From The Business Insider, Feb. 26, 2010: Existing home sales plummeted to 5.05 million units in January compared to 5.44 million in December.This is solidly below the 5.5 million units that economists had been expecting.
Daily Archives: February 27, 2010
Back to the Future: Dividends Will Spur New Bull Market, Money Manager Says
Money manager Neil Hennessy says a new bull market is emerging from our nascent recovery. (Click here for his first discussion with Aaron on his macro view.)So what now for investors? Think dividends, says Hennessy, chief investment officer for
Neil Hennessy: The Economy’s in “Very Good Shape,” Buy Stocks for the Long Run!
Neil Hennessy is a fund manager with a bullish bent. Robert Prechter is a veteran market watcher with a decidedly dour outlook.The two pundits are opposed on just about everything, but agree on one thing: There’s a lot of risk in fixed-income.Echoing
Govt. Interference Makes It “Almost Impossible” to Forecast Stocks, Strategist Admits
If “it’s different this time” are the most dangerous words on Wall Street, “I don’t know?” are probably the ones most rarely heard. There’s no shortage of hubris and declarative statements on Wall Street, especially among the pundits a
Why Bob Prechter Is Wrong on Deflation: Ben Bernanke “Wants Inflation”
After a year of “reflation” in the economy and financial markets, the tide seems to be turning on the whole inflation vs. deflation debate.Recent data on U.S. durable goods, consumer confidence and new homes sales, along with uncertainty over Eu
Markets Freaking Out Again — So It’s a Great Time to Stay Diversified
After the extraordinary market collapse and recovery in the past two years, we had a few months of calm. But now, with the market alternately plunging and soaring, volatility has returned. …
Something’s Gotta Give: Rising Retail Profits Meet Falling Consumer Confidence
With the notable exception of Wal-Mart, the past week has brought a string of stronger-than-expected fourth-quarter results from major retailers. Stores such as Saks, Target, Sears, TJX and Macy’s reported sharp year-over-year profit increases. The result
Barry Ritholtz: Still Bullish After All These Gains
In his semi-annual monetary report to Congress Wednesday, Federal Reserve Chairman Ben Bernanke reiterated the Fed’s plans to keep interest rates low “for an extended period.”
Investors responded by buying stocks: the Dow rose 0.9% Wednesday
Weak New Home Sales Report Least of Housing’s Problems, Barry Ritholtz Says
Barry Ritholtz, CEO of Fusion IQ, describes himself as one of the “bigger housing bears around,” but isn’t too concerned about today’s record low new home sales data.Ritholtz, author of The Big Picture blog and Bailout Nation, says too much is b
Bear Market Armageddon: Why Prechter Might Be Right This Time
In late February last year, Robert Prechter of Elliott Wave International said “cover your shorts” and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. That prediction came to pass. Prechter then urged investors t