This post will be 99% anecdotal, 1% empirical, because I haven’t the time or energy to go dig up supporting data for what we all know: Most years, the market rips higher during the week between Christmas and New Year’s Eve and this one week run is commonly referred to as The Santa Claus Rally….
Uncategorized
New York Makes "Most Unequal" Cities List
I was very unsurprised to see New York and its surrounding suburbs make the Forbes list of the 10 Most Unequal Cities.
Saturday Night Video: Keenan Kills Me
I don’t why this is so funny to me, but I can’t stop watching it. Hopefully Keenan Thompson comes on SNL later tonight and does it again. Only one video this week, but its killer. G’night.
Conflict? What Conflict?
Following in the illustrious footsteps of Countrywide VIP Chris Dodd and Barney “Homeownership for the Homeless” Frank, Senator Max Baucus, Chairman of the Senate Finance Committee now has some splainin’ to do…
Joining The Gang: TRB Now on the StockTwits Network
That’s right, y’all… I’m reppin’ StockTwits now. I am extremely excited and honored to be joining a network of bloggers and commentators that includes Investing With Options, Market Nut, Leigh Drogen, Gregor, Alpha Trends and of course, the guys pictured above and the rest of the gang. To me, the StockTwits brand evokes a sense…
Where Does the Money Go?
The below infograph from Flowing Data gives us a good idea about what we as US consumers spend our money on. The data goes back 25 years so you can see the trend in each category of expenditure. If they had just used data from my spending, you’d see separate line items for brick oven pizza and Ghostface…
Seven Things You Should Know 12/4/2009
Seven Things You Should Know December 4th 2009 1. Second Worst Decade For Stocks: Since 1900, the Dow Jones Industrial Average has declined in price (not total returns) in just two decades — the 1930s and the 2000s. The Dow is currently down 9.2% since the end of 1999. In the 1930s the index fell 39.5%. The best…
November Jobs Report: Big Upside Surprise
From the New York Times: The Labor Department reported Friday that the United States economy shed 11,000 jobs in November, and the unemployment rate fell to 10 percent, down from 10.2 percent in October. Market was expecting a loss of like 125k or so. There were also some revisions of September and October: The government…
SEC Looking at 12b-1 Fees from Mutual Funds
Are 12b-1 fees an anachronism that should be done away with? The SEC seems to be leaning that way and I tend to agree with them on the issue: From Reuters: The top U.S. securities regulator pushed on Thursday to reform mutual fund fees that traditionally used to stimulate fund growth and help cut shareholder…
Analysts Weigh in on Bank of America Following TARP Repayment Announcement
Matt Phillips over at WSJ MarketBeat just posted some analyst takeaways from Bank of America’s TARP repayment announcement. Here’s Goldman’s take (they are bullish on BAC): Goldman Sachs: “BAC’s share count is now “set” at around 10 billion shares which should have a positive impact on the market implied discount rate (which we estimate at…
