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Monthly Archives: August 2008

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OPEC: No Production Increase

Posted: August 31, 2008 at 4:57 pm

The people at OPEC don't seem to worry about an interruption of oil supply at all, whether it is from the weather or falling production from large countries like Indonesia. ...
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Middle East Sovereign Funds May Invest In Lehman (LEH)

Posted: August 31, 2008 at 6:40 am

Through the weekend the management of Lehman (LEH) is desperately meeting with any investors who will hear its case. According to the Telegraph, these includes Korea Development Bank, Chinese broker ...
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UK: Worst Recession In 60 Years

Posted: August 31, 2008 at 6:26 am

If the US economy looks anything like the one in the UK, Americans should brace for the worst recession since WW II. That would probably mean unemployment of close to ...
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Gustav And $5 Gas

Posted: August 31, 2008 at 6:16 am

The media is trying to make the case that Hurricane Gustav could drive gas prices back up, perhaps beyond mid-year levels and toward $5. The argument is fairly simple. When ...
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The Five Stocks To Buy After Labor Day (VZ)(F)(LEH)(BA)(GE)

Posted: August 29, 2008 at 3:13 pm

There was some ray of hope that the second half of the year would be OK when the government revised GDP up 2.2% for the second quarter. A number of ...
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Will Gustav Raise or Lower Crude Prices? (XOM, RIG, RDS, COP, CVX)

Posted: August 29, 2008 at 11:19 am

Hurricanes Katrina and Rita in 2005 forced a halt to about 25% of US oil and natural gas production. Now Tropical Storm Gustav, which is predicted to gain hurricane status ...
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Unemply

Official Word: Economy Is A Mess

Posted: August 29, 2008 at 8:03 am

The federal government finally discovered what everyone already knew. The economy has gone to hell in a hand-basket.Personal income fell 0.7 percent in the month, the sharpest decline since a ...
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24/7 Wall St. Most Overpaid CEO Of The Day: Dell (DELL) CEO Michael Dell

Posted: August 29, 2008 at 7:44 am

Poor Michael Dell, CEO of Dell (DELL), only made $2.3 million last year. Of course, he is a billionaire and owns over 227 million shares in the company he runs.His ...
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Nintendo: Only So Many Video Game Sales To Go Around

Posted: August 29, 2008 at 5:22 am

Nintendo made money, really big money, in the last quarter. Then, it had the audacity to say that things would get even better. According to Reuters, "Nintendo said it now ...
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Microsoft (MSFT): An Internet Fishing Expedition

Posted: August 29, 2008 at 4:43 am

Microsoft (MSFT) has not been able to home grow its own online business so it has decided to buy the solution a piece at a time. Yahoo! (YHOO) was supposed ...
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Japan Economic Package As A Template For US

Posted: August 29, 2008 at 4:26 am

The government in Japan is not going to fall into recession, not if the government can help it. It has introduced a stimulus package worth over $100 billion. A comparable ...
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Delphi: Car Company Canary In A Coal Mine

Posted: August 29, 2008 at 4:09 am

Robert Lutz, the oldest car company executive in the history of the industry, recently said that Detroit could not raise the money it needs to retool its plants to build ...
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Solar Powerhouses? (ENER, FSLR, SPWR, PCG, GM)

Posted: August 29, 2008 at 2:54 am

Energy Conversion Devices (NASDAQ:ENER) reported its fourth quarter and full year results this morning, and the stock is up more than 2% in early trading. It's no wonder. EPS of ...
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Media Digest 8/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 29, 2008 at 2:50 am

According to Reuters, Lehman (LEH) may fire 1,200 workers.Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast.Reuters reports that Starbucks (SBUX) will offer ...
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Asia Markets 8/29/2008 (LFC)(CHU)

Posted: August 29, 2008 at 2:25 am

Markets in Asia were sharply higher.The Nikkei rose 2.4% to 13,073. Canon fell 5.2% to 5040. ANA fell .3% to 394.The Hang Seng moved up 1.7% to 21,331, China Life ...
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