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Daily Archives: December 30, 2008

Sad_clown

The 52-Week Low Club (HOV)(KIDS)(BLDP)(PEIX)

Posted: December 30, 2008 at 6:58 pm

Hovnanian (HOV) News on housing prices pushes homebuilder down. Drops to $1.56 from 52-week high of $13.50.Parent (KIDS) Files for Chapter 11. Sells down to $.05 from 52-week high of ...
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Gizmodo Rumor: Apple’s (AAPL) Jobs Health Failing

Posted: December 30, 2008 at 1:23 pm

Because of the number of rumors about the health of Apple (AAPL) CEO Steve Jobs, it is hard to know which has any validity. Jobs has suffered from islet cell ...
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Unemply

Holiday Retail Worst Since 1970

Posted: December 30, 2008 at 1:05 pm

The two most brutal recessions in recent memory are those that hit in 1973 and 1981. It appears that holiday retail sales for 2008 were worse than they were in ...
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Russia

Russia and Ukraine: Energy Battle, Round Two

Posted: December 30, 2008 at 12:33 pm

Platts is reporting this morning that Russian gas monopoly Gazprom will turn off gas supplies to Ukraine unless the former Soviet republic signs a natural gas export contract by January ...
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SEC Changes the Rules on Oil Reserves

Posted: December 30, 2008 at 10:32 am

The Securities and Exchange Commission yesterday announced that it has approved new rules to "modernize its oil and gas company reporting requirements." Well, modernization, like beauty, is in the eye ...
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Standard & Poor’s Downgrades Dow Chemical’s (DOW) Credit Rating to ‘BBB’

Posted: December 30, 2008 at 10:28 am

Yesterday evening, Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured ratings on Dow Chemical Co. (NYSE: DOW) to 'BBB' from 'A-'. The long-term ratings on Dow ...
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Consumer Confidence Goes Fall Into The Inferno’s Ninth Circle

Posted: December 30, 2008 at 10:20 am

The Ninth Circle of Hell in Dante's Inferno. The home of traitors to their own kind.The Conference Board today reported that consumer confidence hit 38 for the month of December, ...
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House

Home Prices Down 18%, Recovery Improbable

Posted: December 30, 2008 at 9:34 am

According to S&P/Case Shiller, home prices fell 18% in October compared with the same month last year. Home prices are now back to March 2004 levels. The index for the ...
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Tx00338coilwellgusherodessatexaspos

As Tension In Nigeria Worsens, Oil Eyes $50 For Early 2009

Posted: December 30, 2008 at 8:41 am

Drops in consumer and corporate spending are about to compounded by high fuel prices as crude is likely to move to $50 or better early in 2009.Both sides in the ...
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Early Analyst Calls (AF)(AXYS)(FEED)(YUM)

Posted: December 30, 2008 at 8:01 am

Astoria (AF) remains "underperform" at FBR.Axsys (AXYS) upped to "buy" at Morgan Joseph.Yum! (YUM) upgraded to "buy" at Argus.AgFeed (FEED) downgraded to "neutral" at Global Hunter.Sources: Briefing.com and wire services.Douglas ...
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For_sale_sign

Posted Without Comment: Housing Getting Worse

Posted: December 30, 2008 at 6:41 am

According to The Wall Street Journal, "The S&P/Case-Shiller home-price index is expected to reflect the continuing toll exacted by the deflating housing bubble. J.P. Morgan estimates that the October year-over-year ...
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Old News, New Wrapping: Car Industry Bad Next Year

Posted: December 30, 2008 at 6:36 am

Thanks for this. Reuters reports that "The auto sector is expected to be the most financially troubled industry in the United States next year, taking the top spot from ...
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Angrybear

Consumer Confidence Is The Opposite Of Consumer Spending

Posted: December 30, 2008 at 6:29 am

The Wall Street Journal makes the point that consumer confidence does not mean much if it does not go hand-in-hand with consumer spending. As the paper reports "Gasoline is still ...
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Ford

Ford (F) And The Self-Parking Car Debacle

Posted: December 30, 2008 at 6:10 am

"Baby, you can drive my car /yes, I'm gonna be a star/ Baby you can drive my car /And maybe I'll love you."--The Beatles.The matchless idiocy which has defined the ...
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Jap_2

Looking To “The Land Of The Rising Sun” For US Economic Future (SNE)(TM)

Posted: December 30, 2008 at 5:53 am

The Japanese stock market has closed down about 42% for the year. The US markets may do a little better than that, off by 38% or so. For people with ...
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