O’Shaughnessy sees big upside, S&P 500 at 900

From a story on Yahoo News. A rising savings rate and an improved housing market, while not completely healed, point to brighter times ahead in the U.S. economy, O’Shaughnessy told Reuters in an interview. “I do think that as all that coalesces, you see a good chance for the S&P 500 (at) 900 out of […]

Today’s top news

Here are the top 10 news stories today from Reuters Business News as of 4:55 PM ET.  Notice a pattern? Wall St pulled lower by banks, S&P below 700 – 14 minutes agoStocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount […]

Give me a break

The story is all over the news tonight.  Here’s the Washington Posts’ take.  A few choice quotes: “But he (McCain)declined to embrace the kind of government intervention for individuals and institutions favored by Clinton and Obama, arguing that “it is not the duty of government to bail out and reward those who act irresponsibly, whether […]

Jingle Mail

I’ve seen this a couple of times over the past few days, but here’s CNN’s version of a story about “homeowners” simply walking away from their homes.  I say “homeowners” because most of these people put little or no money down, they took out teaser rate ARM’s, interest only – or even negative amortization loans […]