links for 2010-01-23

Taxing Wall Street Down to Size – NYTimes.com The banking system has become an agent of destruction for the gross domestic product and of impoverishment for the middle class. (David Stockman, a director of the Office of Management and Budget under President Ronald Reagan) (tags: banking banks tax_policy)

links for 2010-01-22

President Obama: "Never Again Will the American Taxpayer be Held Hostage by a Bank that is 'Too Big to Fail'" | The White House This morning the President proposed what he called "the Volcker Rule," named after one of the fiercest advocates for financial reform over the past year, and who has been particularly focused … Read more

Google’s Stock Reverses Last Quarter’s Gains

Google (GOOG) fourth quarter earnings last night were largely as expected: “Google reported revenues of $6.67 billion for the quarter ended December 31, 2009, an increase of 17% compared to the fourth quarter of 2008…GAAP EPS in the fourth quarter of 2009 was $6.13…compared to $1.21 in the fourth quarter of 2008…Non-GAAP EPS in the … Read more

The Healthcare Stock Index (XLV) Has Topped Out

At this point, everyone should be used to looking at charts of stocks and indices that look like they are topping out, many in climactic fashion (click here for a review of Caterpillar; click here for a review of Intel). Add healthcare stocks to the growing list. Specifically, the Health Care Select Sector SPDR ETF, … Read more

links for 2010-01-21

Kass: Sell the News | Market Features | Financial Articles & Investing News | TheStreet.com The conventional view is that the Massachusetts election result will kill health reform and, thus, is bullish for health care stocks and for the market as a whole, but, for several reasons, I think that the crowd could prove mistaken … Read more