Tag Archives: earnings
G.O.P takes Mass., Market Reaction to G.O.P Win, Housing Starts Plummet, FHA Lifts Fees
G.O.P. takes Massachusetts Senate seat – NY Times NY Times reports Scott Brown, a little-known Republican state senator, rode to an extraordinary upset Tuesday night when he was elected to fill the Senate seat that was long held by Edward M. Kennedy in the overwhelmingly Democratic state of Massachusetts. By a decisive margin, Mr. Brown defeated Martha Coakley, the state’s […]
FED Will Not Reduce Liquidity, Stock Market Investing, China Theme Continued
That’s it! I’ve had it! Enough! Let’s dispense with the absurd, ludicrous, vacuous debate about “imminent” Fed tightening. The financial airwaves and print are full of this idiotic expectation that the Fed will reduce liquidity soon. Allow me to be clear: THE FED WILL NOT REDUCE LIQUIDITY AT THIS TIME. The Fed cannot reduce liquidity because the economic environment is […]
Investment Strategy Turns More Cautious, Existing Home Sales, Record Auctions This Week, Galleon Grief
Stock Market Investing: The Equity markets were down across the board Friday as the week ended. Last week was a week of churning and distribution, two actions I hate to see during a market advance as they often mark the end of a rally. To make matters worse the churning has occurred at key areas of resistance on all three […]
Q2 EPS, LIBOR-OIS Spreads Narrow, July Retail Sales, Initail Jobless Claims
Second quarter earnings can be best characterized as light on revenue but strong on cost cutting, leading to better than expected EPS. The more positive bottom line results have helped fuel the equity market rally over the last couple of months. Meanwhile, Aug. 13 (Bloomberg) — The Libor–OIS spread narrowed to a level former Federal Reserve Chairman Alan Greenspan said […]
FASB Rule Changes, All Hail the Blue Dogs, SOHU/CYOU/GLW Earnings
RCM Comment: We must keep an eye on this major development. If FASB stands firm and makes the changes desired then possibly 3rd and certainly 4th quarter earnings announcements for financial companies should be entertaining. These changes would make it exceedingly more difficult for the financial group to hide and misrepresent the true conditions of the business. Accountants Gain Courage […]
