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Monthly Archives: March 2009

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Barclays, iShares, and Selling the Crown Jewels (BCS)

Posted: March 16, 2009 at 8:46 am

Barclays plc (NYSE: BCS) is trading higher on word that it may sell off its valuable iShares unit.  This is the golden child of the ETF industry.   The reports from ...
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US and Europe – Two Sides of the Natural Gas Storage Coin (CHK)

Posted: March 16, 2009 at 8:21 am

Natural gas contracts in the US have been trading at around $4/thousand cubic feet. The prime suspect for the low price is, surprise, the slow economy. The amount of natural ...
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UBS Removed its Short-Term Sell Rating on General Electric (GE)

Posted: March 16, 2009 at 8:12 am

UBS removed its short-term sell rating on General Electric (NYSE: GE). The firm is maintaining its Neutral rating. Shares of GE rocketed 36% higher last week as it recovers from ...
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Citi Discloses New Independent Board Members (C, USB, BOH)

Posted: March 16, 2009 at 8:05 am

Citigroup Inc. (NYSE: C) has disclosed those four new independent board members that it is nominating for election at the April 21 shareholders' meeting.  There were reports last week that ...
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Oil & Energy Upgrades & Downgrades (APA, DNR, E, XOM, OXY, PXP, RDS.A, SPWRA)

Posted: March 16, 2009 at 7:20 am

These are the top analyst calls we have seen in the oil patch and in the energy sector this Monday morning: Apache (NYSE: APA) Raised to Outperform at Credit Suisse. ...
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Top Analyst Upgrades & Downgrades (KG, MXIM, NWL, WFMI, WY, LM, POWI, S)

Posted: March 16, 2009 at 7:06 am

These are some of the top pre-market analyst upgrades and downgrades from Wall Street this Monday morning: King Pharma (KG) Raised to Overweight at Wachovia. Maxim Integrated Products (MXIM) Raised ...
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When We Ban Short Sales, We Ban Share Buyers

Posted: March 16, 2009 at 7:03 am

John Tamny  RealClearMarkets For some publicly held banks, the end of the share-price decline is seemingly nowhere in sight. Despite positive earnings news last week, Citigroup continues to bounce around ...
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EU Becomes A Drag On Global Economy

Posted: March 16, 2009 at 6:33 am

Payrolls are shrinking in Europe which is not good for US multinationals that do business there, US firms that export there, or Chinese operations which send tens of billions of ...
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Paying Farmers In China “Cash Back” Deals To Buy Cars

Posted: March 16, 2009 at 5:14 am

China has come up with another economic stimulus idea worthy or emulation by the US. The central government in the world's most populous nation will give farmers a credit if ...
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Bernanke’s Trouble Forecasting The Future

Posted: March 16, 2009 at 4:52 am

"It now appears likely that real gross domestic product (GDP) will not grow much, if at all, over the first half of 2008 and could even contract slightly. We expect ...
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AIG (AIG) Bailout And The Price Of Doing Business

Posted: March 16, 2009 at 4:26 am

One of the things that Congress and the Administration knows but do not want to admit in public is that bailouts are messy affairs where most of what is planned ...
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OPEC’s Enigma

Posted: March 16, 2009 at 3:57 am

OPEC elected to continue production at its current level, at least until May. The announcement was an unexpected result of the cartel’s meeting in Vienna. There was no consensus among ...
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Selling The Washington Monument

Posted: March 16, 2009 at 3:53 am

China’s premier made some pointed remarks about the US economy and  its appetite for increasing the national deficit in order to save the American way of life.  The fallout from ...
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Media Digest 3/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 16, 2009 at 2:53 am

According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is causing rage among people already concerned about the bailout. Reuters ...
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Asia Markets 3/16/2009

Posted: March 16, 2009 at 2:13 am

Markets in Asia were moderately higher. The Nikkei rose 1.8% to 7,704. The Hang Seng was up 1.7% to 12,743. The Shanghai Composite rose 1.2% to 2,153. Data from Reuters. ...
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