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Daily Archives: September 29, 2008

Unemply

Small Business Gets Crushed In Credit Crisis

Posted: September 29, 2008 at 6:07 pm

With the Congressional rejection of the Treasury bailout package lending from banks to small businesses has ground to a halt. According to Forbes,"The Discover Small Business Watch index of economic ...
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CMGI Is No More (CMGI, MLNK)

Posted: September 29, 2008 at 3:47 pm

CMGI Inc. (NASDAQ: CMGI) is about to go through an investor transformation.  The former Internet incubator is now mostly ModusLink and will reflect that change. It also released its quarterly ...
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Wachovia Re-Opens, Some Value Remains (WB, C)

Posted: September 29, 2008 at 1:43 pm

Wachovia Corporation (NYSE: WB) has just resumed trading after its FDIC-led Citigroup Inc. (NYSE: C) "take-under" came in.  By now you've already heard enough about the merger news and how ...
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Angrybear_2

Fed Could Cut To Zero: Can The System Save Itself?

Posted: September 29, 2008 at 1:41 pm

Now that the Congress has voted against the Treasury bailout and the Dow has dropped700 points, the important question is whether they system can save itself before the market moves ...
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Bailout: House Says No, Stock Market Wants Yes

Posted: September 29, 2008 at 12:59 pm

If Congress was worried that the bailout package was or wasn't going to help, the failure out of the House of Representatives to pass the new bailout package just killed ...
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Defensive Stocks Only Mixed In Stock Market Turbulence (PE, KO, TAP, KFT, CPB, HRL, MCD, MO, RAI, PG, CL, MRK, JNJ)

Posted: September 29, 2008 at 11:45 am

You know it's a rough day in the market when even defensive stocks are weak or mixed.  We are at least seeing a mixed bag from some of these. But ...
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Oppenheimer’s National City Upgrade Spurns Options Activity (NCC)

Posted: September 29, 2008 at 11:25 am

Right after noon today, our screen for most active call options pointed out the movements in shares of National City Corporation (NYSE: NCC).  We already noted that famed Oppenheimer banking ...
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Gold Fields Underscores Woes of Gold Sector (GFI, NEM, GG, ABX, AU, GLD, GDX)

Posted: September 29, 2008 at 11:10 am

South African gold miner Gold Fields Limited (NYSE:GFI) posted its fiscal year 2008 earnings today. The company has been hit hard by higher costs, lower production, and a cave-in that ...
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Grand Canyon Education Sets IPO Terms (LOPE)

Posted: September 29, 2008 at 10:31 am

In an SEC filing this morning, Grand Canyon Education sets its IPO terms.  In the first indications, it looks like 10.5 million shares are being planned for sale in a ...
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Fed Throws in $620 Billion In Swaps For Dollar Liquidity

Posted: September 29, 2008 at 9:26 am

It appears that a US-led bailout package may only be part of an effort to calm market fears.  The Federal Reserve has announced a massive coordinated liquidity package to provide ...
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Apple (AAPL) And Google (GOOG) Both Break Under 52-Week Lows

Posted: September 29, 2008 at 9:11 am

In a sign that the entire market has gone under the sword, Apple (AAPL), Google (GOOG), and RIM (RIMM) have all breached their 52-week lows. Apple dropped to $109, down ...
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Does Barron’s Defense of Starbucks Mark A Bottom? (SBUX)

Posted: September 29, 2008 at 8:37 am

This weekend in Barron's, the weekly publication published an article defending the valuation of Starbucks Corp. (NASDAQ: SBUX).  Its article titled "Something Good Is Brewing" defened the company's share price ...
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Angrybear

Economist Nouriel Roubini Savages Bailout

Posted: September 29, 2008 at 8:19 am

Nouriel Roubini, economist and dark knight of the current crisis, today savaged the Paulson bailout in an article posted at his website.Among his points: "purchasing toxic/illiquid assets of the financial ...
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Wachovia/Citi… An FDIC Backed Bailout Debacle For Holders (WB, C)

Posted: September 29, 2008 at 7:43 am

Wachovia Corporation (NYSE: WB) is the newest big bank that is being taken over in a government-sponsored deal.  Citigroup (NYSE: C) is acquiring the bulk of the bank's assets and ...
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Cardinal Health To Spin Off Med Tech (CAH)

Posted: September 29, 2008 at 7:21 am

Cardinal Health, Inc. (NYSE: CAH) is going to shuffle things up.  The healthcare products and services company plans a tax-free spin-off of its clinical and medical products businesses as a ...
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