Stock markets are rising, economic statistics are improving and economists are rushing to proclaim the end of a recession that, compared to recessions past, is quite long in the tooth. While some quibble with the official dating of the recession to the fourth quarter of 2007, if one takes that as the starting point, the [...]

The Global Opportunities model portfolio has recently been updated. Changes to the model as follows:
Buy China Mobile CHL
     2% Position 
Buy Freeport-McMoran FCX
     2% Position
Buy Potash [[POT]]
     2% Position
Sell Biogen Idec [[BIIB]]
     Entire Position
Sell Agrium [[AGU]]
     Entire Position

Hank Paulson appeared before the House committee on (Lack of) Oversight and (Prevention of) Government Reform last week to defend his actions in the Bank of America/Merrill Lynch deal. For those of you who haven’t been following along, Bank of America CEO Ken Lewis has accused Ben Bernanke and Hank Paulson of pressuring him to [...]