Lessons learned: Investing pros talk about 2008

Our portfolios shrank in 2008, yet we're rich as investors.
Rich, that is, in the wisdom that comes from bitter experience. After confronting what will surely go down as one of the worst financial crises of all time, we should all be much smarter about matters of investing.
Let's review some of the key lessons of 2008. One of the most important is that your risk of losing money rises sharply when you venture away from safe but low-paying investments Read the rest of this entry »

EMS Technologies sees 2009 profit above analysts

EMS Technologies Inc.
on Monday issued a full-year profit forecast above Wall Street expectations, saying it expects improving results across all its businesses.
The Atlanta-based maker of wireless communications technology expects per-share earnings from continuing operations in the range of $1.55 to $1.65 in 2009, based on accounting standards used in 2008 and prior years.
The bottom end of the company's expected profit range is just above Read the rest of this entry »

Fed gives meaning to 'free money'

The federal government announced a history-making plan to start giving away money for nothing, and the stock market loved it.
on Tuesday cut its benchmark interest rate to as little as zero, a record-low level showing its commitment to slaying the economic dragon of recession at all costs.
By pumping cash into the banking system, the Fed aims to jump-start growth right away, without worrying about the inflation likely to follow in years ahead. Read the rest of this entry »

Miserly old man learns meaning of Christmas

Charles Dickens created Ebenezer Scrooge as the ultimate Christmas hater. Scrooge has come to symbolize the "leave me alone" sentiment that won't let Christmas into their lives. That is the essence of his hard-bitten retort to the two men who come to Scrooge to gather aid for the poor.
"It's not my business," Scrooge says. "It's enough for a man to understand his own business, and not to interfere with other people's."
But in fact Christmas is Read the rest of this entry »

Rubio's Restaurants appoints Timothy Ryan to audit committee

Rubio's Restaurants said that it has received a letter from the staff of the Nasdaq stock market indicating that it was not in compliance with Marketplace Rule 4350, which requires a company's audit committee to consist of at least three independent directors. The company's audit committee was reduced to two independent directors following the previously announced resignation of Jack Goodall from the company's board of directors in December 2008.
Read the rest of this entry »

Strategists See 17% S&P 500 Rise After Saying ‘Buy’

Jan. 5 (Bloomberg) -- The same Wall Street strategists who
told investors to buy stocks in the
since 1937 are
even more bullish than a year ago, predicting the Standard &
Poor’s 500 Index will rise 17 percent.
UBS AG, JPMorgan Chase & Co. and Deutsche Bank AG say the
Federal Reserve’s decision to cut interest rates to as low as
zero percent will help revive the U.S. economy and drive
investors back to equities. Cheaper fuel prices and more Read the rest of this entry »

Daily Stock Market Commentary

Stock Market: investors are seriously concerned about the economic outlook.
Bond quality spreads are Bearish. LQD/TLT Relative Strength Ratio fell to multi-year new lows on 12/19/08. This implies that Bond investors are seriously concerned about the economic outlook.
Stocks appear vulnerable to renewed decline.
The stock price recovery/consolidation since the low of 11/21/08 appears to be taking the shape of a potential Bearish Rising Wedge Read the rest of this entry »

Cramer's 'Mad Money': Stay in the Game

recaps.
Editor's note: The following is a recap of a "Mad Money" episode that last aired on Aug. 30, 2008.
You can't become a great investor by watching from the sidelines or giving up after a few losses; you have to be willing to get in the game and stay in it, Jim Cramer told viewers of his "Mad Money" TV show.
Cramer said he knows how hard it can be to keep one's head in the game, and as far as he's concerned there are three "forces" that Read the rest of this entry »

How to end a 'decade of neglect' in US-Latin America relations

Has this been a good decade for Latin America?
It started horribly and then improved. It was good after the commodities boom began in 2003 until it ended a few months ago. As with past booms, people thought it would last forever. I gave a speech in Chile in July at which the speaker before me predicted oil would end the year at $250 a barrel. The notion that prices would stay high and prosperity remain unstoppable was silly. What people didn't understand Read the rest of this entry »

Wait. Why Is the FTC After Whole Foods?

need to take their continuing legal spat out of the courtroom and into the grocery store.
That’s right. Pack up the legal briefs. Grab a cab. There’s a
on L Street about a mile north of the F.T.C. headquarters in Washington.
A field trip is in order because the reasoning behind the F.T.C.’s efforts to stop a merger between Whole Foods Market and a smaller competitor, Wild Oats Market, has been undercut by marketplace realities.
Read the rest of this entry »