Archive for June, 2009:

The Bulls Win Q2

{ Posted on Jun 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Finally (finally!) stocks turned in a winning quarter. We're collating final tallies now. As for the major indices, the Dow Jones gained 11% in the quarter, its best since 2003. The NASDAQ soared 20.1%, and the S&P 500 rose 15%. STILL: Stocks definitely looked ...Read More »

The Simple Dollar Podcast #5: Talking to Parents

{ Posted on Jun 30 2009 by Trent }
The fifth episode focuses on talking to parents about money and their estate planning as they get older. Along the way, I mention my own challenges in figuring out how to handle this as my parents age. Total ...Read More »

Lending Standards Didn’t Weaken In The Mortage Boom

{ Posted on Jun 30 2009 by John Carney }
Categories : All, Clusterstock
Contrary to one of the dominant myths of the credit crisis, a study from the Federal Reserve Bank of St. Louis demonstrates that lending standards did not deteriorate during the heights of the mortgage boom. This has important implications for ...Read More »

NO BAIL FOR ALLEN STANFORD

{ Posted on Jun 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
A judge has deemed Allen Stanford a flight risk, and so he'll be staying in the slammer until his trial starts. Sucks for him. (To be honest, the fact that he didn't flee prior to being arrested makes us question this ...Read More »

Last Chance To Dress Your Windows

{ Posted on Jun 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
There's less than an hour left in Q2, which will go down as the first quarter in quite awhile to end in positive territory. If you're managing other people's money, you better hope you made some, and if you want to ...Read More »

Examining The Damage to the NYC-area Economy

{ Posted on Jun 30 2009 by Ken Houghton }
Categories : All, Angry Bear

NYSE Halts Disclosure Of Goldman’s Trading Dominance

{ Posted on Jun 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Each week, Zero Hedge has been posting data from the NYSE showing which firms were the most active in program trading, and invariably the leader would always be Goldman Sachs (GS) by a mile. It wasn't clear what it all meant, ...Read More »

Apollo Group: Industry Bellwether Continues Exceptional Growth

{ Posted on Jun 30 2009 by Ockham Research Staff }
Categories : All, Ockham
The for-profit education business has enjoyed a nice run as unemployment rates continue to rise ever higher.  The largest of the sector is Apollo Group (APOL), owner of The University of Phoenix.  Apollo reported earnings after the close on Monday ...Read More »

Wall Street Has Already Changed Its Comp

{ Posted on Jun 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Earlier we posted that despite the news out of JPMorgan (JPM) and Citigroup (C) about they were changing their compensation, no real changes could be made, since the fundamental business models remained the same. But perhaps we were being overdramatic. Underneath ...Read More »

It’s True, People Lose 10 IQ Points When Talking About The Fed

{ Posted on Jun 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Ron Paul's Fed Transparency Act, which would require a fresh outside audit of the Fed, has passed the House, though it faces an uphill climb in the Senate.It's got a lot of internet-borne support (duh!) in part, probably, cause nobody ...Read More »