HP announced this Tuesday plans to purchase Compaq Computer. This is both and admission of failure and a virtual guarantee that Dell Computer will maintain its pre-eminence in the computer industry. There could hardly be a worse strategy than the one that HP has adopted. Two failing mammoth giants, both fallen from former glory are trying to digest each other, hoping the resulting combination will form an powerhouse capable of taking on IBM. Not.More...
In the past twenty working days, I have used no gasoline on 14 of them. Nor did I use the public transportation system. Nor was I forced to purchase gasoline, whose price rocketed due to a refinery fire in Illinois. How did I do this? Simple, I got on a bicycle.More...
The equities markets have never been known for patience. That is why they continue to spiral wildly, testing new lows. It is not just the fear of a recession that has things bouncing around. It's a bout of impatience, brought on by the instant gratification internet age.More...
There is little good that can be seen on the short term horizon for this market. All technical factors and indicators point toward future deterioration. There is little that can happen other than really good economic news that can change it. Not even Alan Greenspan can do something about this, though he may already have handled things.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
The
rest of the article.