Belittled in the bull market, the software giant’s cash hoard could help its stock during tough days ahead
12/19/2008
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
read more »
December 23rd, 2008 at 3:29 pm
This blog used to have analysis. Now it’s just a link farm and a forum for bitching about free-markets and deregulation. Oh, and a welcome forum for those who think raining money from the sky can solve our financial problems (no offense roubini/other neo-keynesian econostrologists)
December 23rd, 2008 at 7:32 pm
vic liked this site before it was trendy
December 24th, 2008 at 1:21 am
vic is a welfare queen who doesn’t want to pay for good analysis.
December 24th, 2008 at 2:57 am
I would like to somehow morph the Yogi Berra-ism “no one goes there anymore — it’s too crowded” in a way that vic might use to describe this site. But, my mighty morphin powers are weak…
To some extent, I can see vic’s point. But, I’m not sure it’s a problem. Or, even if it is, I’m not sure what to suggest.
…
(I’m just full of answers tonite.)