Part of what drove last weeks stock market was that profit reports and expectations were above what everyone expected. Remember the old saying, profits, profits and profits. The height of earnings reports season is ahead of us. What happens in the next week is of critical importance. Heavyweights such as Ford, GM, Intel and Microsoft all Report next week.More...
When George Bush came into office, I knew writing this column would be a lot of fun. George would make a lot of mistakes that I could pick on. He would advocate some policies that I didn't agree with. His administration would fumble the ball on important policy matters. Some of those things happened and picking on them was fun. September 11, 2001 and last Thursday's press conference changed that for me.More...
Last Thursday, the Pentagon acknowledged that one of their satellite guided bombs accidentally hit a civilian home near its target. The stated reason was that one of the people programming the targeting coordinates into the bomb. That really shouldn't have happened.More...
What we witnessed last week just might be the October 1990 of this market. Remember that? In October of 1990, after the Saadam Hussein bear market there was a sharp turnaround. After some uncertainty at the beginning of the Gulf war, what came next was the 1990's bull market. Are we seeing the same thing today? Maybe. There are some things similar and some things different.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.
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