October 28th, 2008
Yesterday, I asked the question, “When will banks start lending?” Today, the White House issued it’s desired answer: NOW!
White House press secretary Dana Perino had this to say: “What we’re trying to do is get banks to do what they are supposed to do, which is support the system that we have in America. And […]
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October 27th, 2008
The Treasury’s Troubled Asset Relief Program was approved a few weeks back, but the spending is just getting under way. Now that the government is starting to invest when will the banks begin to lend?
There are many motivations behind (or should I say underneath) TARP, but unfreezing the credit markets is at the top of the priority list. PNC […]
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October 25th, 2008
Sometimes while researching stocks, I come across tickers that are actually words.
TIER - Tier Technologies, FUN - Cedar Fair, PZZA - Papa John’s, WOOF - VCA Antech just to name a few.
This morning I came across SOLD. Pretty interesting. After all, what word could more perfectly describe what’s going on in worldwide stock markets right now?
During this […]
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October 24th, 2008
Recession fears are sending everything down and it may be tempting to liquidate your stock positions. Please reconsider!
People often forget that there are TWO ways to make money by going long on stocks: capital appreciation (the stock price rises) and dividends (when the company shares earnings).
Even if prices are dropping the dividends may not be. Search […]
By profsilver -- 1 comment
October 23rd, 2008
Congress had a heavyweight line-up of testimony today as the House heard from Alan Greenspan and the Senate heard from Neel Kashkari, the bailout’s interim pay master (his official title is Interim Assistant Secretary for Financial Stability).
Greenspan’s prepared statement spoke of his feeling of ”shocked disbelief” regarding the country’s financial crisis. Interestingly enough, many people blame him for helping the economy get there.
Here are some interesting […]
By profsilver -- 1 comment
October 22nd, 2008
Everytime I turn on the television, someone is talking about the stock market. Granted, I do watch an abnormal amount of CNBC, but even the regular stations are becoming saturated with financial market lingo.
I watched about a half hour of Saturday Night Live this past weekend and there were two MacGruber skits making references to the stock market’s […]
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October 21st, 2008
Welcome to Technical Tuesdays!!!
Everyone is familiar with Big Oil, so I decided to kick off Techie Tuesdays with Exxon Mobil. Exxon Mobil has been the focus of much media attention for their record profits but, does that mean you should buy the stock?
Today, I will use the simple moving average to evaluate Exxon Mobil. The moving […]
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October 20th, 2008
Today, Oracle announced a plan to buyback $8 billion worth of stock in addition to an existing plan to buyback $9.3 billion of stock.
No timeline was given for the $17 billion deal and shares of Oracle rose 6.7 percent today. Trading activity was pretty normal, just about 400,000 shares above the three-month average of 42.1 million […]
By profsilver -- 1 comment
October 17th, 2008
This morning’s New York Times ran an op-ed piece entitled “Buy America. I Am.” The author is none other than the legendary Mr. Warren Buffett.
The piece was laced with quotables. Below, you will find a list of those quotes, followed by my opinion on each. :)
Buffett: “I don’t like to opine on the stock market, and […]
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October 16th, 2008
Last fall, a student stopped by my office and told me he thought Apple’s stock was going to rise. He had a few thousand to invest and he asked me if he should buy Apple. At the time, the stock was trading around $172 per share.
I wanted to scream, “NO!!!!” But, as a professor it is my rule (and probably […]
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