Hewlett-Packard is a 72-year old Dow component and until a year ago, it was one of America’s most innovative and valuable technology companies. Now it looks like death, mostly as a result of getting tech cycle stuff wrong and making a criminally pour choice in leadership.
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Obama Gets One Right, Meet Dr. Alan Krueger
Nice pick, Obama. Hope it leads to some more interesting unemployment policies.
ETFs and Stock Correlation, Part 458
S&P 500 stock correlations are at an even higher level than in 2008. Short-term this is because of panicking, but longer term…
Happy Birthday John Locke
Video.
Me, Myself & Irene
The East Coast is a mess even though Irene has been ultimately downgraded to a Nuh-uh-riccane…
Fortune Magazine on Bank of America, 1947
“Amadeo Peter Giannini, Founder-Chairman of California’s Bank of America, has probably had more impact on U.S. banking than any individual since the elder Morgan.”
Capitalism Amid the Rubble of Greece
The second and third largest banks in Greece are going to merge.
Duck Tron
Video.
Wall Street Underwater, Just Like in 2008
Video.
Earnings, GDP and Equity Valuation
Even though the relationship between stock values, earnings (corporate profits) and nominal GDP can get stretched in the short-term, in the long-term these three amigos remain pretty tight.
