Archive for August, 2008
Housing Market Bottom?
Here is a magical date from Mad Money’s Jim Cramer: the housing market bottoms at the third quarter next year (see Cramer after 10 seconds).
Last year, Cramer called that Google’s stock would peak at $750 at the time when the stock was trading at $600. It did went up to close to $750 and then [...]
Investopemania
Read this funny thing from Euromoney magazine. Have to quote in full:
Top 10 Financial Definitions That Are Funnier Since the Credit Crunch
Auditor: person that arrives after a battle to finished the wounded.
Bull Market: a random market movement causing an investor to mistake himself for a financial genius.
EBIT: Earnings before irregulatirites and tampering
EBITDA: earnings before I [...]
Rumor Or Hammer? The Market Will Tell
At 1pm on Thursday, Ladenburg analyst Dick Bove sent out a note on Lehman Brothers to raise the stock to a Buy, basing his belief that a hostile takeover is now possible. Within less than a hour, Lehman’s stock rose from $12.91 to $13.54. With the lightening speed of the market, there is no time [...]
Wall Street Strip
Some interesting comments from DealJournal on reporting on Wall Street and making it on Wall Street:
“As a one-time investment banker turned columnist, I can tell you it is a tough balancing act for a journalist to cover Wall Street and its armies of financiers. How does a journalist juggle the need for sources [...]
How Fannie and Freddie work
Just saw an awesome interactive graph on Reuter’s DealZone explaining how Fannie and Freddie work. This is an example of a perfect match between interactive techniques and traditional journalism. Enjoy.
