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Daily Archives: March 24, 2009

Will 50-Day Moving Averages Hold Up This Time? (DIA, SPY, QQQQ)

Posted: March 24, 2009 at 8:00 am

Yesterday's major rally may have brought on more than just the garden variety panic buying seen in prior panic buying waves.  So far we have profit taking being seen early ...
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About Great Depressions, David Brooks Isn’t Serious

Posted: March 24, 2009 at 7:28 am

By John Tamny of RealClearMarkets In a recent New York Times column, David Brooks took the Republicans to task for a "totally misguided" approach to our economic problems that in his ...
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Top Analyst Upgrades & Downgrades (BIDU, CERN, CLF, DE, DIET, LDK, MRVL, MCHP, NVO, YSI)

Posted: March 24, 2009 at 6:49 am

These are the top pre-market analyst upgrades and downgrades we have seen early this Tuesday morning with about two hours until the market opens Baidu.com (NASDAQ: BIDU) Started as Buy ...
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bank30

Hedge Fund Withdrawals May Hit New Record

Posted: March 24, 2009 at 5:20 am

If the economy is going to keep getting worse, why shouldn't hedge funds, where managers can make millions of dollars a year, share in the suffering? It actually looks like ...
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oil8

Russia: Oil Prices Are Going Back Down

Posted: March 24, 2009 at 5:12 am

Falling oil prices are particularly bad for Russia. A large part of the country's GDP comes from exporting its vast supply of crude and gas. So, it is especially surprising ...
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blue-hills7

Recession Keeps Google (GOOG) Focused On Core Business

Posted: March 24, 2009 at 4:57 am

Google (GOOG) has been buying modest-sized companies for several years. It tries to find firms that have software or products that allow it to diversify out of the firm's core ...
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bear23

After Brief Respite, Airline Industry Is Heading Back Down

Posted: March 24, 2009 at 4:44 am

Last summer, the airline industry looked like it was heading toward another rash of bankruptcies. Fuel costs were at record levels because of $147 oil. The economic slowdown was already ...
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water-lilies7

Another Important Vote Against The Geithner Plan

Posted: March 24, 2009 at 4:28 am

Economist Joseph Stiglitz's outspoken opposition to the Treasury's plan to fund the purchase of toxic assets from banks may be only be one vote, but since he is a Nobel prize winner, ...
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bank29

The Housing Mirage: Misleading Numbers

Posted: March 24, 2009 at 4:11 am

The existing home sales data which was released to the market earlier was a “half empty, half full” set of data. The market seemed to take it as just full ...
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bear22

The Economy Now: Waiting For Godot

Posted: March 24, 2009 at 4:05 am

There has been little definitive discussion of the actual benefits of the Treasury’s new program that will fund the purchase of toxic assets from banks using federal money, and then ...
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Skype tries to go up-market

Posted: March 24, 2009 at 3:53 am

By Douglas McIntyre for Daily Finance Ebay (EBAY) has not had much luck making money on Skype since it bought the VoIP company that has tens of millions of customers ...
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Goldman, Please Give Back the Money

Posted: March 24, 2009 at 3:49 am

Paying back TARP cash is good for Goldman, better for the country. By Mark Gimein of The Big Money Conventional wisdom over the last week has gone from "it's outrageous ...
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bank28

Media Digest 3/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 24, 2009 at 2:57 am

According to Reuters, a number of AIG (AIG) employees gave back their bonuses. Reuters reports that economist Martin Feldstein said the recession may last well into 2010 and the government ...
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sunset9

Asia Markets 3/24/2009

Posted: March 24, 2009 at 2:20 am

Markets in Asia were sharply higher. The Nikkei rose 3.3% to 8,488. The Hang Seng was up 2.2% to 13,747. The Shanghai Composite rose .6% to 2.338. Data from Reuters ...
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