Market AnalyzeClarusvisus/Getty Images/iStockphoto
Can't-miss stories from the Web
Don't believe what you read
The Wall Street Journal's inimitable Brett Arends shoots down a few of the most bullish talking points currently in circulation. Contrary to popular opinion, balanced portfolios do not always make money, betting on 9 per cent returns for 2013 is ridiculous, and he exposes a major flaw in the "billions on the sidelines" theory. He even manages to work in a reference to John Carpenter's "The Thing". A great read.
Office Depot to buy rival OfficeMax
We know it's a $976-million, all-stock deal. What we don't know is what its name will be, where it will be headquartered and who will run it.
Tourmaline attracts takeover talk
"There's no question Shell or other major international players would be definitely interested in buying the company," said Davis Rea's John O'Connell, upon learning of the company's surge in natural gas reserves.
Correction or pullback?
Word on the street is for the latter.
Not so glittery
Hedge funds are bailing out of gold. But they love AIG.
(Jody White is the Web Editor for Streetwise.)
Return to Streetwise home page.