Congress Plays Goldilocks as UAW Concedes
Today, executives from General Motors (NYSE: GM), Ford (NYSE: F) and Chrysler are returning to Washington to seek bailout funds, loans and assistance. It remains to be seen if they will get the help they need. Sixty-one percent of Americans don’t believe they should.
It’s playing out like a twisted fairytale [...]
Value Investors - Beware The Value Traps
by Louis Basenese, Advisory Panelist
Associate Investment Director, The Oxford Club
Wednesday, December 3, 2008: Issue #895
Value investors, consider this your warning… With thousands of stocks down 50% (or more), investors are salivating over the bargains. But for every true deal, there are at least three “value traps” - stocks [...]
How to Beat Warren Buffett at His Own Game
This morning, Electricité de France (EPA: EDF) made another attempt to purchase Constellation Energy Group (NYSE: CEG). EDF’s new offer of $52 a share for half of the company is almost as much as MidAmerican Energy -Warren Buffett’s subsidiary of Berkshire Hathaway (NYSE: BRK.A) - paid for [...]
Bernanke’s No Help for FHA
Ben Bernanke tried to reassure investors yesterday that the United States is in better shape than it was during the Great Depression… and that interest rate cuts might not be enough to jumpstart the depressed stock and housing markets. If they do drop interest rates to zero, the Federal Reserve [...]
Retailers look to Cyber-Shoppers
Today, millions of Internet users at homes or their offices will get more shopping done than work. Known as “Cyber Monday,” it follows “Black Friday” and has become another closely watched indicator of the strength and health of consumer spending.
It’s estimated that consumers spent $10.6 billion on Friday. This year’s Black Friday [...]
