Global Market Comments for January 27, 2009 Featured Trades: (CAT), (CCTYQ) 1) The performance of heavy equipment maker Caterpillar (CAT) is one of the best leading global economic indicators out there. Poor earnings have taken the stock behind the woodshed for a severe whipping, taking down from $85 to $32. So when CEO Jim Owens
Global Market Comments for January 26, 2009 Featured Trades: (GOOG), (AOL), (MSFT), (YHOO), (T), (VZ), (W), (DBA), (FNM) 1) It was the weekend of the big layoff, with 70,000 getting pink slips globally. Key infrastructure and emerging market player Caterpillar chopped 20,000, followed by Intel, Pfizer, Home Depot, Microsoft, and yes, even Apple. You can
Global Market Comments for January 26, 2009 Featured Trades: (GOOG), (AOL), (MSFT), (YHOO), (T), (VZ), (W), (DBA), (FNM) 1) It was the weekend of the big layoff, with 70,000 getting pink slips globally. Key infrastructure and emerging market player Caterpillar chopped 20,000, followed by Intel, Pfizer, Home Depot, Microsoft, and yes, even Apple. You can
Global Market Comments for January 23, 2009 Special Gold Issue Featured Trades: ($GOLD) 1) Last year, South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a
Global Market Comments for January 23, 2009 Special Gold Issue Featured Trades: ($GOLD)1) Last year, South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a shortage
Global Market Comments for January 22, 2009 Featured Trades: (MSFT) 1) Today was the day of the Microsoft shock, with disappointing earnings and a layoff of 5,000. Too bad their principal product, Vista, never worked. There was a slew of economic data today, all bad. Weekly jobless claims exploded upward by 62,000 to 589,000, taking
Global Market Comments for January 22, 2009 Featured Trades: (MSFT)1) Today was the day of the Microsoft shock, with disappointing earnings and a layoff of 5,000. Too bad their principal product, Vista, never worked. There was a slew of economic data today, all bad. Weekly jobless claims exploded upward by 62,000 to 589,000, taking continuing
Global Market Comments for January 21, 2009 Featured Trades: ($BKX), (BAC), (WFC), (JPM), (PWR), (C) 1) The final numbers are in. The S&P 500 fell 42%, from 1,400 to 810, during the eight years of the Bush administration. The dollar fell 41% against the euro, from $0.92 to $1.30. A European investing in US stocks
Global Market Comments for January 21, 2009 Featured Trades: ($BKX), (BAC), (WFC), (JPM), (PWR), (C)1) The final numbers are in. The S&P 500 fell 42%, from 1,400 to 810, during the eight years of the Bush administration. The dollar fell 41% against the euro, from $0.92 to $1.30. A European investing in US stocks lost
Global Market Comments for January 20, 2009 Inauguration Day Featured Trades: (C), 1) We are now officially on Obama's watch. Like a young child crying out for attention, the stock market delivered its worst ever inauguration day performance, with the Dow down 332. Here's what he is facing: 1 collapsed financial system 2 wars 11