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Daily Archives: December 15, 2008

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Buffett Keeps Riding The Reading Railroad (BNI)

Posted: December 15, 2008 at 7:26 pm

Burlington Northern Santa Fe Corp. (NYSE: BNI) does not have a new shareholder.  But Warren Buffet's Berkshire Hathaway Inc. (NYSE: BRK-A) did increase the size of the stake held in ...
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Who Ultimately Bails Out U.S. Government?

Posted: December 15, 2008 at 4:37 pm

The Treasury Department and the Office of Management and Budget has now released the Fiscal Year 2008 Financial Report of the United States Government.  As you'd guess, there are deficits, ...
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The 52-Week Low Club (HUN)(NT)(EK)(RCRC)

Posted: December 15, 2008 at 4:05 pm

Huntsman (HUN) Merger deal falls apart. Drops to $2.82 from 52-week high of $25.74.Nortel Networks  (NT) As company fights debt problems, Moody's lowers earnings. Sells down to $.32 from 52-week ...
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What If Goldman Sachs & Morgan Stanley Actually Make Money? (GS, MS)

Posted: December 15, 2008 at 3:24 pm

This is a very important week for earnings from brokerage firms (or the new bank holding companies).  Tomorrow morning we have earnings from Goldman Sachs Group (NYSE: GS) and on ...
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AirShares: The New Carbon ETF, Sort Of (ASO)

Posted: December 15, 2008 at 2:43 pm

There is a new ETF in town, or at least a vehicle that is like an ETF, and this one tracks carbon allowances.  AirShares™ EU Carbon Allowances Fund (NYSE Arca: ...
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Homebuilders In Need Of Psychadelics

Posted: December 15, 2008 at 1:10 pm

The news from the homebuilders isn't looking any better.  The NAHB sentiment survey in December came in matching the level of 9.0 in November.  The association sees no improvement in ...
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A Little Good News for Chesapeake Energy (CHK, RRC, SWN, DVN)

Posted: December 15, 2008 at 12:49 pm

In a bit of good news this morning for Chesapeake Energy Corporation (NYSE:CHK), the Deutsche Bank analyst who downgraded Range Resources Corporation (NYSE:RRC), Southwestern Energy Company (NYSE:SWN), and Devon Energy ...
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CNX Gas Reports Large New Well (CXG)

Posted: December 15, 2008 at 12:45 pm

CNX Gas Corporation (NYSE:CXG) reported this morning that it is producing 6.5 million cubic feet of natural gas production from a well in the Marcellus Shale. The well represents CNX's ...
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Facebook Is Dead

Posted: December 15, 2008 at 12:07 pm

Putting advertising on social network websites like Facebook or News Corp (NWS) MySpace has never made sense. They claim to have tens of millions of "members", "users", "friends". Some of ...
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Schwab (SCHW): More Bad News For Citigroup (C)

Posted: December 15, 2008 at 11:30 am

Schwab (SCHW) said that trades by its customers dropped 18% from October to November falling to "408.0 thousand", as the firm likes to put it.The market still seems volatile. All ...
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Energy Company Downgrades Hit E&P Companies (RRC, SWN, DVN)

Posted: December 15, 2008 at 10:41 am

News from the energy patch just keeps getting worse. Global consumption is down, consumer prices are down, and just about every company is reducing spending on exploration and production. This ...
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Hedge Fund Business Gets Worse, Nice While It Lasted

Posted: December 15, 2008 at 9:26 am

The number of hedge funds topped 10,000 earlier this year. Watch for about 3,000 of those to be gone soon.According to Bloomberg, "Almost a third of hedge funds will shut ...
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Day Trader Alert: Biogen Idec & Another PML Case (BIIB, ELN)

Posted: December 15, 2008 at 9:25 am

Biogen Idec Inc. (NASDAQ: BIIB) just came out with an SEC filing showing that on December 11, 2008, regulatory agencies were notified of a confirmed case of progressive multifocal leukoencephalopathy.  ...
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Goldman Sachs Cores Apple (AAPL)

Posted: December 15, 2008 at 9:08 am

Many investors and traders alike have been hoping that Apple Inc. (NASDAQ: AAPL) would be largely immune or at least a little shielded from the horrible consumer trends.  It looks ...
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Economic Policy And The Bush Era

Posted: December 15, 2008 at 9:03 am

By John Tamny  RealClearMarketsEconomist Charles Kadlec has long pointed out that bull markets and strong economic eras don't die of old age, but due to legislative failure. Economics textbooks for ...
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