Articles

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

More bad news on the real estate front? Maybe.

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.

The commerce department reported that starts of new homes fell by 2.6% to a seasonally adjusted annual rate of 1.331 million, which was the lowest since June 1995. Other data was just as bleak.

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.

I am long the market and I am very pleased that it moved up so strongly in response to the Fed's rate cut today, but I think that it shows that this man lacks balls.