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Daily Archives: December 10, 2008

Top Pre-Market Analyst Downgrades (AXP, AXYS, BJ, CAVM, ERTS, ERIC, FLIR, FTI, GE, HTLD, KNX, NKE, SINA)

Posted: December 10, 2008 at 8:10 am

These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts:American Express (AXP) Started as Sell at Banc of America; Started as Sell ...
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R218533_855025

More Good News From Forecasters, S&P At 400

Posted: December 10, 2008 at 7:41 am

James Tobin won the Nobel prize for economics in 1969. By his measurement of the stock market, the S&P has a very long way to drop. Keep in mind that ...
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China

The Global Recession Gets Official: China Exports Fall

Posted: December 10, 2008 at 7:08 am

If there has been one constant in the global economy since the beginning of the decade it is that China's GDP and exports have kept moving up. There has been ...
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Angrybear

Shorts Attack The Banks Again, But Flee Bailout Targets And Retailers

Posted: December 10, 2008 at 6:36 am

No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble ...
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Nortel’s (NT) woes spell trouble for Alcatel-Lucent (ALU) and Motorola (MOT)

Posted: December 10, 2008 at 6:32 am

Nortel Networks Corp. (NT), which until recently was Canada's largest company, is has hired bankruptcy attorneys to advise it in the event that its restructuring plan fails, according to The ...
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House

The Specter Of Eight Million Foreclosures

Posted: December 10, 2008 at 6:15 am

Trying to guess how many homes will be lost to foreclosure over the next several years is a fool's game. No one knows what will happen to employment. The role ...
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Treasury

The Stupidity Of Attacking Paulson

Posted: December 10, 2008 at 6:00 am

The board that Congress appointed to take on the job of keeping track of how Henry Paulson was spending his bailout fund is about to make its first report. That ...
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Newspaper

Media Digest 12/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 10, 2008 at 3:29 am

According to Reuters, the House will vote on the auto bailout as early as this week.Reuters writes that Rio Tinto (RTP) will cut 14,000 jobs.Reuters reports that AIG (AIG) owes ...
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Jap

Asia Markets 12/10/2008

Posted: December 10, 2008 at 2:58 am

Markets in Asia were sharply higher.The Nikkei was up 3.2% to 8,660.The Hang Seng rose 4.6% to 15,427.The Shanghai Composite was higher by 2% to 2,079.Data from Reuters.Douglas A. McIntyre ...
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