Last Friday the 13 (Nov 13, 2009) a spoof was run by a blooger to see if investors would buy something called SOAR and SINK offering really stupid leverage and gearing ratio's. The blogger Jason Kelly actually received expressions of interest. Proving that there is too much greed out there. Go to ww ... Read more

Williams Sonoma (WSM) announced results and told investors they are pleased despite the current economic circumstances. Howard Lester, Chairman and Chief Executive Officer even played to the gallery by saying that they delivered another consecutive quarter of better than expected results. That start ... Read more

G10 Advancers and Decliners vs USD JPY 0.41 EUR -0.55 GBP -0.62 CHF -0.68 The USD has remained bid throughout the day as poor equity market performances have moderated risk appetite. Commodities including gold and silver have retraced markedly from their highs, with gold dip ... Read t ... Read more

SPECIAL... Lou Dobbs joining me on Kudlow Report tonight. 7pm ET on CNBC. ... Read the full post ... Read more

Yesterday, there was a hearing in New York over the Lehman bankruptcy where Lehman CEO Bryan Marsal, who we’ve written about several times over the past year (see here and here ). The big headline out of yesterday’s hearing was Marsal’s statement that claims against Lehman ... Read more

Thursday, November 19, 2009 The U.S. Dollar is trading higher against most major currencies this morning with the exception of the Japanese Yen. Easing in equity, gold and crude oil prices is sending a signal to traders to lighten up positions and book profits after the recent decline i ... Read more

| Lasse B. Lien | Ideally, the competitive process would select for productivity. I doesn’t actually do that. Presumably it selects for expected profitability, which is close enough -assuming market power isn’t too common. What has the economy been selecting for in the past year or so? The ... Read more

G10 Advancers and Decliners vs USD JPY 0.44 GBP -0.44 EUR -0.51 CHF -0.56 Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major a ... Read t ... Read more

Wall Street is entirely too focused on current earnings, as noted by Ben Graham . So when a company shows declining earnings on declining revenues, the stock price will take a hit, even if the declines are purely cyclical. For example, consider the quarter-by-quarter revenue chart for K ... Read more

Typically, one of the best thing Congress ever does is nothing. And so it is again with the Cap-And-Trade energy bill. Thankfully, Senate Climate Bill Delay Raises Doubt on Chance for U.S. Law . The U.S. Senate won’t try to pass a bill limiting U.S. greenhouse-gas emissions for months, clouding ... Read more