Finding a Bottom in Blockbuster?
What a ride it’s been in Blockbuster the last 6 months. On Nov 2, 2006 Blockbuster reported an excellent 3rd quarter. While revenue was down slightly and they posted a loss of $27.5 million they in fact made alot of…
One Important Reason For Rising Interest Rates: Rising Rates Around The World
A couple weeks ago David Gaffen at the WSJ’s MarketBeat blog had a post everyone should read on five reasons for rising interest rates: (1) Higher Yields Around the Globe (2) Diminished Expectations for a Rate Cut (3) China Diversifying…
Don’t Believe The Realtors: CA Housing Bust Just Getting Started
“No question that the bottom of the market hasn’t hit yet.” – Esmael Adibi, Economist, Chapman University in Orange County “I think we’re going to be dealing with this all the way through 2008.” – Jack Haynes, Executive Vice President,…
With Treasuries Repriced For a Fed On Hold, The Bulls Are Back
“For equities, and for the bond market in general, this may come to be viewed as merely an adjustment – a restoration of the old relationship between Treasuries and the federal funds rate – and they may be calmed by…
Interest Rates Explode Upward – Biggest One Day Spike Since March 9, 2005
“Sentiment [on treasuries] has probably gotten too bearish given the current set of news.” – Tony Crescenzi (subscription required), Chief Fixed Income Strategist, Miller Tabak The sell-off the last three days has been entirely about interest rates. Higher interest strain…
The 5% Diet
“The whole story is interest rate worries.” – Stephen Carl, head trader Williams Capital (subscription required) “A lot of people are trying to come to grips with the idea that the Fed is just as likely at a future meeting,…
Bed, Bath & Beyond Cuts First Quarter Outlook; Federal Trade Commission Seeks To Block Whole Foods/Wild Oats Market Merger
In other news from today, home furnishings retailer Bed, Bath & Beyond (BBBY), an $11 billion, S&P 500 company lowered its outlook for its 1st quarter ended Saturday June 2. It expects to earn between 36 and 38 cents per…
Did Anybody Actually Read Bernanke’s Speech?
The big event for today turned out to be a speech given by Fed Chairman Ben Bernanke to the International Monetary Congress in Cape Town, South Africa via satellite before the market open this morning. This speech somehow reaffirmed the…
China Sell-Off IV Is A Yawn For US Markets
On the heels of last Wednesday’s 282 point, 6.5%, sell-off in China there was another selloff in China last night (Monday June 4). The Shanghai Index was down 330 points, or 8.26% – comparable the 269 point, 8.85%, sellof heard…
Top Gun Added to The Kirk Report’s “Blogs I Read”
I was just checking my website traffic and was pleased to discover that Charles Kirk at The Kirk Report added Top Gun’s blog to the “Blogs I Read” section to which members of his site have access.