Catch the falling knife

The conventional wisdom on investing is that dips in the market provide excellent buying opportunities. This is, then, a particularly unconventional time. My list of “winners” right now consists of Piedmont Natural Gas (PNY-NYSE) and Fidelity Low-Priced...

Contempt of court and more

News that the CIA destroyed 92 interrogation tapes should hardly prove surprising to anyone who’s paid even an iota of attention to what the Bush-Cheney administration did. While we’re left to ponder why the tapes were destroyed if, as the Bush...