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Anyone who was waiting for a “man bites dog” moment from Federal Reserve Chairman Ben Bernanke’s address at Jackson Hole can keep waiting. The Chairman’s message today was the same that is has been for some time: The Bernanke Put lives on, but the Fed will only break the glass in case of an emergency. […]
Barnhart Investment Advisory is quoted on the second page of this article by Stephen Mauzy, CFA. CFA Magazine Article Copyright 2011, CFA Institute. Reproduced and republished from CFA Magazine with permission from CFA Institute. All rights reserved. Click here to request a proposal from Barnhart Investment Advisory DISCLAIMER: Nothing in this article should be construed […]
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. […]
Two stockbrokers are in a bank, when, suddenly, armed robbers burst in, waving guns and yelling for everyone to freeze. While several of the robbers take the money from the tellers, others line the customers, including the two stock brokers, up against a wall, and proceed to take their wallets, watches, and other valuables. While […]