Alex Berenson Quotes
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Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.
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The Fed's ability to raise and lower short-term interest rates is its primary control over the economy.
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It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
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Investors have been too willing to buy stocks with strong reported earnings, even if they do not understand how the earnings are produced.
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Plumbing is usually boring.
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Would-be drug companies must either produce medicines that stand up to federal scrutiny, demonstrate that their data has value to other companies, or go out of business.
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Some big banks remain wary of venture capital.
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Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.
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In general, investors prefer companies to reward executives for producing recurring income, not one-time gains.
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Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.
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In market valuation, Yahoo is worth about as much Walt Disney and the News Corporation combined.
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Sochi started with the same problem as every Winter Olympics. Forget the crass commercialism, the fake amateurism, NBC's refusal to televise important events live to all its viewers. As an event, the Winter Games fail on the most basic level. They're lousy to watch.
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When all the plants in a region are running at full steam, there is simply no way to get more power.
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On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.
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Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.
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Predicting the market is always tough.
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Iraq is short on capital, short on electricity, and short on management expertise, but it does not lack economic enthusiasm.
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For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public.
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Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.
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Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
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Most of America never noticed, but the 1990s were good times for trailer homes, a.k.a. manufactured housing. From 1991 to 1998, annual sales of manufactured homes more than doubled, to 374,000 from 174,000.
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Bigger spreads mean bigger gaps between what buyers pay and sellers receive. For example, a spread of 10 cents a share means that the buyer pays $100 more for 1,000 shares than the seller receives.
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Studies show that Avastin can prolong the lives of patients with late-stage breast and lung cancer by several months when the drug is combined with existing therapies.
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The notion that employees and companies have a social contract with each other that goes beyond a paycheck has largely vanished in United States business.