Monday, August 13, 2007

The! Biggest! News! of! the! Day! - Not Goldman Fund Bailout, Sears Warning or Abby Cohen

Here are some of the contenders for today's biggest...news...of...the...day...

  • A move to inject $3 billion into an ailing quantitative fund from Goldman Sachs (GS)...
  • Upbeat comments on the market as Goldman Sachs strategist Abby Joseph Cohen touts "value" in the market...
  • A warning from Sears Holdings Corp. (SHLD)...
  • Earnings from Blackstone Group (BX)...
  • An argument to buy stocks here...includes some comments from Bernie...
  • A look into the recent market volatility with blame being cast on the "pack mentality" of quantitative hedge funds...
  • The argument that "small investors" are relatively "safe"..."investment experts say that ordinary long-term investors, as long as they are diversified, should worry less"...
  • A new "battery-powered cigarette"...
  • A dip in gas prices that is expected to be temporary...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Big Ben's bongs fall silent...now before I go on, I need to clear up some potential confusion you might have right now...

As avid market followers, I am sure the first thing you think of when you hear "Ben" is our illustrious Fed Chief, Mr. Ben Bernanke. And given that it wasn't too long ago we saw reports saying Ben Bernanke felt "uncomfortably high"...about the prospects of inflation...it is easy to see how the headline above could be misinterpreted...however, the "bong" above refers to the clock tower in London and has nothing to do with our Fed leader...

I just didn't want anyone to be confused...this article is about maintenance work on the clock...

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