Archives: August 2008

IPOs Drop 75%

Posted by: Ben Steverman on August 29

There have been 74.9% fewer US IPOs this year than last year, according to numbers out today from Renaissance Capital. Last year, 273 IPOs raised $59.7 billion. But only 43...

Financial Stocks to Hit Bottom in October?

Posted by: Ben Steverman on August 29

By Emily Thornton Could the worst news for financial stocks be over by October? That's what veteran financial services analyst Guy Moszkowski at Merrill Lynch (MER) predicts. Below are excerpts...

Signs of an ETF Backlash

Posted by: Ben Steverman on August 26

At first, exchange-traded funds were a genuine innovation. Then, ETFs became a fad, the butt of Wall Street jokes as ETF after ETF sliced and diced the stock market in...

One Approach to Value Investing

Posted by: Ben Steverman on August 26

This idea, "The 8 Stock Portfolio," has some promise. The web site's author pointed out earlier this month that while major indexes are off about 20%, "many individual stocks have...

Morningstar tells remaining investors to dump Schwab YieldPlus

Posted by: Aaron Pressman on August 26

Charles Schwab's money management unit was hardly the only shop burned by putting dangerous subprime-backed investments in supposedly conservative short-term bond mutual funds. Fidelity, Evergreen and others also had losses...

Yes, Virginia, there is a Santa Claus, but Q4 EPS setting an all time high, let’s get real

Posted by: Howard Silverblatt on August 21

Financial earnings have been negative for three consecutive quarters, which ties IT's Q1-3,'01 earnings record, but their 44% stock decline from the October highs is still better than IT’s 18...

Oil and the dollar: which is the cart, which the horse?

Posted by: Aaron Pressman on August 18

It's the dog days of August and naturally an investor's mind starts to wander to those big, unanswerable questions like what's up with the U.S. dollar. In fact, the dollar...

Heelys: A Chance to Get Off the Fad Rollercoaster

Posted by: Ben Steverman on August 14

What happens to a fad stock when the fad fizzles? Maybe they just fade away. Or maybe they get acquired at an 85% discount. Skechers (SKX) is offering to buy...

Technical Analysis: Useless?

Posted by: Ben Steverman on August 13

This study is the latest suggesting that technical analysis provides little value to traders and investors. For those who don't know, technical analysts give advice on buying and selling by...

Progress but not yet perfection for auction rate holders

Posted by: Ben Steverman on August 12

By Aaron Pressman Massachusetts Secretary of State William Galvin and New York Attorney General Andrew Cuomo have certainly turned up the heat -- and fast -- on Wall Street firms...

Calling a Stock Market Bottom

Posted by: Ben Steverman on August 12

When people make predictions about this stock market, I don't know whether to congratulate them for their boldness or question their sanity. Still, Jeremy Siegel -- the famous Wharton School...

Credit Crisis 2009?

Posted by: Ben Steverman on August 11

What will the credit crisis look like on its second anniversary? BW colleague Will Andrews offers his tongue-in-cheek predictions: After another orgy of writedowns and a Niagara of red ink...

The Dollar on the Rebound?

Posted by: Ben Steverman on August 11

Marc Chandler of Brown Brothers Harriman, a currency strategist I respect, sounded very certain Friday that the dollar has hit bottom. I wrote May 5 an article titled "The Dollar:...

Advice on How to Prepare for the Worst

Posted by: Ben Steverman on August 04

Economic downturns make people feel vulnerable. Tough times remind us how precarious our financial security can be. You think of the horrible possibilities: You could lose your job. You could...

Plenty More Gloom and Doom Ahead

Posted by: Ben Steverman on August 04

Wall Street keeps wishing that problems in the economy and financial system would at least stabilize. Stocks rally every so often on hopes that an end is in sight and...

It's Official: Vanguard Passes the Baton To McNabb

Posted by: Lauren Young on August 01

It's official: Vanguard has named William McNabb as its next leader. Today Vanguard's board of directors elected McNabb as CEO. He will handle day-to-day operations at the mutual fund giant,...

About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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