by Glenn Busch
June 29, 2011
Why would anyone want to own Microsoft (MSFT)? They’re lagging behind Google and Apple in the smartphone category. They’ve made poor capital allocation decisions like paying $8.5 billion for Skypeand Microsoft’s stock has gone nowhere for the last couple of years.Yet, big name value investors like David Einhorn of Greenlight Capital, are making Microsoft a big position in their portfolios.
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by Glenn Busch
June 29, 2011
Will the ISM print above or below 50 this Friday? We’re one more regional survey closer to this Friday’s report. The Federal Reserve Bank of Richmond released their business activity index yesterday and it still shows expansion.
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Governments Becoming Portfolio Managers
by Glenn Busch June 28, 2011Governments are becoming more than regulators and supervisors of the markets; they are becoming portfolio managers, active players in the capital markets. Mohamed El-Erian of PIMCO breaks down the three phases governments have gone through in beomcing portfolio managers since the failure of Lehman.