Stock Stories

No, not that Paulson .. John Paulson, the billionaire hedge fund manager who made massive money betting against the housing market. Paulson is now betting on many big banks, including Bank of America in a big way. According to his firm's latest SEC filing (as of June 30th), Paulson reported holdings of: 168 million shares of Bank of America (BAC) 35 million shares of Regions ... read more

We often hear about 'big government' and how it's getting bigger.   I wanted to check the data to see if it's hyperbole or reality.   Its not hyperbole.   According to official government data (ironic) it turns out that government - Federal, state, local and military - has the single highest payroll of any "industry." The table below is from the Bureau of Economic Analysis' official income ... read more

Apple CEO Steve Jobs directly addressing the persistent rumors about his health which have moved Apple (AAPL) shares lately.   Here is the letter he sent out: Dear Apple Community, For the first time in a decade, I'm getting to spend the holiday season with my family, rather than intensely preparing for a Macworld keynote. Unfortunately, my decision to have Phil deliver the Macworld ... read more