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A physicist, a chemist, and an economist are shipwrecked on a desert island with only a can of beans to eat and no way to open it. The physicist makes a suggestion: “I can calculate just the right angle, mass, and velocity of a projectile that will knock the top off the can.” “No!” the […]
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The S&P 500 finished the week at 1,362 up 0.43% for the week. The index had been higher on the week, but sold off about 1% on Friday, on the heels of a sell off across Europe including new lows on the Euro itself. Friday’s European stock markets saw declines in Italy of 4.3%, Germany […]
A young executive was leaving the office late one evening when he found the CEO standing in front of a shredder with a piece of paper in his hand. “Listen,” said the CEO, “this is a very sensitive and important document here, and my secretary has gone for the night. Can you make this thing […]
Anyone who considers themselves an accomplished skeptic, should be familiar with an often used quote attributed to German philosopher Arthur Schopenhauer: “All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” No doubt Meredith Whitney is quite familiar with the ridicule and scorn […]
The S&P 500 finished the week at 1,356 up 0.16% for the week. The Ten Year Treasury Yield closed at 1.49% down from 1.54% the previous week and just above the June 1st low of 1.45%. Next Week’s Potential Market Moving Events: Tuesday: Fed Chariman Bernanke testifies before the Senate Banking committee. […]
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