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Markets

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Consumers Exceed Expectations, and CFAs - Vote NO

Mar 27, 2002 at 00:00

Once again the U.S. consumer amazed Wall Street by having more confidence in the economy than it expected. Consumer confidence jumped over 15 points in March to 110.2. This was…

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Cash Me Out

Mar 21, 2002 at 00:00

With interest rates starting to move up, the boost to the economy from refinancings should diminish. This could actually have a rather dramatic effect. In a research report published by…

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Poor Retail Sales?

Mar 14, 2002 at 00:00

Admittedly, I'm not an economist and this sales data is not seasonally adjusted or put through any other massages. But this flies in the face of the retail data calculated…

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All Hail the Consumer

Mar 07, 2002 at 00:00

The past week has been filled with all kinds of goods news. First, the preliminary GDP report indicated much stronger growth than expected. This was followed by the ISM manufacturing…

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Where Does the Money Go?

Feb 27, 2002 at 00:00

The latest Manpower survey indicates that hiring will start to pick up during the second quarter, although not at a significant enough level to signal the end of the recession.…

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Finding La Cucarachas

Feb 20, 2002 at 00:00

Bull markets have a way of obscuring irregular activities. Bending accounting conventions and related-party transactions are the most typical ways for managers to benefit from the lack of substantive analysis…

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Can't Cut All Expenses

Feb 13, 2002 at 00:00

Capital markets have gained a newfound interest in companies that have heavy debt loads. Unfortunately, this is a very large list and list is not for writing "Buy" tickets. Non-financial…

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Hope Springs Eternal

Feb 06, 2002 at 00:00

Fourth quarter earnings are mostly behind us and most investors are glad 2001 is over. 2001 will go down as the worst year for earnings since 1991. According to FirstCall,…

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The End of an Era

Jan 30, 2002 at 00:00

The booming economy and bull market fed on itself as the most aggressive individuals were promoted and caution and prudence were scoffed at. Whether it was an aggressive buyer that…

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What Happened to Synergies

Jan 23, 2002 at 00:00

Prudential is about the only Wall Street firm that has come out negative on the deal. Ironically, Prudential is the only major firm that does not have an investment banking…