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Wall Street Journal The Wall Street Journal is an English-language international daily newspaper published by Dow Jones & Company, a division of News Corporation, in New York City, with Asian and European editions.
The newspaper vies with USA Today for the position of having the widest circulation of any newspaper in the United States, it was the largest-circulation newspaper in the United States until November 2003, when it was surpassed by USA Today and regained that position in October 2009. According to the Audit Bureau of Circulations, the paper has a circulation of 2.1 million copies (including 400,000 paid for, online subscriptions) as of October 2009 compared to USA Today’s 1.9 million. Its main rival in the Business newspaper sector is the London-based Financial Times, which also publishes several international editions.
The Journal newspaper primarily covers U.S. and international business and financial news and issues—the paper’s name comes from Wall Street, the street in New York City that is the heart of the financial district. It has been printed continuously since being founded on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The newspaper has won the Pulitzer Prize thirty-three times,] including 2007 prizes for its reporting on backdated stock options and the adverse effects of China’s booming economy. [Wikipedia: 2009]
The end of the dollar?
By John Schroy, on September 17th, 2009 | 
Igor Panarin, a Russian academic, is making headlines predicting the end of the United States in 2010. With his connections in the intelligence community, one might wonder what Professor Panarin might know about Barack Obama and his radical cabinet of ‘czars’ that is unknown to the American people?
Panarin’s map of the proposed breakup of the United States seems to exhibit a profound mis-understanding of American political history and culture. However, the non-democratic behavior of the Pelosi-Reid Congress does raise questions as to the future of the country.
US equity markets:
By John Schroy, on July 11th, 2009 | 
The long-held doctrine of blindly holding ‘Stocks for the Long Run’ is now being questioned.
Jason Zweig in a Wall Street Journal opinion piece points out that the data on which the ‘Common Stock Legend’ is based turns out to be flawed.
But then, we all knew that anyway.
Stock repurchases
By John Schroy, on January 23rd, 2008 | 
On September 17, 2007, Capital Flow Watch called the top of the Buyback Bubble, issuing a warning that stock prices might be in for a sharp fall. Throughout the last quarter of 2007, stock prices fell as funding for buybacks began to dry up, while executives rushed to exercise stock options before they were ‘under water’.
Equity sales by households are expected to continue, until executive options are ‘under water’ or until corporations run out of funding for stock buybacks, whichever is first.
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