Dow 10,980.37 !

Just cracked under Dow 11,000 — more later . . .

Category: Markets

S&P500 vs AAII Bullish Index

Category: Contrary Indicators, Markets, Psychology, Trading

Blind Denial About Running a Good Business

Category: Corporate Management, Credit, Derivatives, Federal Reserve, Technical Analysis

About Those Companies Brought Down by Rumors . . .

Category: Corporate Management, Credit, Derivatives, Psychology, Short Selling, Trading

Fannie & Freddie Heading for “Conservatorship”

Category: Credit, Real Estate, Taxes and Policy

Murdoch: ‘Very Bearish’ on Economy

Murdoch:

News Corp. Chief Executive Officer Rupert Murdoch said
he is "very bearish” on the economy as food and energy prices rise for
consumers.

Murdoch said he anticipates "another 12 months of hard slogging”
during a television interview from the Allen & Co. media conference
in Sun Valley, Idaho. He said the entertainment industry is "doing just
fine” so far.

"Every country in the world has serious food inflation and then of
course you’ve got the same thing with energy,” he said. "It’s really
squeezed.”

click for video:
Murdoch

Media stocks have been overly penalized, Murdoch said. News Corp., based in New York, had dropped 30 percent this year before today on investor concern about a slowdown in advertising and the company’s MySpace social-networking Web site. Time Warner Inc., the biggest U.S. media company, had lost 16 percent, and No. 2 Walt Disney Co. is down 8.5 percent.

Source:
News Corp. Chief Says He’s `Very Bearish’ on Economy
Greg Miles and Gillian Wee
Bloomberg, July 10 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0z1E6gYNErU

Category: Economy, Financial Press, Video

Uh-Oh! Bad Sign on Fannie & Freddie

Category: Contrary Indicators, Credit, Politics, Real Estate, Taxes and Policy

Goldie Stew

Category: Economy

Media Appearance: Countdown to the Closing Bell, with Liz Claman

Category: Media

Foreclosures Up 53% Since June 2007

Category: Credit, Real Estate