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Daily Archives: January 2, 2009

SEC: More Schemes From Mr. Ponzi

Posted: January 2, 2009 at 3:45 pm

The Madoff disaster could not have been the only situation where a money management firm took advantage of suckers. The market has been too good over the last five years, ...
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Oil

Upgrading The US Energy Grid: A Trillion Dollar Problem?

Posted: January 2, 2009 at 12:45 pm

The incoming Obama administration faces any number of sizable challenges. One thing the President-elect proposes is to spend $150 billion "over the next ten years to catalyze private efforts to ...
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Bear

A Retail Stock Sucker Rally (M)(JWN)(SHLD)

Posted: January 2, 2009 at 12:14 pm

Retail stocks are in rally mode despite forecasts that a large number of stock chains could file for bankruptcy this year and more than 70,000 individual stores could close.The move ...
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ISM Says Manufacturing Drop Is Accelerating

Posted: January 2, 2009 at 10:19 am

Following weak manufacturing data from Russia, China, and India, the Institute for Supply Management announced that US manufacturing measured by its PMI dropped sharply in December to 32.4 from 36.2 ...
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Warren Buffett’s Berkshire Hathaway (BRK.A) Hits The $224 Million Florida Jackpot

Posted: January 2, 2009 at 9:09 am

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) won a $224 million bet that Florida would escape major damage from hurricanes this season. A few years ago, when hurricanes did hit the ...
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Latest Retail Theory: Wal-Mart (WMT) Will Pound Target (TGT)

Posted: January 2, 2009 at 9:03 am

Almost every bit of news about the retail industry has been bad since the third quarter of last year. Some analysts believe that 72,000 stores could close in the US ...
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2009 Dogs Of The Dow, Mostly Dogs In 2008 (AA, T, BAC, C, DD, GE, JPM, MRK, PFE, VZ)

Posted: January 2, 2009 at 7:01 am

It looks like we have our most likely candidates for the "Dogs of the Dow" for 2009.  This is often misunderstood as an investment vehicle.  These are the 10 highest ...
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Angrybear

Semiconductor Sales Trend Down In November

Posted: January 2, 2009 at 6:55 am

According to MarketWatch, "Worldwide sales of semiconductors fell 9.8% to $20.8 billion in November, from $23.1 billion a year earlier, the Semiconductor Industry Association said Friday. Sales in the month ...
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Believe It Or Not, China Is In Recession

Posted: January 2, 2009 at 6:19 am

China can't go into a recession. Its GDP has grown at close to 10% for half a decade. It is the largest supplier  to the world. Its new middle class ...
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Getting Ready For Bailing Out The States And Cities

Posted: January 2, 2009 at 5:56 am

Experts keep saying that there is only so much bailout money to go around. That going around is getting bigger as states and municipalities try to figure out what to ...
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Media Digest 1/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 2, 2009 at 4:22 am

According to Reuters, cities and states are facing shortfalls and potential defaults.Reuters reports that the US steel industry is starting a "buy America" campaign.Reuters reports that Fannie Mae (FNM) believes ...
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Brit

Asia Markets And Europe Open 1/2/2009 (CHL)

Posted: January 2, 2009 at 3:19 am

Many markets in Asia were closed. The Hang Seng rose 4.1% to 14,977. China Mobile (CHL) rose sharply on news of a 3G build out in the nation.In Europe, the ...
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