The Eurozone Crisis For Dummies
The market still seems to be moving to every headline out of the eurozone, but it's hard to remember what's important. So let's bring this back into perspective. A little background: Since joining the...
View ArticleWell, JP Morgan Didn't End 2011 As The Most Valuable Bank In America
2011 was a rough year for the banks. If you have any doubts about that, just look at this chart. For the past few years, people have gotten used to thinking of JP Morgan as the biggest, best, and...
View ArticleRussia's State Capitalism Built A Middle Class Who Know There's No Future If...
Twenty years ago, Soviet President Mikhail Gorbachev resigned, the Soviet Union ended, and Russia began an imperfect transition to democratic capitalism – a transition that has proven to be far more...
View ArticleSTOCKS STUMBLE AND THE YEAR'S OVER: Here's What You Need To Know (SPY, DIA,...
The S&P started and ended the year at around 1,257. So, stocks go nowhere for the year. Did nothing happen? First, the scoreboard: Dow: 12,217.6, -69.5, -0.6%S&P 500: 1,257.6, -5.4,...
View ArticleThe Facebook IPO: Everything We Know
The year is ending with yet another flurry of speculation on some of the details of Facebook's potential IPO. As the stories go over the same ground again and again, we thought it would be useful to...
View ArticleStone Street Advisors: The 2012 'Predictions' You Won't See On Anyone Else's...
Unless you’ve been living in a cave in the mountains of Afghanistan the past few weeks, you’re no doubt fed up – to put it nicely – with the annual [release] of next-year predictions that comes each...
View ArticleBlackRock's Bob Doll Makes 10 Predictions For 2012
Wall Street's top strategists continue to unveil their predictions for 2012. Goldman's Jim O'Neill offered his predictions earlier this month, Seabreeze Partners' Doug Kass published his predictions...
View ArticleHappy 10th Birthday, Euro!
PARIS (AP) — Just three years ago, the euro was being praised as the can-do currency that had delivered unprecedented prosperity in Europe. Now, it's widely derided as a hugely flawed experiment in...
View ArticleECRI: 'If You Think This Is A Bad Economy, You Haven't Seen Anything Yet'
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -7.6 in its latest reading, data through December 23. The latest public data point is virtually...
View ArticleBill Miller: Stocks Look Really Cheap
Bill Miller is the legendary fund manager who beat the S&P 500 for 15 years in a row through 2005 while he was running Legg Mason Value Trust. But after a horrific series of bad calls, Miller...
View ArticleOOPS! 9 Monster Mistakes That Almost Broke The Financial System In 2011 (BAC,...
It's no question that 2011 was a difficult year for markets, corporations, governments, and pretty much anyone with exposure to Europe. But the year was only made worse by errors and some insanely...
View ArticleUnemployment In France Just Hit A 12-Year High And Shows No Signs Of Slowing...
The EU Observer reports France to hold jobs summit as unemployment hits 12-year high A sharp rise in France's unemployment figures is putting pressure on President Nicolas Sarkozy to deliver, with...
View ArticleThese Economists Think The Government Should Guarantee Everyone A Job
Unemployment has become a lot like the weather. Everyone talks about it but no one really does anything about it. One group of heterodox economists would like to change that. The Modern Monetary...
View ArticleThe Top 10 Business Stories Of 2011 That Made No One Else's Top 10 List (T,...
2011 was a busy year for the markets, even if they ended roughly where they started twelve months ago. News outlets are out with the top news of the year, and it all roughly reads the same: Europe was...
View ArticleBull Vs. Bear: This Week's Key Developments
Bull + U.S. manufacturing continues to show signs of steady growth. The economy isn’t headed towards recession. The Chicago ISM reports that its PMI report fell a smidgen, from a 7-month high to...
View ArticleBARRY RITHOLTZ: 10 Forecasts As To What The Forecasters Will Be Forecasting
The Washington Post is out with Barry Ritholtz's latest brilliant weekly column. Ritholtz, the editor of The Big Picture, takes some jabs at forecasters' forecasts. "A year later, I look back at these...
View ArticleLike Hell Facebook Is Killing Google (GOOG)
For the past couple of years, one meme has grown ever louder: Facebook is killing Google. Facebook is taking over the Internet, this story goes. Facebook now has ~800 million global users, half of...
View ArticleIn 2012, This Is What A Good Financial Stock Will Look Like
Okay, 2011 was a terrible year for financial stocks. But it's over. The only thing you can do now is think smarter about the characteristics of a good financial stock in 2012. According to the Wall...
View ArticleSNOOZE: European Markets Inch Higher, Korea Closes Unchanged, US And The Rest...
BANGKOK (AP) — European stock markets headed higher in early trading Monday, while South Korea's benchmark Kospi closed flat following the New Year's holiday weekend. Britain's FTSE 100 index rose 0.1...
View Article