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Daily Archives: February 10, 2009

When Left Alone, Economies Never Fall Into Recession

Posted: February 10, 2009 at 9:19 am

By John Tamny  RealClearMarkets Hoping to get his economic stimulus plan passed, President Obama has warned Americans that "If we don't move swiftly to put this plan in motion, our ...
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Piper Jaffray Upgrades Energy Conversion Devices (ENER) to Buy

Posted: February 10, 2009 at 9:16 am

Piper Jaffray & Co. upgrades Energy Conversion Devices (Nasdaq: ENER) from Neutral to Buy and raised its price target $25 to $33, citing strength in Europe, U.S. legislation, and less ...
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GM’s Pre-Congress Hail Mary… Cuts & Hikes (GM)

Posted: February 10, 2009 at 9:04 am

General Motors Corp. (NYSE: GM) is doing almost whatever it can to get aggressive in cost cuts and streamlined operations ahead of its first post-bailout review next week.  Some of ...
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Top Pre-Market Analyst Downgrades (CPST, HAYN, HNZ, OSIS, SBP, VECO)

Posted: February 10, 2009 at 7:32 am

These are some of the top pre-market analyst downgrades and negative research calls we have seen from Wall Street with more than two hours to open this Tuesday morning: Capstone ...
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Early Bird Analyst Upgrades (AXA, ENER, IFX, MAN, RTP, XTO)

Posted: February 10, 2009 at 7:24 am

These are some of the top pre-market analyst upgrades and positive calls we have seen this Tuesday morning with well over two hours until the market opens: AXA (AXA) Started ...
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A $1 Trillion TARP

Posted: February 10, 2009 at 6:30 am

The failure of the banking and credit systems are happening faster than most analysts had predicted. RBC Capital yesterday predicted that 1,000 banks could fail in the US over the ...
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China Finally Tops US In Car Sales

Posted: February 10, 2009 at 6:15 am

GM (GM), Ford (F), and Chrysler better pick up the pace of their sales in China. It is about the only place where anyone is buying cars. China car sales ...
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Rohm And Haas (ROH) Back On Track?

Posted: February 10, 2009 at 6:01 am

It has probably occurred to the management at Dow Chemical (DOW) that it can not win a suit brought by Rohm and Haas (ROH) to force Dow to complete its buyout. The early ...
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China In Toy Land: The Nation’s Economy In A Box

Posted: February 10, 2009 at 5:43 am

It is hard to understand what is happening with the Chinese economy.  The central government says that GDP grew almost 7% in the fourth quarter. At the same time, it ...
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When Does Detroit Run Out Of People To Cut? (GM)

Posted: February 10, 2009 at 5:37 am

GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor ...
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Guessing How Many Banks Will Fail

Posted: February 10, 2009 at 5:31 am

How many banks will fail in the US over the next year as the recession deepens? Answering that is like trying to guess whether a poker player will draw an ...
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Forgetting About Japan

Posted: February 10, 2009 at 5:26 am

Most of the focus of the recession has been on the US and China. It makes sense to try to examine economic activity in the world’s largest consuming economy and ...
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Media Digest 2/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 10, 2009 at 4:05 am

According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity. Reuters reports that a poll of analysts cut Q2 earnings forecasts. ...
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Asia Market And Europe Open 2/10/2009

Posted: February 10, 2009 at 3:25 am

Markets in Asia were narrowly mixed. The Nikkei Fell .3% to 7,946. The Hang Seng rose .4% to 13,825. The Shanghai Composite was up 1.8% to 2,265. In Europe, at ...
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