Not for the first time Buffett and I agree

Yes, I know…no blog postings for 5 days and then POW, 5 in a row. Sorry folks, but good stuff is afoot. Fortune is running a story that can be found at http://money.cnn.com/2009/02/04/magazines/fortune/buffett_metric.fortune/index.htm that is saying that a metric of Warren Buffett’s is suggesting it is time to buy U.S. equities. Well, duh! Your’s truly has been saying that now...
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Executive compensation caps, echo

Just after I posted my opinion of Obama’s proposed executive pay caps, CNNMoney.com published a story that confirms the most important point of the earlier post: “Importantly, I hope that this action on the part of the Obama Administration eventually leads to a national discussion about executive compensation practices and a change to the way most businesses currently reward their...
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Update from the bottom, part II

OK, so now we are a month and a half past my December 16th posting “update from the bottom.” Recall that in that post I was updating you on the performance of the stock market subsequent to my having said a low was reached on November 20th. The closes of the three major stock market indices that day were: DJIA: 7,552.29 S&P 500: 752.44 NASDAQ: 1,316.12 These three indices have...
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Boondoggle brokers conferences cancelled

As a former mutual fund portfolio manager I can tell you that one of the sources of (potential) corruption within the financial industry is the annual boondoggle conferences that major brokerage houses host.   These conferences are sold to the institutional investor community as opportunities to meet with, and have private access to, the executive teams of major corporations and usually...
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Executive compensation caps

Happy Wednesday everyone! First of all, thanks for reading. I hope that you are still enjoying the blog. Today’s post is about President Barack Obama’s plan to cap executive pay at firms that receive Federal government assistance under the TARP. From the beginning of the blog I have been saying that executive compensation was one of the things that needed to change if we, as a...
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New energy policy

Good afternoon, President Barack Obama spent a goodly portion of his week on energy policy. Details of his proposal are as follows: Obama believes that his plan will create up to 460,000 jobs Over the long-term he hopes to create millions of jobs by investing $150 billion to help private companies further develop clean energy, such as: wind, solar and geothermal He plans on: investing in clean...
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Really gross domestic product

Happy Friday everyone! I hope that this post finds each of you well. Today’s message is about the Fourth Quarter U.S. Gross Domestic Product number. In case you had not heard, the economy contracted at an annualized 3.8% rate. However, and this is the BIG however, most economists were expecting the decline to be around 5.5%. Either way, it is a big number. Consider that the economy...
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