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China Oil Perspective - CNOOC (CEO), Petrochina (PTR) & China Petroleum (SNP)

A major international oil/gas industry perspective is that Exxon Mobil, British Petroleum, Royal Dutch Shell, Chevron, Total, ENI, etc. historically prevailed in global exploration and production developments. However, this perspective must now be amended to include the national oil companies of Brazil, Russia and China. Relatively new majors are Gazprom (Russia); Petrobras (Brazil) and three […]

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  7 February, 2008| Economy | Comments (0) @ 23:31
Congress Passes $168 Billion Stimulus Package

President Bush to sign; the deal should shorten the recesson….
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  7 February, 2008| Economy | Comments (0) @ 23:30
Blame Canada, Canucks Beg: We Have a Tenuous Link to SocGen Scandal? Yes! We Are on the Map. Calgary in the Muthafuckin’ Hizzeyheous

brianhuntermaybe.jpgIn all of the media coverage of that wily Société Générale employee, Jérôme Kerviel, and those $7 billion that were lost in fraudulent trades, no one has pointed out the biggest villain of them all, which is Canada. Since nobody will stand up and rectify that– the Times,…
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  7 February, 2008| Economy | Comments (0) @ 23:19
Top 10 Most Searched Stocks on TheStreet.com, February 7

addslashes(Top 10 Most Searched Stocks on TheStreet.com, February 7

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  7 February, 2008| Economy | Comments (0) admin @ 23:16
Justin Wolfers is $20 Richer

I found myself in the middle of an interesting debate between Barry Ritholtz and Justin Wolfers this afternoon. Barry was advocating the idea of trend-following, when it comes to stocks, while Justin is more of a believer in the random walk. Justin being one of life’s natural gamblers, it wasn’t long until they agreed on a wager.
I…
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  7 February, 2008| Economy | Comments (0) @ 23:05
Selling Homes, No. Buying Stock, Yes.

While the nation’s largest homebuilders have had trouble selling homes in the last several months, executives and others affiliated with the companies haven’t had too much trouble knowing when to sell the shares.
Analysts at Bespoke Investment Group, r…
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  7 February, 2008| Economy | Comments (0) @ 23:00
TCA-ETF Update

Etf_sector_report_020708Jeff is on the road, so I will provide the weekly update.  Jeff will comment more upon his return.

~ Renae


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  7 February, 2008| Economy | Comments (0) @ 22:49
Write-Offs: 02.07.08

$$$ Translating Corporate Speak: Yahoo [LoSC]

$$$ Boiler room scams on rise [Reuters]

$$$ Real Estate [WallStrip]


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  7 February, 2008| Economy | Comments (0) @ 22:29
comScore’s Own Guidance Measured Short By Traders (SCOR)

It appears that Internet audience measurement service comScore Inc. (NASDAQ: SCOR) is being treated roughly on its guidance after earnings this evening. The company just posted revenues of $25.3 million, compared to its $25.0 to $25.3 million prior range and compared to First Call estimates of $25.18 million. Its GAAP EPS was $0.42 at $12.7 million, but this included an income tax benefit of $8.1 million and included a $392,000 charge from its IPO. Its non-GAAP earnings were were $0.21 based upon $6.4 million. It had previously guided $6.2 to $6.5 million in non-GAAP earnings and First Call had estimates…

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  7 February, 2008| Economy | Comments (0) @ 22:17
Buy Quanta Services, Now

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  7 February, 2008| Economy | Comments (0) admin @ 22:06
The Real Story Wrap: February 7

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  7 February, 2008| Economy | Comments (0) admin @ 22:05
Market Forces: Yield Appeal

Increasing interest rate differentials maintain appreciative pressure on Asian currencies….
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  7 February, 2008| Economy | Comments (0) @ 22:00
FX: Renewed Risk Appetite Benefits $A and $NZ, Yen Lower

While most Asian markets remain closed for the Lunar New Year holiday….
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  7 February, 2008| Economy | Comments (0) @ 22:00
Blog Roll — A Bond Bubble?

James Picerno believes there’s a new bubble to come in the economy, but not where others believe. “There’s been a lot of talk of bubbles lately, including speculation on where the next one lies. Some say it’s in the energy sector; others claim that gold’s a bubble,” he writes. “Here’s our nomination: bonds.”

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  7 February, 2008| Economy | Comments (0) @ 21:46
Investigating The Ratings Agencies

“Too little. Too late.”

That’s how New York Attorney General Andrew Cuomo described the reforms proposed by Standard & Poor’s and Moody’s Investors Service in the wake of the subprime debt ratings catastrophe. Both S&P and Moody’s have recently announced plans to strengthen their ratings system in an attempt to restore their credibility and fend off regulatory or legislative action. But these proposals—which include rating have been met with skepticism and m…
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  7 February, 2008| Economy | Comments (0) @ 21:44
Trichet: No Fiscal Stimulus Here, Please.


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  7 February, 2008| Economy | Comments (0) @ 21:33
The State of the Arts: Cowen Was Right

(February 7, 2008 01:22 PM, by Bryan Caplan) I first read a draft of Tyler Cowen’s In Praise of Commercial Culture 15 years ago. Back then, I thought……
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  7 February, 2008| Economy | Comments (0) @ 21:22
Fedspeak Highlights: Fisher on Tequila and the Punchbowl

Richard Fisher, president of the Federal Reserve Bank of Dallas, explains at a speech today in Mexico City why he dissented in the Fed’s vote last month to cut its interest-rate target half a point to 3% even though he supported the earlier wave of easing. Mr. Fisher said he “had yet to see a mitigation in inflation and inflationary expectations from their current high levels” and that the previous actions would help mitigate downside growth risks. In his remarks, focused on central bank independence, he takes the students back to the Greeks (”Printing money, or debasing the currency, to pay off government debt is an old concept, noticed by the ancient Greeks and famously practiced by the Romans”) and then around to Zimbabwe’s November inflation rate: 26,470%.

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  7 February, 2008| Economy | Comments (0) @ 21:11
The 52-Week Low Club (NT)(GSK)(IAR)(IFX)

Idearc (NYSE: IAR) Big earnings miss mugs shares, Down to $11.21 from 52-week high of $38. Infineon Technologies (NYSE: IFX) German company posts weak numbers. Sells off to $7.89 from 52-week high of 18.74. R H Donnelley (NYSE: RHD) Printing operation has rough day. Falls to $21.10 from 52-week high of $84.49. Prudential (NYSE: PRU) Joins other financials in the basement. Drops to $69.05 from 52-week high of $103.27. Nortel Networks (NYSE: NT) Concerns about tech catch up to enterprise telecom equipment firm. Falls off to $10.95 from 52-week high of $31.79. GlaxoSmithKline (NYSE: GSK) Drug maker has headache. Sells…

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  7 February, 2008| Economy | Comments (0) @ 21:04
My Election Assessment

(February 7, 2008 12:43 PM, by Arnold Kling) I conclude, None of the leading contenders for President in 2008 has the humility factor going for them. You just……
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  7 February, 2008| Economy | Comments (0) @ 20:43
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