Markets
HOV Gives Up Gains + Oil Shock for Late 2009
*****Today is the last day of the second quarter. Mutual funds are no doubt buying … Read more
GM’s Wagoner Gone and Oil Below $50: Time to Buy?
I didn’t know former General Motors CEO … Read more
Retail Sales Up, Income Down: buy KB and HOV?
I’m fond of saying "never underestimate the American consumer." Retail sales for February came in with a 0.2% rise, even though income fell 0.2%. Stocks look ready… Read more
U.S. Great Depression & Profits from HOV and GHM
Former Czech Prime Minister and European Union President Topolanek called the U.S. economic stimulus plan "a road to Hell." He claims the Fed, Treasury and Administration of… Read more
Hovnanian and Graham
Yesterday, I suggested that this rally was unlikely to retrace much ground and … Read more
A Trillion Here, A Trillion There
A trillion here, a trillion there. Pretty soon, we’re talking about real money. … Read more
Oil and Recovery
Oil prices have moved over $50 a barrel. There are a few factors at work here. OPEC’s cut production. Of course, that’s been ongoing, and OPEC’s moves have done… Read more
Inflation Coming?
Yesterday, the FOMC voted unanimously to buy over $1 trillion dollars in U.S. Treasury bills, corporate bonds, mortgages and consumer debt.
Chief economist at Bank of New… Read more