Last summer, our guest Gary Shilling of A. Gary Shilling & Co. predicted that stocks would fall 30%. That hasn’t happened yet, but the extraordinary bull run that made idiots out of many of Wall Street’s greatest gurus last year has now finally
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Yahoo! CEO Carol Bartz got a chance to turn the tables Monday, sitting down in Sunnyvale with Kara Swisher, co-executive editor of All Things Digital.Bartz and Swisher aren’t strangers, but the meeting found them playing a little role reversal, with the f
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From The Business Insider, Feb. 8, 2010:The market was mixed on light volume until 3:00 PM. Then the Bears came out in full force. The Dow ended up dropping 104 points to 9908. The NASDAQ lost 15 and the S&P 500 lost 9.45. Among the most actively trad
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After trading below 9900 intraday Friday, an afternoon rally left the index above the key 10,000 mark heading into this week. The Dow’s comeback encouraged the bulls but is Dow 10,000 really something to be excited about? (The index was back below 10,000
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The Fed is planning to detail its “exit plan” this week, the WSJ says. This exit plan is the means by which the Fed will gradually reverse the tremendous stimulus it is still pumping into the economy and financial system.As we’ve noted oft
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From The Business Insider, Feb. 5, 2010:(This post appeared originally on the author’s blog, Gregor.us. …
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Yesterday, New York Attorney General Andrew Cuomo filed civil fraud charges against Bank of America and the company’s former CEO Ken Lewis and CFO Joseph Price. …
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The U.S. economy shed 20,000 jobs in January, a tad worse than expectations for a reading of flat to up 15,000. The unemployment rate unexpectedly fell to 9.7%, a five-month low. A falling unemployment rate is certainly good news for the Obama administrat
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From The Business Insider, Feb. 5, 2010: Some might say that Toyota’s current crisis is a result of enormously bad luck, and they might be partly right.
Yet Toyota’s problems also appear to have been the result of a
series of tiny flops, over and over,
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Economists are expecting Friday’s jobs report will show the economy produced a flat or slightly positive jobs tally and a slight uptick in unemployment to 10.1%. But after Thursday’s disappointing jobless claims data, traders braced for, in the words of o
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From The Business Insider, Feb. 4, 2010:The Dow plunged below 10,000 today, and at 4:00 PM it was at around 9999.84.
Some late ticks put it over the top, and the index settled at 10,002. But it was a hollow victory on a day the index fell 2.6%.
The NASD
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Thursday was a tough day for the optimists. Major averages tumbled following a weaker-than-expected jobless claims report and renewed strength in the dollar amid ongoing worries over sovereign debt in Greece, Portugal and Spain.Heading into the close, maj
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Toyota’s crisis appears far from over. The company now says it may recall the latest version of the Prius, after the Japanese government ordered an investigation of its braking system. The U.S. Department of Transportation is also investigatin
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Update: The accompanying video was taped prior to the open
Thursday; major averages were recently down about 2% following a
weaker-than-expected jobless claims report and renewed strength in the
dollar amid ongoing worries over sover
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In several Tech Ticker appearances last year, Jeff Matthews of Ram Partners made the case that the economy and stock market were going to surprise on the upside, including here and
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