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The Great Bond Swap is underway for holders of Greek debt. In this exercise, Greek bondholders “volunteer” to let Greece default on the bonds they own now in exchange for fewer new bonds structured with lower interest rates and longer … Continue reading
A stock’s price/earnings ratio describes how much an investor pays for that company’s earnings. The math is simple: it’s the price of the stock divided by recent earnings per share. If the stock price is $20 and the earnings are … Continue reading
In the last two days, two headline investors have opined on the stock market, and their bias is positive. Larry Fink, who runs BlackRock, one of the largest investment companies in the world, is on Bloomberg news indicating that investors … Continue reading
As I was reading The Girl with the Dragon Tattoo, a Kuwaiti billionaire was turning livid. Bassam Alghanim discovered that brother Kutayba had paid to have his computer hacked and all the details of his private life – emails, financial … Continue reading
“… So goes the year” is one of those old “Wall Street wisdom” sound bites. The theory is that when January culminates in good stock market performance, so will the entire year. In fact, about 86% of the time since … Continue reading