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ROB

In the latest sign that this recovery just might have some staying power, several major retailers reported strong earnings reports for the third quarter. But along with these pleasant surprises came warnings of tough times ahead, indicating that forecasts for the upcoming holiday remain murky. The major retail earnings announcements made so far this week range from high end stores to borderline bargain basement centers: [click to continue…]

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Fun And Games With ETFs

by on October 27, 2009

Over the last few years, ETFs have seen a tremendous surge in use and popularity among all breeds of investors for a number of reasons. Some are attracted to the low costs. Others value the tax efficiency and liquidity. I love ETFs (in part) because they facilitate a “top-down” approach to investing. Picking individual stocks comes with far too much risk for my liking. Even if you pick the right sector, a bad pick still leads to the wrong result. I’d much rather make an investment based on macroeconomic trends or sector-specific developments than comb through financials of individual firms looking for the next Google (needless to say, I’m a big fan of tactical asset allocation). [click to continue…]

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According to a report from consultants Bain & Co., spending on luxury goods in expected to decline by about 8% in 2009, an improvement from an earlier forecast that called for double digit declines on the year. Previously, Bain had projected a decline of about 10% following a drop of up to 20% in the [...]

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