25 most recent entries:
S&P 500 and Oil (Oct 12 2008 14:52 GMT)
Hickey and Walters (Bespoke) submit: Remember when the stock market moved in the exact opposite direction of oil a couple of months ago? As oil went up, stocks went down, as the impact of higher energy costs was supposed to weigh on the economy.
SEA: Stable Returns in a Choppy Market? (Oct 12 2008 14:49 GMT)
Don Dion submits: In his recent lampoon of U.S. financial policy, Asia Times reporter Spengler noted, “An American economy based on opening containers from China and selling the contents at Wal-Mart (WMT), or trading houses back and forth, provides scant profitability.
What the Market Turmoil Means for ETF Investors (Oct 12 2008 14:43 GMT)
Don Dion submits: “May you live in interesting times.” It turns out that this proverb (or curse, depending on how you see it)—
Two More VIX Records (Oct 10 2008 21:42 GMT)
Bill Luby submits: Once again, the VIX is in the record books, with two new highs:new closing high: 69.95new intra-day high:
The Coalition of the Ailing (Oct 10 2008 21:23 GMT)
Felix Salmon submits: I know that yesterday's blog entry on Morgan Stanley (MS) is doing the rounds, not least because I got a phone call from within Morgan Stanley telling me so. (They weren't very happy about it, needless to say.) But I also know because the comments just keep on coming, both here and at Seeking Alpha, blaming me for the fall in the MS stock price, saying that I want Morgan Stanley to fail, and calling me a "financial terrorist".
Stable Outlook for Global Beverage Industry (Oct 10 2008 21:20 GMT)
Research Recap submits: Most beverage companies will be able to sustain current cash-flow levels by continuing to cut costs and by increasing retail prices over the next year, despite the economic downturn, says Moody’s Investors Service. Constraining the industry’s outlook is commodity-price inflation which Moody’
Bulls Take a Stand - Cramer's Stop Trading! (10/10/08) (Oct 10 2008 21:06 GMT)
Recap of Jim Cramer's comments on Stop Trading! Tuesday October 10. Bulls Make a Stand - Citigroup (C), NYSE (NYX), Bank of America (BAC), Apple (AAPL), General Electric (GE)Complete Story »
IBM: Lessons from the Great Depression (Oct 10 2008 21:03 GMT)
Kevin Maney submits: [[IBM]] has a habit of being a beacon during economic calamity. Of course, its earnings yesterday helped everyone feel for at least a moment that the world wasn't coming to an end. But that pales in comparison to IBM's feat during the Great Depression. Hopefully, we'll see more of the same from the company.
Host Hotels & Resorts, Inc. F3Q08 (Quarter End 09/05/08) Earnings Call Transcript (Oct 10 2008 21:03 GMT)
Host Hotels & Resorts, Inc. (HST) F3Q08 Earnings CallComplete Story »
Some Good News in Biotech (Oct 10 2008 21:01 GMT)
Mike Huckman submits: I could easily blog about how badly biopharma is performing in this bear market, how all of the big pharma stocks hit new lows this morning with the lone exception of AstraZeneca (Update: AstraZeneca is no longer an exception. AZN has now joined the rest of the big pharma stocks touching new lows today.)But there's enough gloom and doom out there so, I'm going to write about a little good news for a bunch of companies in the sector.
General Electric Company Q3 2008 Earnings Call Transcript (Oct 10 2008 20:55 GMT)
General Electric Company (GE) Q3 2008 Earnings CallComplete Story »
Viacom's Tumble Takes Media Stocks With It (Oct 10 2008 20:40 GMT)
Julia Boorstin submits: Facing an increasingly bleak economic picture, media giant Viacom (VIA) cnbc_comboQuoteMove('popup_via its financial outlook for the first year, sending its shares, and shares of other media stocks, falling. The declining advertising markets are to blame.Viacom said it now expects its third quarter earnings (excluding special items) to come in between 53 and 55 cents per share, while analysts have been expecting Viacom's earnings to come in at 67 cents a share (excluding special items) for the quarter. And worse, the company lowered its earnings expectations for the full year to "
Candidates' Economic Advisers Debate (Oct 10 2008 20:36 GMT)
Menzie Chinn submits: The economic advisers to Barack Obama and John McCain debated today at the UW-Madison. Ike Brannon spoke on behalf of the McCain-Palin campaign and Austan Goolsbee on behalf of the Obama-Biden campaign. Here's the link to Proposals for Change (Adobe Flash required).For me, of greatest interest is the excellent question by Dean Knetter of whether the current financial crisis is to be attributed to too much government intervention (e.
Apocalypse Dow: The Search for Scapegoats (Oct 10 2008 20:07 GMT)
Tim Price submits: “This notion that great misadventures are the work of great and devious adventurers, and the latter can and must be found if we are to be saved, is a popular one of our time. Since the search for the architect of the Wall Street debacle, we have had a hue and cry for the man who let the Russians into Western Europe, the man who lost China, and the man who thwarted MacArthur in Korea. While this may be a harmless avocation, it does not suggest an especially good view of historical processes.
This Isn't a Bottom, It's a Disturbance in The Force (Oct 10 2008 19:56 GMT)
Kevin S. Price submits: Think of the moment in the original Star Wars when the bad guys destroy Princess Leia's home planet of Alderaan with a single blast from the Death Star. Just then, back on Tatooine, Obi-Wan Kenobi shudders and says "I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced.
Today Might Have Market the Bottom or Top of ... Something (Oct 10 2008 19:39 GMT)
As mentioned yesterday, the market tell everyone was watching today was the Lehman Bros. CDS auction. The results were not unexpected with the bidding coming in at 8.625 cents on the dollar. The market continued to slide lower for most of the day, with the VIX volatility index reaching an eye-popping ~72%+Complete Story »
Oil-Rich SWF Countries Also Feeling Some Pain (Oct 10 2008 19:33 GMT)
David Enke submits: A combination of falling crude oil prices and falling US and world equity markets has caused stocks over the last four days to lose almost a quarter of their value in Dubai and 17 percent in Saudi Arabian markets, just less than a week after there was an expectation that these markets were immune from the financial problems in the West (see Washington Post article). Some stress that the problems in the Gulf are more structural, with the lack of transparency and information resulting in the markets being impacted more by unsubstantiated rumors and panic selling. Nonetheless, the level of exposure is still believed to be significant. Complete Story »
DragonWave Inc. F2Q09 (Qtr End 08/31/08) Earnings Call Transcript (Oct 10 2008 19:28 GMT)
DragonWave Inc. (DRGNF.PK) F2Q09 Earnings CallComplete Story »
Profiting from Fear in Forex: Dollar Hits 16-Month High vs. Euro (Oct 10 2008 19:25 GMT)
Grace Cheng submits:Panic and risk avoidance continues to dominate the investing landscape on Friday, resulting in the zigzag rollercoaster ride in the markets. The Dow has been losing blood again, despite repeated calls of a market bottom by market analysts and bloggers. The S&
Bond Expert: Friday Wrap (Oct 10 2008 19:18 GMT)
John Jansen submits: The Treasury bond market is closed Monday for the Columbus Day holiday. Following a longstanding practice the Treasury market will close at 200PM today.Prices of Treasury coupon securities are closing lower today at the end of one of the most tumultuous weeks in financial markets history. The yield on the benchmark 2 year note has climbed 5 basis points to 1.
Recapitalization and the Implicit Treasury Guarantee (Oct 10 2008 19:15 GMT)
Felix Salmon submits: Tyler Cowen has a very good question: Treasury equity is not the same as debt to the Fed, but are they so different? In some ways the Fed's I - can't - just - stop - rolling - it - over - when - I- want contribution is a bit like preferred equity.Complete Story »
Emmis Communications Corporation F2Q09 (Qtr End 08/31/08) Earnings Call Transcript (Oct 10 2008 19:15 GMT)
Emmis Communications Corporation (EMMS) F2Q09 Earnings CallComplete Story »
Audiovox Corporation F2Q09 (Qtr End 08/31/08) Earnings Call Transcript (Oct 10 2008 19:04 GMT)
Audiovox Corporation (VOXX) F2Q09 Earnings CallComplete Story »
Where We Go from Here: Best and Worst Cases (Oct 10 2008 18:55 GMT)
Cam Hui submits: There is little doubt that the US is entering a recession. The IMF's latest report also forecast that the world is entering a major downturn. The bigger questions are:How long and how deep is the US slowdown?
Soybeans and Oil: At Odds (Oct 10 2008 18:40 GMT)
Hard Assets Investor submits: By Brad ZiglerCunard Lines used to entice jet-setters aboard its passenger ships with the tagline "Getting there is half the fun." That line might work for travelers, but it certainly won't for oil refiners.
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