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Appears to be at/near bottom of trading range / forming bottom of a base.  Right at 200-day moving average.  Dividend yield is around 3.8%.  And it's a great paper.  Share structure, control issues and long-term decline of newspaper circ are negatives.  That it is possibly America's best newspaper are positives.

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Filed under: Google (GOOG), New York Times'A' (NYT), News Corp'B' (NWS), Initial public offerings

Facebook is implementing a new stock structure to make sure the founders retain control, immediately causing rumors about an impending initial public offering. Why would Facebook need Class A and Class B shares otherwise? Under the new structure, which is similar to Google's (GOOG), Mark Zuckerberg and other early entrants wouldn't have to worry about yielding the floor to outsiders <strike>when</strike> if the company goes public.

Here’s a candidate for the understatement of the year: The Federal Reserve is concerned that their free-wheeling, money-printing, dollar-destroying, quantitative-easing, zero-percent interest rate policy might be “fueling undue financial-market speculation.”

Do ya think?

The Fed is a serial bubble blower worse yet, they have refused to hold the most aggressive and damaging speculators accountable for their own losses. Instead, they have participated in a massive socialization of risk, where profits remain private but losses are the taxpayers’ burden.

Fascinating stuff on the intertubes today:

• Fischer Speaking Means Bernanke Listening When Rates Fluctuate (Bloomberg)

• Commercial RE Values Off 43% From 2007 Peak (Globe ST)

• Amazon vs Wal-Mart Price War (NYT) see also Round-Up of Holiday Spending Surveys, Reports (Panzner)

• Fed Said to Ask Banks to Submit Plans to Repay TARP (Bloomberg)

• AIG’s Rescue Bedevils U.S. (WSJ)

• How to shrink the banks (Prospect)

• Geithner Is Stalking Horse for Rage at Wall Street (Bloomberg) See also Could Wall Street Actually Lose in Congress? (New Republic)

After being away for a few days, here are some items that look interesting:

• Wall Street’s Spin Game (NYT)

• Dollar Slump Persisting as Top Analysts See No Bottom (Bloomberg)

• Riding the Waves (Time) A look at Prechter’s theory of social cycles.

• U.S. Mortgage Delinquencies Reach a Record High (NYT)

• Investors are finally seeing the nonsense in the efficient market theory (Telegraph)

• Revisiting a Fed Waltz With A.I.G. (NYT)

• The world still can learn from Keynesian economics (LA Times)

• The Big Red Fez: How To Make Any Web Site Better (Book)