Today there were a couple of posts about how tech stocks are currently especially attractive because they hold plenty of cash and tend to have little debt. Paul Kedrosky initially caught my eye with his post "Tech Cash is King" which in turn pointed me to a story on Bloomberg by Eric Martin. I ran a screen tonight that looked at both cash and debt. Specifically, I screened for a Price-to-Cash ratio under three, a Debt-to-Equity ratio under three and a Market Cap greater than $2.5 million. Based on these criteria, I obtained a list of 136 stocks. Judging from our list, it is absolutely true that many tech stocks do seem to have lots of cash and little debt. What also became apparent as I went through the list is that there[More...]

During the last bear market, the markets bottomed in October 2002 then rallied significantly before making a "higher low triple bottom" in March 2003. Fast forward to 2007 and 2008. After a 20.2% decline from the high to the low in the S&P500 [More...]

Major indices closed up the week here the details:
Nasdaq 0,8%
Dow Jones 0,4%
S&P 500 0,5%

Here The Weekly Movers:

GAINERS
Progenics Pharmaceuticals, Inc. (PGNX)
Sirtris Pharmaceuticals Inc. (SIRT)
General Steel Holdings, Inc. (GSI)
Volterra Semiconductor Corporation (VLTR)
Excel Maritime Carriers Ltd (EXM)
Ultratech, Inc. (UTEK)
LOSERS
Omnicell, Inc. (OMCL)
NewMarket Corporation (NEU)
National City Corporation (NCC)
RPC, Inc. (RES)
Symmetry Medical Inc. (SMA)
Lee Enterprises, Incorporated (LEE)