Tomorrow the Federal Reserve will announce its target for the federal funds rate. Futures markets were pricing in a better than 76% chance of a half-percentage point cut to 3% from the current 3.5% rate. Most economists are expecting a half-point reduction, while some argue that the Fed will only ease by a quarter point.
Quarter-Percentage-Point Cut…
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Tonight a multifamily REIT operator called UDR, Inc. (NYSE: UDR) is announcing a transformational deal along with its earnings. The company reported funds from operations (FFO) of $0.43 before a one-time adjustment (and $0.40 after) and it looks like the street was expecting $0.50. This is down almost 8% after realignments. But because this company is going to be greatly different, we are not focusing on the past results so much here. UDR has signed an agreement to sell 25,684 apartment homes in 86 communities for $1.7 Billion, and it will receive $1.5 Billion in cash and a $200 million…
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Will 2008 be ?the most difficult year? for the Asian dragon?…
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Size of U.S. rate cut to determine exchange rate fluctuations over the coming days.…
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Kurt Brouwer argues that the economy just isn’t as terrible as everyone thinks it is. “After five years of growth, things are slowing a bit, but periodic slowdowns should be expected,” he writes. “Soon, we will look back on this period in the same way we view all those other crises that were touted as the beginning of the end.”
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Original Source: feeds.wsjonline.com
What are we to make of the fact that Brian Wesbury’s bullish outlook piece in the WSJ spent much of the day atop the most popular list?
The first thought is that it’s a bearish sign: so long as there’s lots of support for the bull case, markets still have a fair ways to fall.
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$$$ This is by far our favorite thing of the day: YouWalkAway.com.
$$$ Barry Ritholtz says farewell to Ben Stein.
$$$ Jerome Kerviel: French National hero?
$$$ Anyone care to venture a guess how early Rudy drops out of the race and endorses McCain?
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Original Source: www.pheedo.com
Following this morning’s economic reports the widely expected 50 bps cut from the Fed became a little less widely expected, with the futures showing a drop from 86% to 72%. An internal poll at Morgan Stanley, however, showed the opposite, with 73% of respondents predicting only a 25 bps cut, according to an email sent to clients this afternoon.
Our own polling, which had over 1,700 respondents, showed almost an even split between a 25 bps cut and a 50 bps cut. No other position got a significant number of votes. So we’re asking again, with just two options.
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But investment from Western countries will remain robust in 2008.…
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addslashes(Top 10 Most Searched Stocks on TheStreet.com, January 29
Review of Guwahati real estate By Vipin Agnihotri Guwahati is the economic hub of North-east India. In the last two or three years the real estate market has grown gradually in this region. In my opinion, the growth has been led by organized retail and residential projects. …
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Review of Wikileaks By Vipin Agnihotri The main objective of Wikileaks is to come up with an uncensorable Wikipedia for untraceable mass document leaking and analysis. And so far, they have succeeded in attaining their objective. It has been noticed that Wikileaks want to expose oppressive regimes in Asia, the former Soviet bloc, Sub-Saharan Africa and the Middle East. …
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Few quality stocks that are going to rule the market this year By Vipin Agnihotri The India Street loves to give exclusive information to the investors. Find below details of few quality stocks that is going to rule the market in 2008. Reliance Communication- …
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If you are going to short you might as well catch a homerun.
I always wanted to be the guy to catch the move to zero in a Fannie Mae, Best Buy or Capitral One.
I HATE these companies and use to short them in the old days. I lost money all the time. The shorts are having their day in the sun. I of course have missed them.
Since 33 percent of all stocks roundtrip/get delisted, it should not be that hard to catch a roundtripper. I just want to catch one in the 50’s or 40’s. Obviously the best lace to catch one is when it’s already a penny stock. Since that’s no fun though, who should we short?
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Yahoo! (NASDAQ: YHOO) has posted results of $0.15 EPS on revenues of $1.403 Billion (on an ex-TAC basis). Consensus estimates from First Call were $0.11 EPS & $1.41 Billion Revenues. As far as guidance, Yahoo! said that revenues will be in a range of $1.28 to $1.38 Billion versus estimates of $1.37 Billion Revenues; for fiscal 2008 Yahoo! is placing revenues in a range of $5.35 to $5.95 Billion, although estimates were $5.90 Billion in revenues. Jerry Yang, CEO: “While we will continue to face headwinds this year, we believe that the moves we are making will help us exit…
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One thing you can always count on is that as geographic scope of businesses and finance grow, someone will call for the harmonization of the relevant legal and regulatory structures. Roger Ehrenberg blasts that familiar horn today, calling for “common regulatory frameworks” in order to minimize regulatory arbitrage and cut down on the “immense friction [involved in] operating regulated businesses across markets due to different rules and standards.” Felix Salmon applauds him, and calls for even more of the same. Somehow this is meant to be a lesson from our current credit crisis.
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Original Source: www.pheedo.com
That giant sucking sound you’re hearing is a bit of reality intruding upon shares of VMWare, which is down 32% today in the aftermath of reasonably strong earnings results that nonetheless fell short of analyst expectations.
(January 29, 2008 01:14 PM, by Bryan Caplan) A strange unintended consequence of the writers’ strike: Dexter is coming to network TV! Given the shortage of programming, CBS……
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