The long awaited recovery in the technology sector started to come out of the fog into reality late last week. Intel and AMD both raised their sales estimates for the forth quarter, based on sales to date and projections. The Intel change amounted to almost 10% or nearly $600 million dollars.More...
The people who carried out the terror on September 11 were middle class, well educated people. This does not discount however, the fact that they are backed by hundreds of thousands of vociferous supporters that come from the ranks of the poor, oppressed and uneducated. The Bush war on terrorism is hitting the right targets, however the long term war will not be won with bombs and combat. It will be won on the battlefield of education and opportunity.More...
The post office discovered an amazing little bit of technology last week in the anthrax investigation. An amazing amount of data about the mail was stored in the postal sorting machines that moved the anthrax letters from Trenton, New Jersey to Washington D.C. There are several amazing aspects to this story. First, that almost nobody in the post office knew the data existed. Second is that nobody has raised a single privacy concern about this technology.More...
Last week was a watershed week for the markets. The Dow closed over 10,000. NASDAQ closed over 2,000. Investors realized that the market had come a very long way on not very much positive news. So Friday, stocks slowed down and pulled back a bit. This was to be expected.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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