The Most Common and Costly Investment Mistake

This is where Guyon’s studies yield a few interesting results. He looked at five leading stocks these accounts traded: United States Steel, Crucible Steel, Baldwin Locomotive, Studebaker Corp. and Westinghouse Electric.

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The Rust Belt Came Back Strong in 2011; Midwest Manufacturing Is At the Forefront of the Recovery

The Chicago Federal Reserve reported today that its Midwest Manufacturing Index (CFMMI) increased 1.7% in December, to a seasonally adjusted level of 87.4 (2007 = 100).

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More On “Just Don’t Lose It”

First is that there are a couple of things I would do differently. The way the numbers work out, US Trust is suggesting a little over 1/3 of the equity allocation go into foreign.

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Housing stock rally ‘premature’

A stabilization in U.S. housing starts, coupled with growing confidence in the economy and speculation that the Fed will pursue a new round of quantitative easing focused on mortgage-backed securities, has helped drive shares of some housing-related stocks up 50% or more from their October lows.

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Why CNBC May Have Jinxed Higher Stock Prices

The “golden cross” has only happened 26 times in the past five decades. But the talking heads on CNBC must have mentioned it 100 times yesterday morning.

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Making Money On Poverty: JP Morgan Makes Bigger Profits When The Number Of Americans On Food Stamps Goes Up

How would you feel if someone told you that one of the largest banks on Wall Street makes more money whenever the number of Americans on food stamps goes up?  Unfortunately, this is something that is actually true.

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The Hidden Winners Behind Apple’s Jaw-Dropping Numbers

Apple blew everyone away last week… again. Last Tuesday, Apple reported results for the quarter ending in December. In just three months, Apple sold 37 million iPhones and over 15 million iPads. The craziest part of Apple’s quarter is the company’s growth rate. Sales of the iPhone grew 128% versus last year. iPad sales rose 111%. And its quarterly revenue increased 73% from the same time last year.

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Today’s BIG Stock: Solutia Inc (SOA)

Solutia, Inc. is a global manufacturer of performance materials and specialty chemicals used in a range of consumer and industrial applications, including interlayer and aftermarket film for automotive and architectural glass; chemicals that promote safety and durability in tires, and encapsulates, coatings and specialty chemicals used in a variety of electronic, industrial and energy solutions. To serve the company’s customers, it utilizes a global infrastructure consisting of 22 manufacturing facilities, seven technical centers and over 30 sales offices globally, located […]

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Student loan rate set to double

President Obama visited my alma mater, the University of Michigan (Go Blue), on Friday and spoke about college affordability and tuition costs.  He is pushing Congress to extend the law that phased in rate reductions for subsidized loans to undergraduate students. There are primarily two types of federal student loans: subsidized and unsubsidized. The difference is that the government doesn’t start charging interest on subsidized loans until the student graduates. With unsubsidized loans, by contrast, interest starts accruing right away.  Unsubsidized […]

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Jumping on Salesforce bandwagon

Advisor Group, a large independent-broker-dealer network, will roll out Salesforce.com to financial advisers affiliated with all three of its firms — FSC Securities Corp., Royal Alliance Associates Inc. and SagePoint Financial Inc. — beginning this month. The technology is being beta-tested by a group of advisers and will be implemented throughout the year. Advisor Group has worked closely with Salesforce to integrate the customer relationship management software with its own systems, primarily its Vision2020 accounting platform. What’s more, Advisor Group […]

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