July 2009
July 30, 2009 –
Just for days ago I reported that Cash-for-Clunkers was resulting in a HUGE response across the country. [more]
July 29, 2009 –
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RELATED TICKERS: MTW
I wrote this as a comment in response to another blog, and felt like I would post it as my blog for the day (with some edits), expanding on what the earnings call from the MTW indicate (so-so). [more]
July 25, 2009 –
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RELATED TICKERS: GM
, F
, SIRI
From www.wzzm13.com - I have highlighted some notes of interest. [more]
July 24, 2009 –
I don't usually buy books that often anymore. Not because I read infrequently or don't like books. I'm actually a big library patron and usually between myself and my significant other, we have 20-30 books checked out at any time. Sometimes, this results in big library fines, but thats ok- I figure its like donating to the library to pay staff and get more books. I've found that I actually like to browse a library far more than a bookstore, because with the library, I can try out books and check out as many as I want without having to think - am I really going to like this book? [more]
July 23, 2009 –
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RELATED TICKERS: POL
On July 21st, I posted a poll on where CAPS members think the economy will be headed, and correspondingly where the markets will be at. [more]
July 21, 2009 –
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RELATED TICKERS: POL
In the previous blog, I posted my estimation of the current blogger sentiment on where the markets and economy are at. Mostly this is about the underlying state of the economy - and how you think the markets should reflect that. I made the following estimation in the comments section: [more]
July 20, 2009 –
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RELATED TICKERS: CAT
, MTW
Or is it going with the mainstream flow? I don't know, and honestly I don't really care. Today, Bank of America upgraded Caterpillar to a buy - see the WSJ: [more]
July 17, 2009 –
If the market has an overall trend (believing it is advancing ahead of the economic recovery), and you bet against that trend, you may be terribly burned (like GMX was). [more]
July 16, 2009 –
Over the last year, I got a bad habit going. I have trouble not checking daily on the curves of stock prices. I usually first check early in the morning at 8:30am when the market opens. Then I'll check again at 12:00 lunch break, and 3:30pm at the end of the day. I'm not sure when this habit started. Somehow, the excitement of whether today was going to be an up day or a down day took over. [more]
July 12, 2009 –
[more]
July 10, 2009 –
BP [more]
July 10, 2009 –
When Dave Carroll's band's guitars were mistreated by the United Airlines, he didn't take the abuse silently. After refusing to pay his claim for the destruction of his $3500 guitar, he vowed to make a set of music videos about United Airlines crappy service. Here is one of them. [more]
July 06, 2009 –
Early in my January 2009 post I wrote on why the I thought the Stimulus plan contained some good aspects that would do more for improving the economy than equivalent spending through tax cutting. One of the large portions of the Obama Stimulus was aid through food stamps. Food stamp benefits, as shown by the Moody's table of dollar growth in GDP / dollar government spending - had the highest benefit/cost ratio of 1.73. This was higher than the benefit from infrastructure spending per dollar, and way higher than tax cuts. Permanent tax cuts had a lower than 1 benefit to cost ratio, showing that these would have been wasted spending. [more]
July 04, 2009 –
Here is a thought experiment for the US and dollar: How long does it a product at a bookstore, grocery store, or walmart to be completely sold off and replaced with new inventory from a company [Across the whole of the country]. That is the fastest time cycle for an individual business being able to raise the price of their product. Just watching potato chip price changes - after corn became very expensive last summer it took over a month or two before the potato chip price would reflect the increased cost. Then it took almost 6 months before potato chip prices have fallen to what they were before the price increase in corn. [more]
July 01, 2009 –
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RELATED TICKERS: SIRI
SiriusXM launched their fifth satellite today, just thought the pictures were pretty cool. I don't know if it is the best business model - it always sounded like some crazy scheme to me. "Hey man, what if we like, launched rockets into space to broadcast music to the earth- whoa..." [more]