Economy Blog

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The rapid, sometimes pell-mell, growth in the ETF industry has been a frequent topic here at Abnormal Returns. It now seems that we are beginning to see a slowing in the race for shelf space. From Diya Gullapalli at WSJ.com:
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Related LinksFacebook Looks to EuropeMySpace Is This, And Your Space is That…
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(February 2, 2008 11:35 AM, by Bryan Caplan) Alan Krueger’s book tests the popular story that poverty is the root cause of terrorism. Macedonia: What Does It Take……
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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- Reliance Communications is the leading player in the Indian telecom industry. In my opinion, due to attractive tariffs and offerings across the telecom value chain it has transformed the competitive dynamics of the sector. And with the mobile subscriber base likely to grow at a fast pace, Reliance Communications is going to be a major beneficiary of this growth. …
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By Vipin Agnihotri There are plenty of experts who think that US slowdown can have a negative impact on the Indian economy. But in my opinion, India’s economic foundation is good enough to sustain 9-9.5 per cent growth despite fears of a possible US slowdown. …
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By Vipin Agnihotri Private equity players in India are focusing at hospitality sector and education firms at this moment of time. Not so long ago, IT, manufacturing, banking and engineering were the preferred choice for private equity investors. But situated has changed in the last few months as “shallow sectors” such as hospitality, agriculture and media are gaining importance among bulge-bracket investors. …
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So hilarious. She is just so original. Cool of Matt Damon as well to get how funny that would play.

Thank goodness for YouTube. Hat Tip Barry .
That’s it ’till Monday…Superbowl and parties to attend to…
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This Sunday, I’ll be in Tampa, Fla., celebrating my birthday while watching the ads ? er, the Big Game — on television. (I confess, I’m not big on the pros, but I do love my Terps football.) Super Bowl Sunday always seems to steal my thunder, but for some small businesses in Arizona this year, it’s an opportunity to bank a major client and muscle in on the turf of some big suppliers of the National Football League.
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There was an important meeting of the Hudson River Park Trust (HRPT) Board on Thursday the 31st. An open meeting (where members of the community can attend but cannot speak from the floor) that usually attracts 20-30 people was attended by at least a few hundred, at 4pm on a Thursday afternoon down in Batter Park City (at neither a convenient time nor a convenient venue). My fellow colleagues from the Pier 40 Partnership (P…
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There was an important meeting of the Hudson River Park Trust (HRPT) Board on Thursday the 31st. An open meeting (where members of the community can attend but cannot speak from the floor) that usually attracts 20-30 people was attended by at least a few hundred, at 4pm on a Thursday afternoon down in Batter Park City (at neither a convenient time nor a convenient venue). My fellow colleagues from the Pier 40 Partnership (P…
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Table below contains all write-down and credit loss for major world banks and brokerages. Up to now total amount is 146 billion USD. Report shows impact of financial crisis from the beginning 2007 till now. Numbers are including subprime and mortage writedowns, credit losses, reserves for bad mortages and loans.Numbers are in bln USD at 31.Dec 2008. Data are purged from profits from financial hedging….
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This week was a reminder that we are in a bear market.
The S&P had one of it’s best week ever and I think one stock hit an all-time high (luckily mine IBKR). The rally came after the worst January ever.
Gold was whacked, oil was whacked, Micro’Whatever’ was whacked. Banks, Homebuilders and Yahoo rallied…all the shit that everybody was now short. That’s a bear market rally.
As my friend Cole pointed out to me with this B…
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addslashes(China Watch Mail Bag

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addslashes(Top 10 Most Searched Stocks on TheStreet.com, February 1

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After the close on this coming Wednesday, we’ll get to see earnings out of perhaps one of the most important tech companies: Cisco Systems, Inc. (NASDAQ:CSCO). The estimates from First Call for the networking giant are $0.38 EPS on $9.8 billion in revenues. Estimates for the following quarter are $0.40 EPS on revenues of $10.2 Billion and fiscal July 2008 estimates are $1.59 EPS on $40.36 billion in revenues. Analysts have an average price target upwards of $34.00 per share, despite the massive slide we have seen in this stock since its last earnings. Cisco’s last post-earnings stock trading was…
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It’s just so well done.
Check it out .
I hope John Behlman will keep doing them for us. Also all-time lows.
You like?

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On Monday, we’ll get to see earnings out of Yum! Brands Inc. (NYSE:YUM). The estimates from First Call for the fast food franchise giant are $0.42 EPS on $3.14 billion in revenues. Estimates for next quarter are $0.42 EPS and its fiscal 2008 estimates are $1.87 EPS on $10.65 billion in revenues. As this owns KFC, Pizza Hut, Taco Bell, and more, this one is sort of a defensive stock among restaurant stocks. It has also been doing so well overseas, particularly growing in China, that the company has been able to weather the U.S. storms. We even named this…
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On Monday, we’ll get to see earnings out of Synchronoss Technologies, Inc. (NASDAQ:SNCR). The estimates from First Call for the transaction management software developer are $0.20 EPS on $35.65 million in revenues. Estimates for fiscal 2008 are $0.91 EPS on $166.16 million in revenues. Analysts still have an average price target north of $42.00 despite a huge sell-off in the stock in January. If Friday’s closing prices are any indicator and if the earnings were coming out immediately, it appears that options traders would be pricing in a move of up to $2.00 or more in either direction. We’d note…
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On Monday afternoon, we’ll get to see earnings out of NEWS CORP (NYSE:NWS). The estimates from First Call for Rupert Murdoch’s now even larger media empire appear to be $0.27 EPS on $8.24 Billion in revenues. But we would urge caution in really using any numbers for this quarter and perhaps the next two quarters. This is the first report to have the amalgamated News & Dow Jones Empire and that deal only closed in the final days of the fourth quarter. We don’t even have any hopes of any formal guidance and we’d only expect a partial report on…
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