Facebook IPO Looking Smaller Already
Greedy financial advisors love to gouge their clients by pushing some hot new thing. The hot new thing in the 1990s was an Internet company going IPO. Everything... Read »
Jobless Claims Boost Futures Ahead of Big Jobs Report
US stock futures are have turned slightly higher Thursday morning following another drop in weekly jobless claims. The S&P continues to build nicely above the... Read »
Fed Transparency
A lot has already been written on the FOMC’s latest efforts to increase the transparency of its conduct of monetary policy. It has been a long, drawn-out, deliberate... Read »
Banks Lead Market Advance
The S&P gapped up and extended, hitting 1326 this morning. 1333 is the January high. Today’s rally has been lead by the banks, we’ve talked lately a lot... Read »
Continued Improvement for Manufacturing Activity in January
January looked a bit better through the prism of the ISM manufacturing index, which rose again last month to 54.1 from December’s 53.1. That’s the third... Read »
ADP: Job Growth Slows In January
Job growth slowed in January, according to ADP. It wasn’t a cataclysmic slowdown, but it’s enough to keep the debate about recession risk bubbling. U.S.... Read »
Have Homebuilder Stocks Bounced Too Far?
Looking at homebuilder stocks, you would think the good times are back. Since the lows of last year, they’ve rallied hard in anticipation of a big rebound in sales... Read »
Europe Needs a Real Fiscal Union
The rhetoric is heating up as we head into Monday’s European Union’s summit. On one hand, we see rumors circulating that a deal in the Greek debt talks... Read »
I Don’t See How This Can Continue
The European unemployment numbers are out. The story from the Financial Times: Unemployment in the 17 euro countries climbed to 10.4 per cent in December, with... Read »
The Biggest Risk to the Economy in 2012
Treasury Secretary Tim Geithner, speaking at the World Economic Forum in Davos a few days ago, said the “critical risks” facing the American economy this year... Read »






