Be skeptical when the market rallies off no good news. We could be in for worse things to come. Good article in the times outlining the problems overlooked in yesterday’s job report: Grim Job Report Not Showing Full Picture “As bad as the headline numbers in Friday’s employment report were, they still made the job [...]
Update December 6, 2008 – Looking back on my previous post, what a change the market has taken. If you stayed long RSX and INFY and CCJ and C you would have lost a lot of money, but if you kept your portfolio hedged with the double-short Dow ETF, DXD, you would be ok. Citi [...]
As if there wasn’t enough garbage being produced in Hollywood these days, Citigroup has just co-financed a package with Relativity Media Holdings to produce 40-50 films garbage over the next 5 years. Get ready for more quick-buck cheap-to-produce garbage coming to theatres soon! In case you were wondering what wonderful Oscar-worthy films crap Relativity Media [...]
Whatever you do DO NOT open an account with Zecco. I opened an account with zecco recently and its been a nightmare. You can’t ever reach a person at their phone number if you have a serious problem. The machine just directs you to their website. They are so ‘streched’ for resources that it is [...]
Satellite Radio: XM/Sirius Merger “Desirable and Feasible,” RBC Asserts The Street continues to show enthusiasm for the possibility of a merger between satellite radio rivals XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI). In the latest report on the idea, analyst David Bank of RBC Capital Markets wrote this morning that a merger of [...]
The market is on quite a rally. DJIA is closing at record high after record high. The Nasdaq finally broke through 6-year highs. Can you believe that, it has taken 6 years for the Nasdaq to return to the bubble IPO-frenzy level. Let that be a sign of caution to investors in technology, it could [...]
Earlier this week Steve Jobs unveiled Apple’s newest creation. To lots of fanfare the iPhone was debuted. Its an amazing piece of engineering. Unlike any cell phone before it, it brings Apple’s unique simplistic design to a high tech device. Featuring a beautiful wide touch screen and integration with email, Yahoo, and Google maps, the [...]
Over at DealBook, a look at the promise and ??hype?? of Web 2.0. Will 2007 prove their business models or again kill the web advertising models ala 2K1. The blog post has some interesting points. Read more on an interview with KPCB partner Randy Komisar at Venture Beat
UPDATE: Barclays is lowering fees (expense ratio) on most of its international ETFs. Sadly, this doesn’t apply to FXI or the broad MSCI Emerging Market Fund, EEM. Over at ETFtrends.com, a look at possible ETF trends in 2007. –Seems more and more people are warming up to the idea of ETFs. I have been invested [...]
I love the Economist. Another great article on the downside of low interest rates, the piles of cash currently on companies’ balance sheet, and why today’s management are patting themselves on the back instead of reinvesting!
