I read it in Barron’s so it must be true!
Anyway, last week’s issue…yes, last week, I subscribe but don’t usually read most of it the week it comes out because what’s the hurry in reading about stocks that are either going to jump 5% the following Monday or fall due to a bad market… but back to my point, last week’s issue had an interview with Leon Cooperman of Omega Advisors. I don’t know [...]
I invest in equities instead of the commodity itself to gain leverage on the price and true to form, the commodity-related stocks are dropping further than the underlying commodity. Some of these stocks are trading at levels below the time of triple-digit oil and double-digit nat. gas (actually that time was earlier this year).
To give [...]
Interesting how the small cap stocks as represented by the Reuters 2000 is holding up:
As of 12:10 am EST:
Dow = -1.8%
Wilshire = -1.6%
S&P500 = -1.7%
NASDAQ = -1.5%
Rueters2000 = 1.0%
As an aside, I’m listening to Bloomberg and they cut to the world’s greatest witless wonder, GW Bush. It was amazing to listen to the POTUS [...]
Bloomberg reports on teens cutting back on clothes purchases amid higher gas prices and worsening job prospects. Back in May, I posted a quick note on American Eagle Outfitters (or click here for the full valuation report in pdf format). In my report, I was a little squishy on my assessment of AEO [...]
I don’t know if the Plunge Protection Team really exists but if there is, I guess today would be the day. The Dow has fallen below its March lows and supposedly, the powers-that-be will want to maintain some sort of bottom or other to maintain confidence in the markets.
I wholeheartedly acknowledge that financial markets are [...]
According to Bloomberg, oil took a big drop today due to an 18% increase in the fuel price by China, who subsidizes their domestic energy market. As a result, energy stocks are taking a a little dive today while the broader market enjoys a little rebound.
I guess it would be logical to think that [...]
