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Monthly Archives: March 2009

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Just Like That, Gold Lost Its Luster (ABX, NEM, GG, RGLD, GLD)

Posted: March 11, 2009 at 8:55 am

Share prices for gold miners and gold bullion mostly dropped yesterday as traders thought it was a good day to take on more risk. In London this morning, gold prices ...
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Citi Maintains a ‘Buy’ Rating on Transocean (RIG), Adds to Top Picks Live List

Posted: March 11, 2009 at 8:44 am

Citi maintains a 'Buy' rating on Transocean Inc (NYSE: RIG), adds to Top Picks Live list with a $98 price target, citing several positive trends in the offshore drilling including ...
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Green News: Can Coal Be Cleaned Up?

Posted: March 11, 2009 at 7:52 am

The US coal industry has not (yet) suffered the same put-downs from the Obama administration as the oil and gas industry. No delays on drilling or leases, no increases in ...
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Apple in You Ear, For $79 (AAPL)

Posted: March 11, 2009 at 7:42 am

Apple Inc. (NASDAQ: AAPL) looks like it is bringinig on its own line-up recession-proof products.  Its newest product is a smaller iPod Shuffle.  It is so small you might not ...
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Top Analyst Downgrades (AXP, ADSK, DKS, IFF, RBS, SLB)

Posted: March 11, 2009 at 6:52 am

These are the top pre-market analyst downgrades and negative calls from Wall Street that we have seen this Wednesday morning: American Express (AXP) Cut to Sell from Neutral at Goldman ...
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Top Analyst Upgrades (BIG, COF, DFS, HPQ, JBLU, MS, MOT, TSN, USB)

Posted: March 11, 2009 at 6:47 am

These are the top analyst upgrades and positive calls we have seen from Wall Street this Wednesday morning: Big Lots (BIG) Raised to Overweight at JPMorgan. Capital One (COF) Raised ...
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The Rumor Mill That Never Stops: Apple (AAPL) Building New PC

Posted: March 11, 2009 at 6:47 am

It is not a real news day for the tech and financial press if there is not a new rumor about Apple (AAPL). The latest speculation is the the consumer ...
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If OPEC Cuts It May Not Get Desired Result

Posted: March 11, 2009 at 5:33 am

According to Reuters, "OPEC is likely to cut oil supply to support prices at its meeting on Sunday, a member of Kuwait's Supreme Petroleum Council said." A month ago, that ...
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Wal-Mart’s (WMT) Bid To Save The Healthcare System

Posted: March 11, 2009 at 5:01 am

The AMA, the federal government, and most insurance companies and HMOs have been arguing that storing and updating medical records digitally is much more efficient than having them on paper. ...
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The Recession Squad Comes For China

Posted: March 11, 2009 at 4:42 am

At the recent annual gathering of China's political elite, one official followed another in a nearly endless line, stepping up to the podium to insist that China's GDP would grow ...
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Betting The US Government Won’t Pay Its Debts

Posted: March 11, 2009 at 4:07 am

It is one thing when someone can’t make a mortgage payment or a company cannot cover the interest on capital it borrowed to build a new factory. In a recession, ...
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Should The Market Ever Go Up 7% In A Day?

Posted: March 11, 2009 at 4:02 am

In a poor economy and a market that is trading down on most days, a drop of 7% may be breathtaking, but it is not unexpected. With predictions of 7% ...
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Short Sellers May Have Been Squeezed In Citi And GE, But Keep Record Level Positions

Posted: March 11, 2009 at 3:10 am

Short sellers may have taken a bath in companies such as  Citigroup (C) and GE (GE), but they increased investments in many companies to record levels. At the end of ...
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Media Digest 3/11/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 11, 2009 at 2:53 am

According to Reuters, Madoff will plead guilty. Reuters reports that most consumers do not expect any recovery until 2010. Reuters reports that Bernanke says new management at AIG (AIG) has ...
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Asia Markets 3/11/2009

Posted: March 11, 2009 at 2:20 am

Markets in Asia were mixed. The Nikkei rose 4.6% to 7,316. The Hang Seng moved up 2.1% to 11,935. The Shanghai Composite fell .9% to 2,129. Douglas A. McIntyre ...
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