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Forget the line about “lies, damn lies and statistics.” News headlines take the cake for the greatest potential to mislead. Look no further than the latest unemployment data.Last week, the...
It’s Friday in the Wall Street Daily Nation!For the newbies in the group, once a week I embrace the adage that a picture is worth a thousand words. And I select a handful of graphics to convey...
A quick Google (GOOG) news search for Fiscal Cliff turns up a staggering 82.4 million results. Meanwhile, a similar search for “presidential election” nets only 2.3 million results. So I...
Longtime readers know our schedule…Fridays I break out the charts. Mondays I expose Wall Street’s biggest myths.Well, today, I’m combining both practices in an effort to debunk a...
Words mean little on Fridays in the Wall Street Daily Nation. Instead, we let pretty pictures do the talking for us.Each week, I select a handful of graphics to put important economic and investing...
“Are you crying? Are you crying? ARE YOU CRYING? There’s no crying! THERE’S NO CRYING IN BASEBALL!” – Jimmy Dugan (Tom Hanks) in “A League of Their Own” And...
The presidential election is over. Or maybe it’s not. I’m writing this on Tuesday as Americans cast their votes. And if the final polls are any indication, this election’s going to...
Lies and rumors spread quickly.They get halfway around the world before the truth has a chance to get its pants on, said Winston Churchill.Sometimes, though, the truth doesn’t even get out of...
Scary! And I’m not referring to some of the costumes I saw on Halloween night. What I am talking about is the price performance for stocks in the month of October.S&P 500 down 2.2%Dow down...
The U.S. economy’s careening toward a fiscal cliff. Europe’s stuck in a financial abyss. Even China’s economy, a bastion of strength for the last decade, is throttling down. Given...
Newsflash: Since March 2009, we’ve been in a bull market.Before you utter a sarcastic, “Thanks, Captain Obvious!”, take note:According to a recent survey by Franklin Templeton,...
As we mentioned yesterday, third-quarter earnings reporting season hasn’t gotten off to the best start.While the earnings “beat rate” (the percentage of companies that are topping...
In its September Oil Market Report, the International Energy Agency (IEA) undermined every conceivable price forecasting model on the planet, saying… “The best forecast of crude oil spot...
Google (GOOG) shares took a massive hit Thursday after the company accidentally released third-quarter earnings during the trading day. The stock nosedived 9% in just eight minutes after the company...
Pretty picture time. On Fridays in the Wall Street Daily Nation, we ditch our regular routine of commentary-based articles. Instead, we use graphics to present a handful of important investment and...
For a brief period in my life, I moonlighted as a beer-man at Milwaukee’s Miller Park. Not for the money. And certainly not to watch the Brewers play. (They stunk back in 2001.) But for the...
On Monday, I debunked the age-old practice of treating aluminum giant, Alcoa’s (NYSE: AA), earnings as a leading indicator for the rest of corporate America. It’s just not reliable. A...