Archive for June 23rd, 2008

Nikkei flat, energy stocks offset fall in blue chips - Reuters UK
TOKYO, June 24 (Reuters) - Japan’s Nikkei stock average ended the morning almost flat on Tuesday, as falls in blue chips such as Fast Retailing Co (9983.T: Quote , Profile , Research ) on worries about the economic outlook were offset by gains among

Stocks end mostly lower as oil prices advance - Los Angeles Times
NEW YORK — Stocks struggled Monday, ending mostly lower after rising oil prices and ongoing worries about the financial sector gave investors tiny reason to buy a day ahead of a Federal Reserve meeting. Disappointment that Saudi Arabia isn’t

US STOCKS-Dow, S&P inch up with oil stocks; financials drag - Reuters
NEW YORK, June 23 (Reuters) - The Dow industrials and the S&P 500 edged up on Monday as higher oil prices lifted energy shares, but financial companies’ outlook kept investors cautious and overshadowed news of a $4.4 billion takeover in the

RPT-UPDATE 1-India ups wheat output forecast, might free stocks - Reuters India
NEW DELHI, June 23 (Reuters) - India’s 2008 wheat harvest is expected to marginally outpace earlier forecasts at a record 78 million tonnes, and stocks may be released into the open market from brimming grain bins to ease prices, the farm minister

Sector Wrap: Handset stocks mostly decline - MSN MoneyCentral
Motorola Inc ( MOT ) Stock Quote , Chart , News , Add to Watchlist NEW YORK (AP) - Handset stocks traded mostly lower Monday, with shares of Motorola Inc. falling to a new five-year low after an analyst lowered his rating and price target for the

Stocks end mostly lower as oil prices advance - AZCentral.com
NEW YORK - Stocks stalled Monday, ending mostly lower after rising oil prices and ongoing worries about the financial sector gave investors little reason to buy a day ahead of a Federal Reserve meeting. Disappointment that Saudi Arabia isn’t

Stocks are blended as oil jumps - CNN Money
NEW YORK (CNNMoney.com) — Stocks were mixed Monday afternoon as rising oil prices weighed on investors’ sentiment, but boosted energy stocks, limiting the downward pressure from slumping financial and automaker shares. The Dow Jones industrial

Strong resources, BCE boost Toronto stocks - Reuters Canada
TORONTO (Reuters) - The Toronto Stock Exchange’s main index kicked off the week by surging higher on Monday, buoyed by firm oil prices and a jump by BCE Inc after Canada’s top court backed the buyout of the telecom company. However, late in the day

Stocks Waver as Autos, Financials Curb Gains - CNBC
Stocks wavered as oil’s relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains. Anticipation of the Federal Reserve’s rate decision this week also kept traders on edge. The Monday morning quarterbacking on the

European stocks flat as oils, drugs offset banks - Reuters
PARIS, June 23 (Reuters) - European stocks ended flat on Monday, pausing after last week’s sharp losses as rising oil prices lent support to energy shares but banking stocks were hit by worries over the health of the sector. Pharmaceutical stocks

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Today’s home is a unique opportunity, the opportunity to own your own castle. Amsterdam Castle was built in 1875 by Issac Perry for the say of New York National Guard in Amsterdam, New York. It’s now a 36,000 square foot private residence listed on the National Register of Historic Places. There are 50 rooms, including a 10,000 sq ft ballroom, a rifle range, and a fallout shelter and billiard room. There are four turrets and three living wings and the castle also has a 10-car garage and onsite parking for 40. The castle has recently been used for movies and rented out for overnight stays as well as weddings (the ballroom rents for $990 for four hours). It is listed at $1.195 million.

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Minyanville’s Lance Lewis dares to share the kind of keen insight and actionable information you won’t find in any prospectus. Here he answers a reader’s burning question about gold miners stocks. For more original thought, visit www.minyanville.com or see some more thoughts on gold here.

Prof. Lewis,

Any thoughts on the theory being advanced by Jim Sinclair and James Puplava that naked shorts are responsible for beating down the junior gold stocks? Seems like the market is willing to give anyone more benefit of the doubt than Minefinders Corporation (NYSE: MFN) or similar new producers. Thanks in advance.

-Minyan Scott

MS,

Some people like to look for a conspiracy each time market prices don’t do what they “believe” they should. However, I don’t find that attitude very helpful or conducive to making money.

The juniors are cheap, and they “should” be acting superior than they have been given where gold is. I agree with that, as do most gold bulls. But is that because there’s a conspiracy of naked shorts that have decided to single out gold stocks in the one space (resources) that happens to be in a bull market equity-wise? That seems about as far-fetched as the theory that a conspiracy of “speculators” are to blame for the rise in oil and other commodity prices. (Again notice how the camp that believes oil’s rise is a conspiracy similarly don’t think it should be where it is and are forced to blame “conspiracy X” when oil doesn’t do what they think it should, namely: “go down”)

The gold shares (and the juniors in particular) have underperformed for a variety of reasons since last November. In my humble view, the most likely causes for this are (1) the illiquid conditions that existed in the stock market from November until March and (2) the sharp drop in the gold/oil ratio since March, which replaced illiquidity fears with fears of rising costs eating up gold mining margins.

The liquidity problem ended in March when the Fed began basically monetizing (depending on how you look at it) bad debt on the balance sheets of banks and primary dealers. However, the gold/oil ratio then began to collapse in March and provided a second headwind. That ratio “appears” to have bottomed a little over a week ago near the prior 2005 all-time low. If so, the shares (including the juniors) should be free to rally, assuming gold has another leg up to new highs like I anticipate. And it will have nothing to do with “running in naked shorts in juniors”, no matter how emotionally entertaining such an image might be.

-Prof. Lewis

Position in gold.

 

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Hewlett-Packard Co. (NYSE: HPQ) certainly has a major footprint in the small business space with such things as Personal computers, servers and, of course, printers.

But HP is expanding its offerings. For example, last year the company purchased Logoworks and is now putting out some useful eBooks.

One is called the 9 Steps to Outstanding Market Success.

No doubt, it is colorful with many useful checklists, tips, examples and worksheets. Some of the topics include: social media, branding, search engine marketing, online marketing and so on. Ultimately, it’s a good way to spark ideas to enhance your business.

Each month HP will release a new chapter (so far, it’s on chapter five). The last chapter will be on October 15.

All in all, its helpful information - and not too overwhelming. And you can check it out at the small biz section of HP.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar On the web Guide to Decoding Financial Statements. He also operates MergerBook.com.

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For all of you Baby Boomers who are also members of what’s called the “Sandwich Generation” (aging parents, kids still hanging around), there’s another blog for you over at the Lifestyles Channel: Genbetween.

While I focus on business issues here at Small Business Boomers, Elizabeth over there at GenBetween speaks about personal issues that affect those of us who have both parents and children who still need care.

Here are a couple of her recent posts you might enjoy:

The Hula Hoop turns 50.

Tips for Older Job Seekers

 Regular Alcohol Consumption May Cut Arthritis Risk in Half

and more…

I’m putting GenBetween on my Blogroll and I hope you stop by there occasionally.

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I’m sure you’re thinking that’s an oxymoron: “Great” and “Graduation Speech.”

Each year people who are famous or rich (or sometimes both) get up and speak to college and high school graduation speakers. Humanity.org has cataloged excellent graduation speeches from 1936 to the present year. This year’s speech was given by Barbara Kingsolver titled “Your Money or Your Life.”

If you don’t know Barbara Kingsolver (a Baby Boomer, of course), you should. She’s the author of numerous novels, including one of my top five favorites of all time: The Poisonwood Bible. Her most “famous” book is The Bean Trees.

Please take the time to read the whole speech. Like most speeches, “the world will tiny note nor long remember” what she stated. But, for now, it might change your thoughts a tiny. And that’s what great graduation speeches should do.

Memorial Day is for remembering. I remember the people in my family who served in the military, and those who didn’t serve but who were an influence in my life.

Video of Barbara Kingsolver’s commencement address on YouTube:

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India-origin CEOs-led small cos in Fortune list - Business Standard

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