“If you want to see capitalism in action, go to Hong Kong.” ~ Milton FriedmanHong Kong has come a long way. As a British colony, it was described as a “barren rock” by former British foreign secretary and prime minister Lord Palmerston. Today, the Hong Kong Stock Exchange is the fourth-largest in the world. It will likely soon be the […]
NEW YORK (AP) — U.S. stocks rose modestly in early trading Wednesday, recovering some of the steep losses the market had the day before.KEEPING SCORE: The Dow Jones industrial average rose 49 points, or 0.3 percent, to 18,092 as of 9:45 a.m. Eastern. The Standard & Poor’s 500 index rose seven points, or 0.3 percent, to 2,111 and the Nasdaq […]
by Lars Kroijer, The CFA InstituteThe world equity portfolio is the most diversified equity portfolio available — or as I described it in my last post, “the cheapest, broadest, most tax-efficient index tracker of aggregate world equity markets” an investor can find.In order to get a sense of the overall benefits of diversification in a given domestic market, consider the following chart:Printer-friendly […]
“We’re not gonna make it, are we ? People, I mean.”
“It is in your nature to destroy yourselves.”
“Yeah. Major drag, huh ?”
– From James Cameron’s ‘Terminator 2: Judgment Day’.
Here is a thought experiment. It is January 2000. The last wild Pyrenean ibex has been found dead, squashed by a tree. America Online has just announced an agreement to buy Time […]
Rendering of the Carnitas’ Snack Shack café that will be built at the Downtown waterfront. Construction is expected to take about six months. Lip-Smacking Carnitas’ Snack ShackFare Coming to the Downtown WaterfrontFor the last few years, North Park residents and others have been smacking their lips over the food offered at Carnitas’ Snack Shack, a modest walk-up restaurant on University Avenue that […]
Who’s Killing the Stock Market?Stock-Markets / Stock Markets 2015May 21, 2015 – 06:41 AM GMTBy: Money_MorningShah Gilani writes: Liquidity, the grease that allows the world’s capital markets to function, has been murdered.It bled to death in the stock market from a thousand nicks and cuts and was suffocated violently in the bond market by the gloved hands of its erstwhile […]
“We’re in a binary situation where either the U.S. has slowed unexpectedly, where it is more than the weather, or we’re going to see a number that says, ‘We’re all back in business and we’re fine,’” said Paul Richards, UBS’ head of foreign exchange distribution, Americas. Richards expects the former.”The data we’ve seen (Friday) has affirmed my view. Next week, […]
A copyright lawsuit has finally stopped the crazy stock market streak of Beijing Baofeng Technology – Quartz
For whom the bell tolls.(Reuters/Stringer)
SHAREWritten bySteve MollmanObsessionChina’s TransitionMay 15, 2015It had to end eventually. News of a copyright dispute has broken the breathtaking post-IPO rise (paywall) in the share price of Beijing Baofeng Technology, which offers online videos, a media player, and a low-price […]
The local stock market promptly plunged 20 percent over the following few weeks, kicking off a phenomenon called the “Adam Cheng effect” or “Ting Hai effect.”In the two decades since, nearly every time the 68-year-old Cheng has appeared in a movie or television show—which has been more than 30 times—the Hang Seng declined.Most recently in 2013, the index fell nearly […]
On Wednesday, Athersys, Inc. (NASDAQ:ATHX)’s shares declined -11.74% to $2.63.Athersys, Inc. (ATHX) will release its first quarter 2015 financial results at about 4:00 PM EDT on Monday, May 11, 2015, and host a conference call shortly thereafter at 4:30 PM EDT to review the results. Gil Van Bokkelen, Chairman and Chief Executive Officer, and William (B.J.) Lehmann, President and Chief […]
