Bullish Blog

AP - Former Qwest CEO Joseph Nacchio asked a judge Tuesday to decide in his favor in a Securities and Exchange Commission lawsuit, saying the company’s stock plunge was the result of a telecommunications industry meltdown, not financial fraud.

AP - Stocks tumbled Tuesday after a private research group said consumer confidence unexpectedly fell in June. Investors had been expecting the Conference Board’s measure of consumer sentiment to hold steady following big jumps in April and May.

Reuters - U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission’s thinking told Reuters on Tuesday.

AP - How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman’s fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility before kicking into a big rally this spring. The numbers are the closing levels for the Dow:

AP - The Securities and Exchange Commission says an Omaha investment adviser improperly charged at least $773,000 in fees to clients since last August, and about $250,000 remains missing.

A Texas carpet shop changes its controversial name, but the haggling goes on and on. Now the store is advertising ‘total liquidations.’

AP - Investors carried Wall Street to a remarkable second-quarter performance even though stocks’ big spring rally stalled weeks ago.

Reuters - Stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.

AP - European stock markets fell modestly Tuesday ahead of an expected subdued open on Wall Street as investors awaited key data later this week for more clues about the speed of any potential recovery.

The bottom is in, so you should stick with stocks — even if they pull back — and lighten up on bonds. That’s what I’m doing in my ETF portfolio.