Friday, June 26, 2009

Short Takes: Media Coverage Dampens Stocks, Rising Interest Rates, and Business Partners

1. According to a study reported by Larry MacDonald, stocks with high media coverage underperform stocks with low media coverage (the web page with this article has disappeared since the time of writing). The next logical question is whether the media coverage causes the diminished returns, or whether for some reason the media gravitates to certain stocks because they are likely to have lower returns.

2. Despite the Bank of Canada’s promise to keep interest rates low at least until mid-2010, Canadian Capitalist reports that interest rates for consumers are going up.

3. Thicken My Wallet gives us the benefit of some experience by explaining how to pick the right business partner.

4. Preet gives us a credit card payoff calculator. Hopefully this will inspire people to pay off their high-interest debt and not cause them to give up because it will take too long.

5. Million Dollar Journey recommends an eye-opening exercise of figuring out how long your savings would last in a “worst-case scenario”. My fearless prediction is that those whose finances are the most precarious are least likely to try this exercise.

6. Big Cajun Man is relieved that the threatened Ontario-wide liquor-store strike did not materialize.

7 comments:

  1. Thanks for the mention, have a superior fin de semaine.

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  2. Thanks for the mention Michael. And congrats on the Globe & Mail mention today.

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  3. Thanks for the link. I voted for you in the Globe poll.

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  4. CC: Thanks for including me in your list. I almost didn't recognize your picture -- you're almost always smiling in person :-)

    Thicken: Thanks for the vote. I count your blog among the more thoughtful and useful blogs as well.

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  5. Thanks for the link Michael and congrats on the G&M coverage!

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  6. Congrats on the Globe and Mail mention.

    I'll be reading that book as well.

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  7. Thanks for the link Michael - you got my vote in the poll. Have a great weekend!

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