50 top-sellers by 7.82% in 2007, on the heels of 6.73% and 6.22% jumps in 2006 and 2005, in an effort to boost profits in the face of patent expirations and waning pipelines. The ploy could backfire by pushing government to beef-up its regulation of drug pricing."
Doesn't this mean that the decline in profits when these drugs hit patent expiration will be even sharper?
"Cold outlook for Chinese power providers. Heavy snow and sleet have forced 7% of Chinese power plants to shut down, and companies are struggling to secure enough coal to keep plants operating."
Interesting juxtaposition with the headline above this one on your home page: Jeremy Grantham: Credit Crisis Will Last Until 2010 seekingalpha.com/artic...
Wall Street Breakfast: Must-Know News [View article]
The combination of higher wholesale prices and weak retail sales is really bad: it shows that in real term (inflation adjusted), sales were even weaker.
On financials: take a look at financials as a % of the S&P 500. They accounted for an above average % until recently, so again, I think the trend of financials shrinking as a % of the S&P will likely continue for a while.
Regarding small caps, they outperformed for so long until recently that the real question is how long the outperformance of large caps will go on for. My guess is that small cap value stocks tend not to be exporters, and that means they're strongly exposed to the declining dollar.
So your view of small cap value stocks should be linked to your view of the dollar.
Wall Street Breakfast: Must-Know News [View article]
Doesn't this mean that the decline in profits when these drugs hit patent expiration will be even sharper?
Buying the Oversold Financial Sector [View article]
Under The Radar News - Tuesday [View article]
Wonder if lower Chinese output could hit Walmart.
Jim Cramer's 10 Predictions for 2008 [View article]
Have Bank Stocks Hit Bottom? [View article]
Jeremy Grantham: Credit Crisis Will Last Until 2010
seekingalpha.com/artic...
This Week's Market Quiz [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Davis's Monday Outlook [View article]
Jim Cramer's 10 Predictions for 2008 [View article]
Four Opportunities for 2008 [View article]
Four Opportunities for 2008 [View article]
Don't Underestimate the Durability of Market Trends
seekingalpha.com/artic...
Regarding small caps, they outperformed for so long until recently that the real question is how long the outperformance of large caps will go on for. My guess is that small cap value stocks tend not to be exporters, and that means they're strongly exposed to the declining dollar.
So your view of small cap value stocks should be linked to your view of the dollar.
Investment Banks: Not Dead Yet [View article]