Global Market Comments for December 15, 2008 Featured trades: (GM), (BAC), (WFC) 1) Yet another weekend of investors furiously paging through IRA's, 401k's, and brokerage statements, struggling to learn if they have been wiped out. The stunning revelations about Bernard L. Madhoff Security Investments, LLC's $50 billion Ponzi scheme, which decimated a good portion of
Global Market Comments for December 12, 2008 Featured trades: ($RTSI), (GM), (F)1) It looks like the Senate's unequivocal refusal to bail out the Big Three is forcing Paulson to redefine the TARP mission yet again. There are just too many parts suppliers in battle ground state Ohio to think otherwise, even though the bailout is
Global Market Comments for December 12, 2008 Featured trades: ($RTSI), (GM), (F)1) It looks like the Senate's unequivocal refusal to bail out the Big Three is forcing Paulson to redefine the TARP mission yet again. There are just too many parts suppliers in battle ground state Ohio to think otherwise, even though the bailout is
Global Market Comments for December 11, 2008 Featured trades: (BA), ($WTIC), ($GOLD), ($XEU)1) Weekly jobless claims soared by 58,000 to 573,000, a 26 year high. A lot of workers came back from their Thanksgiving turkey only to get fired. According to UCLA's Anderson report, unemployment in California will peak at 8.7% next year. This may
Global Market Comments for December 11, 2008 Featured trades: (BA), ($WTIC), ($GOLD), ($XEU)1) Weekly jobless claims soared by 58,000 to 573,000, a 26 year high. A lot of workers came back from their Thanksgiving turkey only to get fired. According to UCLA's Anderson report, unemployment in California will peak at 8.7% next year. This may
Global Market Comments for December 10, 2008 Featured trades: (GM), (F), (NYT) 1) The global financial crisis is evolving into a global consumer spending crisis, which is much more difficult to fix. In 2007, 85% of home mortgages were securitized in markets that ar closed. Now just five banks are extending two thirds of new
Global Market Comments for December 10, 2008 Featured trades: (GM), (F), (NYT) 1) The global financial crisis is evolving into a global consumer spending crisis, which is much more difficult to fix. In 2007, 85% of home mortgages were securitized in markets that ar closed. Now just five banks are extending two thirds of new
Global Market Comments for December 9, 2008 Featured trades: (VLCCF), (NYX), (NDAQ), (CME), (ICE), (SYMC), (CHKP), (LFP) 1) The stock market is up nine out of the last 12 trading days, and the Dow is up 1,000 from the post jobs report Friday low. The worst financial crisis in 70 years is being met head
Global Market Comments for December 9, 2008 Featured trades: (VLCCF), (NYX), (NDAQ), (CME), (ICE), (SYMC), (CHKP), (LFP) 1) The stock market is up nine out of the last 12 trading days, and the Dow is up 1,000 from the post jobs report Friday low. The worst financial crisis in 70 years is being met head
Global Market Comments for December 8, 2008 Featured trades: (HYG), ($WTIC)1) The November nonfarm payroll came in at a breathtaking 533,000, almost double the worst case forecast, goosing the unemployment rate up to 6.7%, a 15 year high. The September figure was revised down from minus -283,000 to a gut wrenching minus -403,000, meaning that