BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Should We Be Wary of Tech Stocks?]]>http://www.bloggingstocks.com/2011/01/06/should-we-be-wary-of-tech-stocks/http://www.bloggingstocks.com/2011/01/06/should-we-be-wary-of-tech-stocks/http://www.bloggingstocks.com/2011/01/06/should-we-be-wary-of-tech-stocks/#commentsFiled under: , , , , ,

The past year was spectacular for tech stocks. But this is a new year. Are we going to see the same dynamics? The same gains? Those are the questions analysts are pondering.

First off we have the technicians. They use indexes, charts, graphs and other technical tools to make their calls on the market. One favorite index is the Philadelphia Semiconductor Index, dubbed SOX. It often is a leading indicator for where tech stocks are headed. For the past month, the index has stayed near the 420 level. That has become the overhead resistance point. Technicians argue that the 420 to 422 level must be breached and the market hold above that level for the rally to continue. Otherwise we could see a pull back.

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Should We Be Wary of Tech Stocks? originally appeared on BloggingStocks on Thu, 06 Jan 2011 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>NASDAQ 100Philadelphia Semiconductor IndexSOXtech stocksTechnical Analysistechnology stocksThu, 06 Jan 2011 10:20:00 EST<![CDATA[Sarbanes-Oxley passes final test]]>http://www.bloggingstocks.com/2008/08/24/sarbanes-oxley-passes-final-test/http://www.bloggingstocks.com/2008/08/24/sarbanes-oxley-passes-final-test/http://www.bloggingstocks.com/2008/08/24/sarbanes-oxley-passes-final-test/#commentsFiled under: ,

Most investors think Sarbanes-Oxley regulations have been the rule of the road in corporate governance since put into law in 2002. That has never quite been true. The law has been challenged in the courts for almost six years, accused of giving the federal government too much power to push public companies around.

What appears to be the final challenge to Sarbanes came to an end as a federal appeals court turned back a legal challenge to the act.

According to The Washington Post, "Businesses have protested that the act imposed costly burdens and provided too little benefit." The cost issue is entirely true, especially for small public companies that have had to stretch financial resources by spending hundreds of thousand of dollars to meet the requirements of the law.

But, it would be hard to make the case that the average shareholder is not better off with more independent corporate audit committees and accounting firms under pressure to perform flawlessly. A look at the number of companies that have had to restate financials because of errors uncovered and enforced by audit committees is a testament to the benefits of the law. The law has ended the habit of giving large institutions a "look" at company prospects and has taken away many of the disadvantages that individual investors have suffered for decades.

Sarbanes has been expensive, but the alternative would have done the common shareholder a great deal of damage.

Douglas A. McIntyre is an editor at 247wallst.com.

Sarbanes-Oxley passes final test originally appeared on BloggingStocks on Sun, 24 Aug 2008 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>corporate governanceinthenewsSarbanesSarbanes-OxleySOXSun, 24 Aug 2008 11:40:00 EST