Truth in Wealth Building

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Merger Monday

What is new is old again. Haggen will sell to Albertson’s 29 “core stores,” including the two in Bend. Haggen bought the stores from Albertsons just a year ago before going bankrupt in September. Haggen will seek approval to begin a going out of business sale for the 3 stores not included in the sale….

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A fourth consecutive week?

Sears’ second-largest shareholder has sold off more than 700,000 shares this month. The SEC says, Bruce Berkowitz’s Fairholme Capital has sold 706,600 Sears shares reducing its ownership to 27.3 million shares. Sears stock has fallen 16% so far this year, and is down 53% over the past 12 months. (CNBC) As they try to figure…

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The world of negative interest-rate’s

Welcome to a world of negative interest rates. The European Central Bank moved its bank deposit rate to minus 0.4% today. It also extended its monthly asset purchases to 80 billion euros or $87 billion. A 10-year German Treasury is currently at .182%, a 10-year Japanese Treasury is at minus .029% and the 10-year US…

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Happy 7th Birthday Bull !!!

We are now 7 years from the Bear Market low of 3/09/09 when the S&P 500 hit a closing low of 677. The 2-years following the low the S&P 500 gained +101.7% on a total return basis. Since then the S&P 500 has gained an additional 70.0%. Remember it is time in the market –…

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Commodities continue upswing

Dick’s Sporting Goods reported fourth-quarter results that missed expectations. Fourth-quarter profits were a $1.13 per share on sales of $2.24 billion. Same store sales were down 2.5%. Shares of Dick’s Sporting Goods are off more than 6% on the report. (CNBC) Lattice Semiconductor chief financial officer Joe Bedewi is leaving the company in May after…

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Three straight weeks of Gains

Markets will open today at their highest levels in nearly two months, while turning in a third straight week of gains. (CNBC) Iron ore jumped the most ever after Chinese policy makers signaled their desire to spur economic growth. Ore jumped 19% to $63.74 a dry metric ton. (Bloomberg) We should brace themselves for higher…

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