Archive for August, 2011« Previous Entries Next Entries »
Interesting op-ed piece in today’s WSJ by Harvey Golub, former chairman and CEO of American Express. Golub is not in favor of Buffett’s and Obama’s view that taxes should be raised on the wealthy. He believes he pays enough as it is. One thing he says, doesn’t make sense to me (bold mine): Now that [...]
My friend, Larry Winget, posted this on his facebook fan page: I have a favor to ask of all of you, I have some exciting opportunities pending but my producers would love to see me have more than 10,000 fans on this page. Big numbers build credibility with studios. If you can ask your friends [...]
Saw this and wondered what you guys thought about it. It might stimulate demand (might) but there are better ways to create jobs. I suggest Mr. Carney read this article from several years ago: Unemployment Insurance Does Not Stimulate the Economy. Basically… “…extending UI benefits would do the following: • Encourage unemployed workers to stay [...]
At the request of Steve Braun (click on the graphic to see a PDF version)… If you want to compare, you can see the table for August 9th.
If you want to look, check out the various indexes I track for their performance for the first nine days of August (click on the graphic to download a PDF). August has been so bad that it has pushed most of the indexes into negative territory. Not a pretty picture.
AFM reader, Tom, left the following comment on this morning’s post: Hey JLP, Do you happen to have day-after numbers on all of these drops? My question is, if you buy the S&P or DOW index on those days, and sell the next… what will your returns be? I did a little research in which [...]
Points-wise, yesterday’s 634.76 point drop in the Dow Jones Industrial Average ranked in the top six. Percentage-wise (which is also a much better guage as to the severity of the drop), it’s a much different story (I highlighted yesterday’s percentage drop in yellow): Yesterday’s drop barely made it into the top 50 based on percentage [...]
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