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Daily Archives: November 17, 2008

House

It Couldn’t Happen To Nicer Guy: Mark Cuban Charged With Insider Trading

Posted: November 17, 2008 at 11:30 am

According to The Wall Street Journal, monumentally wealthy Mark Cuban, has been charged with insider trading in shares of Mamma.com aka Copernic (CNIC).If things go badly, maybe Cuban will have ...
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Burningmoney

Are Bear Market Rallies The Best Case For Now?

Posted: November 17, 2008 at 10:53 am

Everyone keeps asking why the stock market selling persists, yet they are the same reasons that were there in the weeks and months before the election.  The difference today is ...
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Uncle_sam

Memo From Eliot Spitzer To Obama Via The Washington Post

Posted: November 17, 2008 at 10:38 am

Eliot Spitzer has a few choice words for Obama about what to expect when the new president begins his repair and reclamation work on the financial markets. The Washington Post ...
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Gold_pic

Gold Miners Digging a Deeper Hole (ABX, GG, NEM)

Posted: November 17, 2008 at 9:53 am

Gold mining stocks have a real challenge in the current environment.  The top companies like Barrick (NYSE:ABX), Goldcorp (NYSE:GG), and Newmont (NYSE:NEM) are doing all they can to reduce costs ...
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Pirate_flag

Pirates Grab Saudi Oil Tanker

Posted: November 17, 2008 at 9:45 am

The US Navy reports this morning that a Saudi-owned tanker, the Sirius Star along with its crew of 25, has been hijacked about 450 miles southeast of Mombasa, Kenya. This ...
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An Appeal To Reason

Posted: November 17, 2008 at 9:31 am

by John Tamny, RealClearMarketsNigel Lawson, chancellor of the Exchequer under Margaret Thatcher, and author of three books--including his essential account of the Thatcher years, The View from No. 11: Memoirs ...
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Oil_well_logo_2

Will Grey Wolf and Precision Drilling Finally Tie the Knot? (GW, PDS, BAS)

Posted: November 17, 2008 at 9:02 am

The buyout of US driller Grey Wolf (NYSE:GW) by Canadian drilling company Precision Drilling Trust (NYSE:PDS) got its start back in April, when oilfield services company Basic Energy Services (NYSE:BAS) ...
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Cammonopoly_wideweb__430x3250

24/7 Day Trading Alerts (BIDU)(DELL)(APWR)(UTHR)

Posted: November 17, 2008 at 9:00 am

China search engine company Baidu (BIDU) is trading down on heavy volume, perhaps due to competition with Google (GOOG).  Details....A-Power Energy Generation Systems (APWR) diving. Details...United Therapeutics (UTHR) hammered due ...
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R218533_855025

Big Time Economists Whistle Past The Graveyard

Posted: November 17, 2008 at 8:01 am

The latest poll from The National Association of Business Economists is remarkable in both its optimism and its lack of any grasp of the serious problems the economy faces.According to ...
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Top Pre-Market Analyst Downgrades (ANF, ATVI, AA, CB, DELL, ERTS, FCX, MTL, STP)

Posted: November 17, 2008 at 7:35 am

These are the top research downgrades and negative analyst calls we are seeing this Monday morning with more than two hours to the open:Abercrombie & Fitch (ANF) Cut to Market ...
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95129c

A Sucking Sound At The IMF

Posted: November 17, 2008 at 6:35 am

The IMF will need more money. That should come as no surprise given the number of countries likely to come to it for bailout cash.According to Reuters, "International Monetary Fund ...
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Data

Will Citigroup (C) Be Sold To JP Morgan (JPM) Or Taken Over Like AIG (AIG)?

Posted: November 17, 2008 at 6:14 am

If the press is right, Citigroup (C) is about to hold a big pep rally with its CEO Vikram Pandit raising the cheer followed by an announcement that it will ...
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Ge_large

GE (GE) To Buy Assets To Add To Those It Can’t Run Now?

Posted: November 17, 2008 at 5:54 am

The business principle of spreading risk makes sense unless it is only risk which is being spread with no hope for reward. GE (GE) has not made much of a ...
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Ford1

Auctioning Detroit To The Japanese And Germans (TM)(GM)(F)(HMC)

Posted: November 17, 2008 at 5:30 am

When it comes to the trouble with the US car industry and a potential government bailout, the first and most important consideration is that no one is at fault. The ...
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Newspaper

Media Digest 11/17/2008 Reuters, WSJ, New York Times, FT, Bloomberg.

Posted: November 17, 2008 at 3:50 am

According to Reuters, Japan has fallen into a recession.Reuters writes that the top seven executives at Goldman Sachs (GS) will take no bonuses.Reuters reports that a poll showed that many ...
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