Chaos! Capitalism Collapses! Read All About It! Extra! Extra! Written By: Eben Esterhuizen 2007-11-14 18:29:00
On Friday afternoon, May 17, 2002, a butcher named Edwin Lopez was alone in his downtown Los Angeles butchery. He was about to close shop for the weekend when he accidentally locked himself in a walk in freezer. He spent hours yelling and banging on the door, but to no avail. There was no way to open the freezer from the inside, and he quickly realized that he would freeze to death. He had a clipboard, some paper and a pen, and started writing messages to his loved ones as he surrendered to his fate. His letters ended with a final passage: “I can’t write anymore, my fingers are frozen stiff. Tell my darling wife I love her.”
Don't be Fooled by Recent Rally Written By: David Neubert 2007-11-14 10:50:51 The last two days have all the markings of a bear market short-covering rally. The sectors that have the most negativity have rallied the most: Retail and Financials. If this were a real transition from a negative selling market to a rally, the sectors that have been leading would continue to lead: Technology and Materials.
So what is happening? People who short stocks are much more skittish than those who go long; they are also more disciplined traders. That means that when a trade starts going against them they get out in a hurry (remember, good traders know that the odds are stacked in their favor and survivors win. I always told my traders, "Survivors win so get out if you don't know why a trade is going against you. Don't be right, be a survivor.") That is why bear markets are full of break neck rallies in lagging sectors. That is exaclty what has been happening the last two days.
The Green MBA embodies much of what we are about here at The Panelist: Green and Greedy. Though I should say GREEDY and GREEN since we are about making money, saving for retirment, our children's college, a nice house with solar panels etc. Anyway, I thought this story at Reuters on The Presidio Green MBA program and the idea of working at WalMart was worth reading.
I'm holding my WalMart stock as it is good value. But, as I don't see big upside, I continue to have my entire position overwritten with $47.50 strike calls.
If He Can Like Wal-Mart, Can You? Written By: Casson Rosenblatt 2007-08-20 15:49:36 For those of us interested in sustainable community development, Wal-Mart (WMT) is a hard company to like, let alone love. Even with its move toward more energy-efficient stores and selling more environmentally-friendly and organic products, it is a reflex for many of us to be Wal-Mart haters. But given the enormity of the company, is dismissing Wal-Mart offhand worse than engaging with it seriously?
