Amgen (Nasdaq: AMGN) finds itself at the bottom of the colorectal-cancer ladder these days. And that's not a great place to be -- especially when you consider what lies at the end of the colon.
In normal times, an unemployment figure hovering within spitting distance of 10% would be bad news indeed. These are far from normal times, of course, and the government's latest reading of 9.4% was taken as excellent news, with the stock market shooting up nicely in response. That's particularly remarkable given the months-long rally we've been on, an upswing that's seen the S&P 500 tack on more than 40% since hitting its March lows.
It's usually a compliment to be compared to China's fast-growing Baidu (Nasdaq: BIDU), but Microsoft's (Nasdaq: MSFT) Bing is being compared in a notorious way.
I've written more articles about the mistakes I've made in investing than I'd care to count. Still, it's an important subject to reflect on now and then. We all do regrettable things in our investing careers, after all, and if we're smart, we spend some time thinking about them and learning from them.
Well, so much for that summer rally.
At minimum, it looks like we're in for a period of heavy back-and-forth volatility like that we saw several months ago.
OK, Microsoft (Nasdaq: MSFT) won't do much damage to the Apple (Nasdaq: AAPL) iPhone with the release of the Zune HD media player. In fact, it probably won't even dent the iPod Touch, which is a closer rival in the pure media-player space.
China was supposed to belong to the iPhone. Sorry, Apple (Nasdaq: AAPL); Dell (Nasdaq: DELL) beat you to it.
If you can't beat 'em, join 'em.
It's not surprising that mimicking Warren Buffett's moves over the years would leave you well ahead of the pack. That's why it's great news that as an elephant-sized investment vehicle, Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) is required to periodically report some of its investments.
Finding those superior investment ideas for putting your hard-earned dollars to work can be quite intimidating. Value? Momentum? Five-star? What factor will give you that edge to find a 10-bagger?
Last week, I warned people not to make dumb decisions in the face of financial pressure. Many readers took issue with me for warning people about penny stocks, accusing me of "large-cap chauvinism."