A couple of top economists shocked the market yesterday. According to Bloomberg, two former Fed economists said the central bank will cut its monthly bond buying from $80 billion to $50-$60 billion in the fourth quarter. The two see such a cut as the first step in a three-step strategy to wind down the Fed’s [...]
In a surprise move, the Fed released minutes from their March meeting early this morning. It was a surprise because the release was well before the regularly scheduled 2 p.m. time. The early release most certainly threw investors for a loop before they even had a chance to down their morning cup of coffee. But [...]
Earlier this week I had the pleasure of sitting down to chat with non-fiction, sci-fi, and fiction writer Frank Fiore. We were having a casual lunch as he lives near I do, and he was telling me about his latest book which is nearing print. The conversation turned to politics and world events, and of [...]
Well, that was close. Several times over the past week I wrote that I was sure our government would resolve the fiscal cliff issues prior to the end of the year. I was somewhat wrong – they didn’t actually agree to anything until technically after 2013 began. Plus, there are still several important issues left [...]
In the world of economics and finance, there are always naysayers. It just goes with the territory. No matter how good the numbers look, there are always going to be people who attempt to poke holes and find flaws in the data. In recent times, perhaps nothing has been more contentious than the path of [...]
It looked like it was going to be another slow week of fiscal cliff watching. Then the Fed meeting happened. And while the market’s reaction has been tepid (as of this writing), there’s a whole lot to digest in the Fed announcement. Make no mistake, the Fed’s statement is a huge deal. In fact, it’s [...]
With all the post-election carnage in the stock market, it may have been easy to miss just how hard Apple (AAPL) has fallen. Over the past month, the world’s largest company is down 17% for the month. And that’s after a minor recovery, where the stock nearly broke below the psychologically important $500 per share [...]
Finally, the Presidential campaigning ends today. Hooray! I am so excited we’ll have the elections finalized tonight. And I’m sure you’ll agree with me, I’ve had more than my fair share of negative campaign ads to last me a lifetime. The good news is, once the last of the polls close tonight, investors will finally [...]
Hurricane Sandy is just another example of how investing can be completely unpredictable at times. This week was supposed to be about earnings news, the presidential election, and Europe. Instead, investors are laser-focused on the aftermath of Sandy. It’s fortunate the markets are even open at this point. The damage from flooding has the potential [...]
I have to say, the human psyche never ceases to amaze me. Yesterday morning I hopped on the phone to check up on some friends back home. After talking to a few, I was shocked to hear what some of them had planned for the storm. Let me take a step backward. For those of [...]
There was an interesting article posted on CNBC last week discussing an analyst who believes Google (GOOG) could disappear in five years. Of course, Google had a disastrous week, surprising investors with weaker than expected revenues and profits. And to make matters worse, the company accidentally released their quarterly numbers four hours too early, causing [...]
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