Friday, May 30, 2008

Lee Klaskow described his "holy trinity" of rail freight. Which company was closest to his model?

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The Call
On May 21, Lee Klaskow described his "holy trinity" of rail freight. Which company was closest to his model? Answer: Burlington Northern













Thursday, May 29, 2008

Ashley Harkleroad

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Street Signs
How did Sports Biz blogger Darren Rovell feel upon learning tennis star Ashley Harkleroad posed for Playboy? Answer: sorrowful

Playboy Posing: End Or Beginning Of A Marketing Career?


"Housing Issues Scarier Than High Oil Prices"

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CNBC Million Dollar Portfolio Challenge
CNBC Bonus Bucks Answers

Squawk on the Street
In "Housing Issues Scarier Than High Oil Prices" Wilbur Ross said how many U.S. public firms are run badly? Answer: 1%

"Housing Issues Scarier Than High Oil Prices"

Wednesday, May 28, 2008

Heard on The Street: Quantitative Questions from Wall Street Job Interviews

Don't laugh. Dr. Crack already sold 30,000 copies of this book. You might want to take a look or send this post to your buddies via email.

Good way to get an edge if you need it.
I used to wonder why interviewers at top firms supplied me with their interview questions to put in a book to sell to their job candidates.
Now I understand that they do not mind if the questions are public knowledge because job candidates
who make a serious investment of time in revising the questions deserve to be hired!
The latest edition also includes about 125 non-quant actual interview questions plus
a section on interview technique
As of January 2008, roughly 30,000 copies have been sold with about 10,000 going to people at investment banks, trading firms, and money management firms.

blog it

Ex-Press Aide Writes That Bush Misled U.S. on Iraq

Follow the link the clip for the complete article.
Former White House press secretary Scott McClellan writes in a new memoir that the Iraq war was sold to the American people with a sophisticated "political propaganda campaign" led by President Bush and aimed at "manipulating sources of public opinion" and "downplaying the major reason for going to war."
 blog it

In the last paragraph of "Stocks Don’t Like Obama" Larry Kudlow concludes that:

EF Hutton: In the last paragraph of "Stocks Don’t Like Obama" Larry Kudlow concludes that:

Tuesday, May 27, 2008

$135: The Biggest Loser

Follow the clip link for the complete story.
clipped from www.cnbc.com

As oil surpasses $135 for the first time you know who benefits – but who's the biggest loser?

As far as Jon Najarian is concerned, the U.S. casino business is in the biggest trouble. The economic downturn is already hurting casinos and high oil as it relates to the airlines is going to be crippling for the industry as people rethink their summer vacations to Vegas, he said.

Quote  |  Chart  |  News  |  Profile
PetroChina Co Ltd
PTR

134.68 
-3.70 
-2.67
NYSE
 blog it

Thursday, May 22, 2008

“Rail moves everything,” said Neuberger Berman’s Gary Kaminsky. Which railroad stock moves him?

The Call

“Rail moves everything,” said Neuberger Berman’s Gary Kaminsky. Which railroad stock moves him? Answer: Kansas City Southern

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Rail Stocks: Ride Oil Prices & Coal Fever














Web Exclusive: Which stock did Will Muggia recommend specifically for CNBC.com readers?

Squawk Box

Web Exclusive: Which stock did Will Muggia recommend specifically for CNBC.com readers? Answer: Chesapeake Energy

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Web Exclusive: Which stock did Will Muggia recommend specifically for CNBC.com readers?








Wednesday, May 21, 2008

Lost and found: Errant parrot tells stranger his name and address

Occasionally you find something funny on the OnDeadline blog. Funny?
clipped from blogs.usatoday.com

Two weeks ago, an African grey parrot flew his Tokyo-area coop and was rescued by police, The Associated Press reports. But he was no stool pigeon.

"I tried to be friendly and talked to him, but he completely ignored me," policeman Shinjiro Uemura said.

After a silent night in the pokey, he was taken to a local veterinary hospital. A few days later, he struck up a conversation.

"I'm Mr. Yosuke Nakamura," the bird said, including his complete home address. He also sang for the staff.

Police investigated his alias.

"We checked the address, and what do you know — a Nakamura family really lived there. So we told them we've found Yosuke," Uemura said.

The Nakamura family told police they had been teaching Yosuke his name and address for about two years.

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What “Web Extra” Internet stock did Darren Chervitz recommend exclusively for CNBC Stock Blog readers?

What “Web Extra” Internet stock did Darren Chervitz recommend exclusively for CNBC Stock Blog readers?

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CNBC Million Dollar Portfolio Bonus Bucks Answers

Squawk Box
According to Boone Pickens, how much is the U.S. sending overseas for oil?
Answer: 4x the Iraq War’s cost

Squawk on the Street
On Tuesday, Jim Cramer said it was “time to ring the register” and sell. But what railroad stock was he BULLISH on? Answer: CSX

The Call
Short seller Doug Kass mentioned Warren Buffett and a famous tyrant in a CNBC interview. Which tyrant?
Answer: Napoleon Bonaparte

Power Lunch
Which “gloom & doom” figure told CNBC Monday “I think the economy really stinks”? Answer: Marc Faber


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Tuesday, May 20, 2008

“States with the Highest Foreclosure Rates” slideshow: How many Nevada households got notices as of April?

Closing Bell
States with the Highest Foreclosure Rates” slideshow: How many Nevada households got notices as of April?
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 blog it

In "Short Stories," what did Fast Money trader Pete Najarian call "the most confident plays"?

Street Signs

In "Short Stories," what did Fast Money trader Pete Najarian call "the most confident plays"? Answer: Coal and NatGas


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 blog it

Berkshire Hathaway Portfolio Tracker

EF Hutton: Berkshire Hathaway Portfolio Tracker

Berkshire Hathaway Portfolio Tracker: What was BRK's top holding by dollar value (as of March 31)?

The Call--Question #3

Berkshire Hathaway Portfolio Tracker: What was BRK's top holding by dollar value (as of March 31)? Answer: KO

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EF Hutton: Berkshire Hathaway Portfolio Tracker: What was BRK's top holding by dollar value (as of March 31)?

Berkshire Hathaway Portfolio Tracker








Monday, May 19, 2008

Final CNBC Daily Bonus Bucks Trivia Questions and Answers for May 19

Squawk Box Question #1
In the story "Hogan's Heroes," Jeffries' Art Hogan recommended which biotech stock?
Answer: Charles River

Squawk on the Street Question #2
In "Future Trade: Web 5.0" what Un-"sexy" stock did Jeff Macke recommend?Answer: Intel

The Call Question # 3
On May 16, CNBC.com's "Two Way Street" blog got its name from a presumably loyal reader. Who?Answer: John Ware

Power Lunch Question #4
In the CNBC Stock Blog, "A Big Buy On Brazil," what was Tom Del Zoppo's advice?
Answer:
Buy Petrobras

Street Signs Question #5
In "Thunder To Battle iPhone?!" Jim Goldman quotes which tech news & review site?
Answer: The Boy Genius

Closing Bell Question #6
On May 16, Jim Cramer said he’d only recommend ONE Indian stock. Name it.
Answer:
Sterlite Industries

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Web 5.0" what Un-"sexy" stock did Jeff Macke recommend?

Squawk on the Street Question #2

In "Future Trade: Web 5.0" what Un-"sexy" stock did Jeff Macke recommend?Answer: Intel

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In the story "Hogan's Heroes," Jeffries' Art Hogan recommended which biotech stock?

CNBC Million Dollar Portfolio Challenge
Bonus Bucks Answers

Squawk Box Question #1

In the story "Hogan's Heroes," Jeffries' Art Hogan recommended which biotech stock?
Answer: Charles River

Get all the Answers at E F Hutton

Monday, May 12, 2008

Lowest NYSE Volume of the Year

The Big Picture is an excellent financial blog. The information is interesting, often thought provoking, and definitely helps with the Big Picture. Sometimes it really wakes you up.

Peter Boockvar notes:

Today's consolidated volume for NYSE
names was a low for the year to date.

Helene Meisler notes:

It's a bear market -- and these low volume rallies are typical of short covering. (unless you believe all those dark pools are swallowing all the volume!).

As long as there are shorts in the market we will get rallies;  Once the shorts cover we get a decline like last week.

Doug Kass goes even further:

I am starting to scale into shorts now. 
My favorite? PowerShares QQQ (QQQQ). 
My catalysts? The VIX and volume.


That's our surprising data point of the day.

EF Hutton: Final CNBC Million Dollar Portfolio Challenge Bonus Bucks Answers for Monday May 12

EF Hutton: Final CNBC Million Dollar Portfolio Challenge Bonus Bucks Answers for Monday May 12

CNBC Portfolio Challenge Bonus Bucks Answers
CNBC Million Dollar Portfolio Challenge Bonus Bucks Answers


1. Squawk on the Street

In his Trader Talk blog, Bob Pisani had one April entry entitled Hot Fertilizer. Name one of the stocks he discussed.

Answer: CF Industries

2. The Call

On Monday, April 28, James Altucher of Formula Capital recommended which food-inflation trade to CNBC viewers?

Answer: Sadia

3. Power Lunch

On April 25, Tech Check’s Jim Goldman blogged on Microsoft’s Yahoo bid. How did he describe Microsoft CEO Steve Ballmer’s rule?

Answer: Iron-fisted

4. Street Signs

Mark Travis said he likes “redneck stocks.” On April 24, The CIO of Intrepid Capital Funds recommended

Answer: Comcast

5. Closing Bell


Question: Jim Cramer has a cameo in Iron Man, judging the mythical Stark Industries. What is Stark’s make-believe ticker symbol?

Answer: SIA


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Get the Answers



CNBC Portfolio Challenge Bonus Bucks Answers for Monday, May 12, 2008 and CNBC Million Dollar Portfolio Challenge

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Wednesday, May 07, 2008

Soros: Bear Market Rally

Stocks are currently in a “a bear market rally,” and will probably retest their lows of earlier this year, George Soros says.
clipped from blogs.wsj.com
[George Soros]
“I think we’ll retest the lows, depending on what measures the authorities take,” Mr. Soros said in an interview with The Wall Street Journal Wednesday. He made similar comments later that day in a discussion at the Council on Foreign Relations in Washington. “We may go beyond” those lows, he said.

But he also said the worst has now passed for the credit markets and spreads between yields and risky bonds and Treasurys will not return to their highs of a month ago. “The acute phase of the credit crisis, or financial crisis, is abating,” said Mr. Soros. Mr. Soros, chairman of Soros Fund Management which advises the Quantum funds, is one of the world’s most famous and successful hedge fund investors. “The markets are breathing a sigh of relief but the fallout in the real economy is only now beginning.”

In his latest book, “The New Paradigm for Financial Markets,” Mr. Soros argues that the current credit crisis conforms to his longstanding view that markets drive fundamentals, instead of the other way around, producing bubbles and crashes– a dynamic he has dubbed “reflexivity.”

The book argues the subprime crisis has triggered the bursting of a “super-bubble” that has been building for 25 years. Prior crises, from the 1987 stock market crash to the emerging markets crisis of 1997 were merely “testing events,” he writes. Because the authorities successfully averted catastrophe in those events, they encouraged consumers and investors to believe markets were fundamentally self-stabilizing and built up even more leverage, he wrote.

Mr. Soros’ latest book is his third to predict disaster; prior books did so in 1987 and 1998. In the interview Mr. Soros acknowledged he sounds like the “boy who cried wolf,” but noted, “The third time, the wolf really came.”

Mr. Soros said how the U.S. comes out of the current period is highly uncertain because it depends a great deal on how investors and policy makers respond to the depth of the threat. He called it “inconceivable” that the U.S. would avoid a recession that lasts at least into next year. He noted house price declines are accelerating, and said nothing policy makers can do can slow that down much.

It’s quite possible the U.S. could “muddle through” after next year, he said, with 1% to 2% growth for the decade and rising unemployment. But “there are many ways for it to work out.”

Mr. Soros withdrew from active investing in 2001 with the departure of his partner, Stanley Druckenmiller and his hedge funds were converted to an endowment fund run by outside managers, mostly tasked with managing the assets of his philanthropic foundations. But he returned in August, 2007 by establishing a macro account of his own.

He said that while he has been mostly bearish on U.S. stocks and Treasuries, he moved to a neutral position earlier this year when he sensed a bear market rally might be in the offing. He returned to a short position on both, but too soon, he said. He has also been long stocks in China and India, but has been hurt by the dramatic selloffs in both this year. “We are not making money this year. We are slightly in negative territory.”

On the dollar, “we are moving towards neutral. We have greatly reduced our short position. It’s not clear which way it’s going.” He said its depreciation to date is in effect exporting the U.S. slowdown to other countries.

In his remarks to the Council on Foreign Relations, Mr. Soros said, “I personally think we have the acute phase of the financial crisis largely behind us. The authorities have as their mission to stop the system from falling apart and providing liquidity at all costs. They’ve done it and have passed several thresholds. That is a source of reassurance that the system is not going to fall apart. But the damage that has been done to the financial system has to affect the real economy, and that is only starting to be felt.”

A repeat of Japan’s 1990s experience is “the pessimistic extreme” he told the audience. Japan had “a real estate bubble and a financial system loaded down with bad debt. The big difference between Japan and us is here, the losses are being recognized, written off. Some of the writeoffs may turn out to be excessive.” –Greg Ip





Saturday, May 03, 2008

Report to The Secretary of the Treasury from The Treasury Borrowing Advisory Committee

clipped from www.treas.gov

The Federal government's budget balance is deteriorating in fiscal year 2008.  Weaker economic activity has dampened the pace of revenue collection and lifted growth in economically sensitive spending.  A recent survey of primary dealers estimates that the deficit for the 2008 fiscal year ending in September will exceed $400 billion with some economists expecting a deficit of more than $500 billion--a significant deterioration from fiscal 2007's deficit of $163 billion.  Economic stimulus measures will complement the forces widening the budget deficit.  This year's shortfall may surpass fiscal year 2004 as the largest on record in nominal dollars. 

Furthermore, additional members again reiterated their concern that this latest "cyclical" deterioration in the fiscal outlook is particularly troublesome as the longer-term "secular" forces of entitlement spending and the aging of the baby boom generation and their effect on the budget deficit are no longer that distant in the future.