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Monthly Archives: September 2008

A Third Term for Bloomberg?

September 30, 2008
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As you know, the market plunged 778 points yesterday and it’s back up about 400 points today so far. These certainly are interesting times, and there’s no room to complain of boredom with market moves like we’ve seen lately. An interesting story related to the markets and finance today is the possibility that New York City Mayor Michael Bloomberg might try to change election law and run for a third term. According to The New York Times, Bloomberg is going to announce his intentions about this later in the week. As the financial crisis unfolded, Bloomberg was reportedly on...

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A High-Potential Health Care Investment

September 30, 2008
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So now, a little more on Sequenom (SQNM), the little company I wrote about last week after it had earned a spot in Cabot Top Ten Report several times in recent months by bucking the broad market’s downtrend. Sequenom started out as designer and manufacturer of genetic analysis systems … and this business is growing.  The company pulled in revenues of $12.9 million from these systems in the second quarter.  But the big story is that Sequenom has developed a test for Down syndrome that is performed earlier than traditional amniocentesis, that is less invasive (it analyzes a sample...

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Investing Carnival

September 30, 2008
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Good morning! The Investing Carnival is up today and you’ll find one of our articles featured there along with other great pieces on the subject. Enjoy!

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My $700 Billion Solution

September 29, 2008
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I received an email from a reader late on Friday afternoon that I wanted to share with you. Below are the letter and my response. “I have questions on the bailout–and I don’t know where to find answers.  I would appreciate it if you could help explain to me–or to any reader if you want. “To start it is only fair to say I do not like the bailout proposals I have seen no matter what the merit, but based on section 8 alone–no one man should have so much absolute authority. I thought AIG was prudent (though I...

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House Rejects Bailout Plan

September 29, 2008
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The House has rejected the government’s $700 billion bailout plan and the stock market has reacted by plunging several hundred points this afternoon. This is even as the Federal Reserve and foreign central banks agreed to pump billions of dollars into the global financial system to unlock tight lending. That did little to staunch the bleeding though as the market was down about 700 points at one moment during the afternoon. The House has pledged to get another vote as soon as possible but that may not be until Wednesday as tomorrow is Rosh Hashanah. Many politicians spoke out...

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