July 8th, 2008
Posted in News and Views | No Comments »
July 6th, 2008
Posted in News and Views | No Comments »
July 3rd, 2008
Posted in News and Views | 2 Comments »
July 2nd, 2008
Posted in News and Views | 1 Comment »
July 1st, 2008
Posted in News and Views | No Comments »
June 30th, 2008
Posted in News and Views | No Comments »
June 29th, 2008
Posted in News and Views | No Comments »
June 27th, 2008
Posted in News and Views | No Comments »
June 26th, 2008
- Blog for Trading Success on the collapse in market volatility and what it could mean.
- Zen habits has 7 tips on how to get a lot done.
- Saj Karsan on historical price/earnings ratios.
- Greg Newton has the goods on Congress’ favorite hedge fund manager. The guy is positioned for the price of oil going down. Who woulda thought?
- What analysts think about Silver Wheaton’s (SLW) latest financing transaction.
- Cam Hui says that the real message from the Fed is to stay long commodities. By the way, he’s right about following the Baltic Dry Index to track global economic strength.
- Nicholas Vardy busts 6 economic myths. My favorite:
- 6. Myth: Oil companies are unfairly exploiting U.S. consumers and deserve to be taxed for excessive “windfall profits.”
- Reality: With gas priced at more than $4 a gallon (and more than $12 in Europe), it’s no wonder oil companies have become the political whipping boy of U.S. presidential politics. But looked at through the green-eyed shades of a financial analyst, oil companies aren’t extraordinarily profitable, either in relative or in absolute terms. Oil and gas companies made $86.5 billion in profits last year. It is a lot of money, yes. But high-tech companies made $103.4 billion, the retail sector $137.5 billion, and the financial services industry took in $498.5 billion. Nor are oil companies unusually profitable, making about 8.3 cents in gross profit per dollar of sales. Electronics companies make 14.5 cents per dollar and computer equipment makers take in 13.7 cents per dollar. Bill Gates’ Microsoft makes 27.5 cents per dollar of sales. And with 60% of U.S. oil imported, a good chunk of those profits from high oil and gas prices are going into the pockets of governments in the Middle East, Venezuela, and Russia and not back to Texas or Exxon shareholders.
- Lance Lewis thinks that the Fed’s statement means gold is about to get hot again. He also lists his favorites.
- And Anheuser-Busch (BUD) has turned down the bid from InBev. It says BUD needs to get its sales up. That’s embarrassing. If you can’t sell beer, what can you sell?
Posted in News and Views | No Comments »
June 25th, 2008
Posted in News and Views | No Comments »