Monthly Archives: March 2011

Typewriter jockeys

The major indexes closed the first quarter with a mixed session. The Dow lost 30 points, the S&P 500 fell 2 points, and the Nasdaq gained 4 points. Twenty-two of the Dow’s 30 components lost ground, led by American Express… Continue reading

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Links, news, and diversions

Next in line for a bailout: Portugal. Amazon.com puts music in the cloud (and beats Google and Apple to it). China on pace to publish more scientific papers than the U.S. or the United Kingdom by 2013. Will there be… Continue reading

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An unannounced national diet

A jobs report that met expectations helped push the markets solidly higher, one day before the end of what has so far been a very good quarter for stocks. Mergers and acquisitions activity provided a boost to optimism, as did… Continue reading

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No free lunch

The markets traded solidly higher on low volume, likely in anticipation of the employment reports later this week and the lack of any significant bad news from Japan and Libya. The sovereign debt of Greece and Portugal was downgraded yet… Continue reading

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The Mankiw Rule and the future of Federal Reserve policy

The Fed has dual mandates imposed upon it by Congress: to seek “full employment” and “stable prices.” Admittedly the exact specifications of those objectives are somewhat squishy (meaning there are no explicit inflation or unemployment-rate targets), but the general goal… Continue reading

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No more major regrets

Potentially fatal levels of radiation were reported in water pooling outside of Japan’s compromised nuclear reactors today, a setback to efforts to contain the situation. In the U.S., consumer spending was up—a positive—but for all the wrong reasons, as rising… Continue reading

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The week ahead, the week behind

The past few years must have trained the markets how to handle calamities well. Normally, a week in which one country struggled to contain a potential nuclear catastrophe while a major oil-producing country was bombed by the U.S. and a… Continue reading

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Look who’s cutting and what

The major stock indexes advanced for the sixth session out of the past seven trading days. The Dow gained 50 points, the Nasdaq rose by 6, and the S&P 500 advanced 4. Thirteen of the Dow’s 30 components lost ground,… Continue reading

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On the Trading Desk – Opportunities in sensitive sectors

Ongoing economic recovery offers many attractive opportunities in both the fixed-income and equity markets and, particularly, in economically sensitive sectors. But first you need to find the good companies and then determine whether it’s the bond or stock of that… Continue reading

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Guess what’s back

The major indexes moved higher on stronger-than-anticipated earnings reports. The Dow gained 84 points, the Nasdaq rose by 38, and the S&P 500 advanced 12. Twenty-seven of the Dow’s 30 components gained ground, led by Hewlett-Packard (HPQ), which rose 2%…. Continue reading

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