From the monthly archives:
Forgive me for posting about a subject only somewhat related to currencies, commodities and investments, but I just had to vent somewhere.
Last night, I was watching Comedy Central while my wife was sleeping beside me. All of the sudden, I see a commercial that features the World Trade Center and starts talking about a new commemorative [...]
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According to Standard & Poor’s, the second quarter saw the greatest number of dividend cuts in 18 years.
The firm also reduced its expected 2008 dividend payment on the S&P 500 index from $30.80 to $28.85. Last year, the number was $27.73. So while it’s still forward motion, it’s the lowest increase since 2002.
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Well, it’s always nice to get a little positive news in this market, and today drug store chain CVS delivered some. Thecompany announced that it’s boosting its quarterly dividend by 15%.
It’s interesting, and encouraging, to hear a retailer making this kind of announcement. It demonstrates, once again,that individual companies are able to continue delivering results [...]
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An old friend of mine over at S&P, Howard Silverblatt, just sent over some market stats for the month of June. Man, they weren’t pretty.
Overall, it was the worst June for the broad-market S&P 500 since 1930.
Only 66 issues gained in price and six members lost more than 40% of their value.
And the [...]
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