May 29, 2008
Here is the recent article that appeared on AOL Finance/Blogging Stocks this week:
Stocks Reviewed: (DBRN) (DELL) (GMTN) (LGF) (MW) (MNRO) (MOV) (RL) (SNDA) (SHLD)
Father’s Day is around the corner. Why not spend some time looking at the coming earnings and how Dad’s Day may have an impact. It is funny to see how many of the companies reporting earnings this week actually have links to Father’s Day.
While this column has been obviously bearish of late, there are a few potential winners that may appear, just in time for the big day. Time to stock up on gifts for dear-ole-dad, or get farther away from stocks? You tell me…
May 29, 2008
FINALLY! After months of waiting, The Disciplined Investor – Essential Strategies for Success is now available for download at Audible.com and iTunes. This is perfect addition for those that enjoy the podcast, but just can’t seem to find the time to sit down and read the book.
Now you can listen in the car, while you’re walking the dog or even cooking dinner. Plus, you don’t have to wait for it to be delivered to your door… Just download and play. Instant gratification! A virtual fast track to becoming a Disciplined Investor.
For more details, reviews and to download the accompanying reference guide click here.
May 28, 2008
In this edition of Money Girl, I will be discussing a term that unfortunately, many of us will need to know…. mortgage short sales.
Here is the excerpt from the episode…
Having trouble making your mortgage payments or know someone who is? Close to foreclosure but hope to avoid it and looking for another way out?
Well, you are not alone. Today with the housing market plunge, a slowing economy, gas at $4 a gallon and massive job layoffs, many people are on the brink of losing their homes. Every day, hundreds of honest, hard working people who have always paid their bills on time and were living the American Dream decide to just pack up and walk away. The proof is in…
May 27, 2008
A few months ago, I had a discussion with John Dvorak (TDI Podcast Episode #41) that focused on the pending economic stimulus plan and how I felt that it was not going to do much. I asserted that, one rudimentary principle in life is that consumers (that means us) will spend money. Some cultures do this in a manner that is responsible and others do not. In the U.S., there is the realization that the dollar is just is not spending like it used to. Fuels costs more, food prices are rising and if you really think about it, almost everything has become more expensive during the past year. (sans the cost to read a good blog post)
Scott Hoyt from Economy.com writes:
The real reason for concern over the state of consumer finances is larger than what the slowing in income growth would suggest, however. Growth in cash flow fell last year and is continuing to weaken. This is due to reduced realized capital gains and, most importantly, reduced borrowing. Neither of these will be quick to recover so household cash flow growth will remain weak even next year.
More concerning though is the fact that there has been an overwhelming blatant disregard for all of the warning signs that should have raised the alarm to investors that there is trouble brewing. Instead, money has been flowing into the equity markets during the first part of May with a reckless disregard for risk. Stocks prices moved up towards 2008 highs as the buzz filters through the media was showing that investors were “accurately predicting the conditions 6-12 months forward as the markets are an “anticipatory mechanism.”
Yet, once again, it seems that the rationales are pushing the outcome rather than the outcomes proving the rationales. It is a simple result of data-mining as the need to find irrefutable evidence for investors in order to provide comfort for holding any long positions into a market with openly failing fundamentals.
Bloomberg recently explained:
Without the $70 billion that oil producers earned in the last two quarters, profits at companies in the Standard & Poor’s 500 Index tumbled 26 percent and 30.2 percent as of last week, the biggest decreases for any quarter since Bloomberg started compiling data in 1998.
That is not what I would call comforting…It is not comforting that we, as investors, taxpayers and citizens of the great U.S.A. are able to accept the historic write-offs that banks and other companies are now reporting. It is unconscionable that they saw fit to provide loans in a manner that has shown to be reckless and financially harmful. It is not comforting that the amateurs are pumping up stock prices into earnings that are nothing more that better-than-lowered expectations.
The next bubble is forming….The stupidity bubble. When this one pops there will be a full explosion of the dead brain matter that will be mapped back to the investment center of the cerebellum. It will only be after a thorough autopsy that we will find that the collective brain had been marked abbey-normal since 1999. OOPS!
I digress, but so do the markets I suppose… Watch for a few more economic charts to follow.
May 26, 2008
Special Guest: Andrew Ross Sorkin: Editor, NY Times Dealbook. We discuss the interesting and the not so interesting deals that may be happening and those that may not.
Andrew Ross Sorkin is The New York Times’s chief mergers and acquisitions reporter and a columnist. Mr. Sorkin, a leading voice about Wall Street and corporate America, is also the editor of DealBook (nytimes.com/dealbook), an online daily financial report he started in 2001. In addition, Mr. Sorkin is an assistant editor of business and finance news, helping guide and shape the paper’s coverage.
Mr. Sorkin, who has appeared on NBC’s “Today” show and on “Charlie Rose” on PBS, is a frequent guest host of CNBC’s “Squawk Box.” He won a Gerald Loeb Award, the highest honor in business journalism, in 2004 for breaking news. He also won a Society of American Business Editors and Writers Award for breaking news in 2005 and again in 2006. In 2007, the World Economic Forum named him a Young Global Leader.
Mr. Sorkin began writing for The Times in 1995 under unusual circumstances: he hadn’t yet graduated from high school. Mr. Sorkin lives in Manhattan.
Andrew+Andrew discuss Microsoft (MSFT) and Yahoo! (YHOO) as well as Amazon (AMZN), the airlines (JBLU) and everything that is on top of the merger and deal discussions of the past several weeks.
Stocks from The ZachZone: Genco Shipping & Trading Limited (GNK), TBS International Limited (TBSI) , Hughes Communications Inc. (HUGH), Safe Bulkers Inc. (SB)
If you are looking for the Indications of Interest Survey, click here.
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