Monthly Archives: February 2011

Writing does not compute

Markets rebounded today after the price of oil retreated and Federal Reserve Bank of New York President William Dudley gave a somewhat optimistic take on the economy and on the prospect of low interest rates for the short- to medium-term… Continue reading

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The week ahead, the week behind

With something approaching a civil war erupting in Libya, oil prices skyrocketed and stocks fell in the face of growing uncertainty about disruptions to Libya’s significant oil production. The S&P 500 fell 1.4% for the week. The largely peaceful protests… Continue reading

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Boeing goes boing, boing

The major indexes closed out a tough week with a rally. The Dow gained 61 points, the Nasdaq rose by 43, and the S&P 500 advanced 13. Twenty of the Dow’s 30 components gained ground, led by Boeing (BA) and… Continue reading

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On the Trading Desk – Mobility in the growth space

Companies that provide the technology to help improve mobility are big business, and some have good growth prospects. Here to explain is Thomas J. Pence, CFA. Tom is managing director and senior portfolio manager with Wells Capital Management’s Fundamental Growth… Continue reading

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The tortoise, the hare, and the bot

As rumors swirled about events in oil-rich Libya, crude oil prices seesawed, prompting volatile trading in the stock markets. The Dow lost 37 points, and the S&P 500 declined by 1. The Nasdaq gained 14 points. Eighteen of the Dow’s… Continue reading

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Links, news, and diversions

European nations dependent on Libyan oil are rethinking their strategy. This week’s S&P/Case-Shiller housing report was bad, but it wasn’t that bad. What it’s like to live through a store closing: the case of Borders. Apple’s shareholders reject succession plan… Continue reading

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Oil prices and the risk of recession

One question I’ve been asked is whether the price of oil—which is touching $100 per barrel—poses a risk to the economic recovery? I answer that it depends on whether the price increase is temporary or persistent—and I agree with those… Continue reading

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HAL takes a stroll down Boardwalk

The crisis in Libya continued to exert downward pressure on stocks, and the major indexes fell for the second straight day. Oil, meanwhile, continued to spike, with light sweet crude at one point trading at $100 before retreating. Earnings reports… Continue reading

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Do interest rates forecast growth?

One of the great mysteries in finance is what determines an interest rate. There are a lot of different frameworks for thinking about this, but the most basic resort to arguments about supply and demand. In this brief note, I… Continue reading

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Libya erupts, oil prices surge, stocks fall

Consumer confidence in the U.S. hit a three-year high, but that bit of good news couldn’t offset the considerable tensions arising in Africa, and particularly Libya, where the situation threatened to escalate into an all-out civil war. As the crisis… Continue reading

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