Economy Blog

addslashes(The Real Story Wrap: January 10, 2008

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Emerging markets in New Europe were very bearish today. Polish WIG 20 closed -2.4%, Czech PX 50 -2.5% and Hungarian BUX -1.2%. During day PX 50 was down even more than 4%. Present P/E valuation is 13.2. But still Czech economy is growing more than Western Europe and also above average in enlarged Europe. There is a risk of strong currency. Czech Koruna is the strongest in region. But heavily weighed holdings (CEZ, Erste Bank, O2) in index PX 50 shouldn’t be negatively affected by currency appreciation….
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Hand: Bernanke speech leaked to the world
Arrow first from left: Speech starts
Arrow right: Speech ended, BfA to buy Countrywide

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addslashes(News You Need: Goldman Sachs, General Dynamics

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First let me say that I’m not surprised the market rallied strong today. Like I said yesterday, we knew Countrywide was in serious trouble. We’ve known this for months. Why does the market sell off 200 points on news that was widely expected? With the market taking about 2/3 of it back today, I’d say that sell-off was mostly fast money driven.T…
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There are two occasions that prompt me to review what I’m doing: 1) Losing Money and 2) Hitting New Equity Curve Highs……
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IPO? Acquisition? Lindsay breaks it down for you. Ya DiGG?…
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The relationship between major currency exchange rate variations and stock returns is inconsistent and, when it appears, largely coincident rather than leading….
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Yesterday’s announcement that hedge fund seeder/investor Asset Alliance has done a reverse takeover and now has an Amex listing reminds us of the good old days of e-business incubators….
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