Kids, we have some fascinating reading in store for you this weekend. The "conservative" Swiss banking giant UBS -- and I put that in quotes for obvious reasons -- wrote down a previously unimaginable $37 Billion dollars. Their shareholders were (ahem/cough) quite perturbed. So the nice fo...

Today's chart porn is off of the most interesting article I read in today's NYTimes: In Europe, Central Banking Is Different. Note that Central Banks in Europe left  rates unchanged today. The full article describes how the ECB focuses on reducing inflation. However, there is a laundry list of&...

There are lots of things that investors believe which I find perplexing. The Superbowl indicator is one, but the oddest to me is the so-called Fed Model, also known as the IBES Valuation Model. It is not that the Fed model is so terribly wrong -- it has been both right and wrong over the years. Rath...