Articles

I think everyone who doesn't have his head in the sand realizes that the housing market has a long painful slide ahead of it. I am trying to protect my biggest investment

I couldn't believe that Mozilo and Dodd were pushing so hard for a large rate cut. Going in to the Fed's decision, it seemed certain to me that Bernanke would stick to his principles and continue to fight an elevated risk of inflation caused by higher energy costs. He didn't stick to his principles and now I think that we are going to pay a heavy price.

NetBank's stock is now worth $.08 as the company has lost big money on its loan portfolio. Everbank was supposed to buy them but the deal is off - lucky for Everbank.

Qualcomm's guided higher in a market with a powerful tape, yet the stock fell. This proves the stock is going nowhere.

Google, Apple, Amazon and RIMM are leading the market higher. Here is why it is going to continue.

Google is dominant today but not as dominant as it might be in 10 years judging by a bunch of first graders.

The UAW went on strike today to try and get job security. How can they demand job security when American car companies are being gutted? They should be pressuring management to build better cars since that is the only thing that will help them in the end.

Lee Bollinger is making a huge mistake and should be dismissed as President of Columbia by the University's trustees immediately.

Lee Bollinger, Columbia University's President, is completely out of line, and should be fired by the University's Board immediately.

I just can't get enthusiastic about the Fed's move and this rise in bank stocks.

I've learned that you can never tell what an unintended consequence of an action will be. Wall Street is partying now but there are plenty of ways this rate cut could go bad. Here's one.

I can't believe what I am seeing at 10 AM EST this morning on the the nation's leading financial channel.

Morgan Stanley's earnings fell by 17%, surprising Wall Street after the more positive earnings announcement from Lehman yesterday.

In August, Frederic S. Mishkin a member of the Board of Governors of the Federal Reserve Bank authored a paper which explored how the Fed should react to a bursting of the housing bubble. One idea explored and advocated was a drop in short term rates. The 50 basis point reduction in the federal funds rate by the Fed seems to indicate that they are trying to prevent a more severe downturn in the housing market. I included some interesting charts.

Lehman Bros reported earnings today and showed by the credit crunch is only part of the picture. Third quarter net income fell by 3.2% as the wrote off half a billion dollars in fixed income securities. But the company's overall revenue rose 3%, fueled by the firm's equity business. It global diversification also helped to reduce its exposure to the US mortgage melt-down.