Tag Archives: investing

Gates Foundation charity exits health care, pharma stocks

Posted on August 19, 2009 by Les Jones

Wall Street Journal – Gates Foundation Sells Off Most Health-Care, Pharmaceutical Holdings: The Bill and Melinda Gates Foundation, the world’s largest private philanthropy fund, sold off almost all of its pharmaceutical, biotechnology and health-care investments in the quarter ended June … Continue reading →

Posted in Health Care | Tagged | Comments Off

S&P 500 P/E ratio hits fresh record high

Posted on August 18, 2009 by Les Jones

The historical average Price/Earnings ratio for the S&P 500 is 14.7. After hitting 120 at the end of May and 134 at the end of June it now stands at a mind-boggling 144. That’s bad – it means the S&P … Continue reading →

Posted in Economics | Tagged | 3 Comments

“Warning: Leveraged and Inverse ETFs Kill Portfolios”

Posted on August 17, 2009 by Les Jones

Morningstar – Warning: Leveraged and Inverse ETFs Kill Portfolios: If you think ‘Morningstar is just too conservative,’ then please read any one of these articles from other sources here, here, and here. My intent is not to scare you away from pursuing … Continue reading →

Posted in Economics | Tagged , | 3 Comments

California pensions loses 23% of assets, managers get millions in bonuses

Posted on August 13, 2009 by Les Jones

Sacramento Bee – CalPERS, CalSTRS award big bonuses despite losses: California’s two biggest public employee pension funds handed out millions of dollars in bonuses last year to their top executives and investment managers, despite losing billions of dollars. The biggest … Continue reading →

Posted in Economics | Tagged , | Comments Off

The stock market rally is being inflated by easy Federal Reserve money

Posted on August 11, 2009 by Les Jones

Any number of blogs I read have been saying that the recent stock market rally is based on nothing but loose money provided by the Federal Reserve to banks and other financial institutions. The stock market P/E ratios are crazy … Continue reading →

Posted in Economics | Tagged , , | 1 Comment