Yahoo reported net income in the fourth quarter of $153 million, or 11 cents a share, in the quarter. It reported a loss of $303 million in the same quarter last year. If not for charges tied to a proposed search partnership with Microsoft, Yahoo said it would have made 15 cents per share in the quarter. That topped the average estimate of 11 cents...

This is part two of my January 18 interview with Roberto Hernandez, Dick Diamond’s trading course assistant. (Who is Dick Diamond?) You can read part one of the interview here. (NOTE: As you may already know, on March 7-10 Dick Diamond is teaching his intensive trading course. The course does not focus on Elliott wave analysis. Diamond teaches...

Joe Weisenthal of Money Game Robert Prechter appeared on CNBC this afternoon and – gasp – he called for a market crash and a big rally in cash. He’s always interesting (and in particular we liked his comment about looking for buying opportunities in a few years from now), but we really doubt this interview tanked the market, as some...

Scott Redler of T3Live The potent down day following Goldman Sachs’ (GS) earnings report was a serious day to take note of. It was an opportunity to either sell GS longs, or to even get short, especially when you combine the earnings reaction with the President’s statement on the banks. The stock broke its neckline and 200-day moving average...

But Then What Diana Olick had two important posts this week (here and here) that didn’t get nearly the attention they deserve. Both exposed fraudulent schemes to hide payments to second lien holders in short sales. Essentially, Olick exposed what would appear to be a growing practice of not disclosing payments to second lien holders on the HUD Settlement...

Is QQQQ a Buy Sell or Hold

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The Market Ticker From the wire: WASHINGTON -(Dow Jones)- The special inspector general for the government’s $ 700 billion Wall Street rescue plan is opening a pair of probes into the government’s rescue of American International Group Inc. (AIG), including efforts to slow public disclosure of all of the terms of the deal. …. Additionally,...

Is AMZN a Buy Sell or Hold

CalculatedRisk S&P/Case-Shiller released their monthly Home Price Indices for November this morning. This monthly data includes prices for 20 individual cities, and two composite indices (10 cities and 20 cities). This is the Seasonally Adjusted data – some sites report the NSA data. Click on graph for larger image in new window. The first...

Courtesy of The Pragmatic Capitalist Famed short seller, Jim Chanos, has been vocal in recent weeks about his concerns in China.  He is growing increasingly concerned about the real estate bubble in China where an “unprecedented” and “staggering” bubble is being blown by the government.  Chanos says 30 billion square feet of commercial real...

Vincent Fernando of Money Game Governments need to tighten their monetary policies more according to Jim Rogers. Such tightening will result in stocks being crushed nevertheless. Bloomberg: “We’re overdue for a correction” said Rogers, chairman of Rogers Holdings, said in an interview in Hong Kong. “Stock markets around the world have been...

The Mess That Greenspan Made The title above should not be interpreted as an indication that this will become a regular feature around here, but the headline of this item that appeared over at Rich Toscano’s Piggington website was too good not to mention here in some way. Improvement in Rate of Job Loss Stalls Out Recent months have seen a fairly...

AC Investor ( click to enlarge ) RMBS is probably the best stock to own right now. The stock was one of the few stocks that closed positive on Friday as it ended the day up $.72. The stock gained 3 percent finishing the day at $24.74 after the U.S. International Trader Commission Judge Theodore Essex ruled that Nvidia is violating three patents owned...

Is FAS a Buy Sell or Hold