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Monthly Archives: June 2009

oil

Does The S&P Top 1,000 Before Crude Trades Above $100?

Posted: June 2, 2009 at 3:39 am

There may be some exceptions to the rule that crude and the stock market both trade substantially higher for a long period of time. The price of oil is bound ...
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Media Digest 6/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 2, 2009 at 2:58 am

Reuters:   Global consumer confidence is improving. Reuters:   GM (GM) filed for Chapter 11 and expects a quick exit. Reuters:   Most US retailers probably had sales drop in May. Reuters:   China ...
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Sunset

Asia Markets And Europe Open 6/2/2009

Posted: June 2, 2009 at 2:24 am

Markets in Asia were mixed. The Nikkei was up .3% to 9,704. The Hang Seng dropped 2.8% to 18,381. The Shanghai Composite rose .1% to 2,724. At the open in ...
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JPMorgan’s $5 Billion Raise Swings FAS/FAZ (JPM, FAS, FAZ)

Posted: June 1, 2009 at 3:34 pm

Jamie Dimon really hates the TARP and he wants out from under it.  He's said how being forced to take the TARP money has allowed JPMorgan Chase & Co. (NYSE: ...
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DJIA 200 Day MA June 1

DJIA Challenging 200-Day Moving Average

Posted: June 1, 2009 at 2:33 pm

The Dow Jones Industrial Average has been trading above its 50-day moving average since late-March.  But the 200-day moving average is a key metric for long-term traders.  The 200-day moving ...
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Stat of the Day: 1 Million Foreclosures Already in 2009 (XHB)

Posted: June 1, 2009 at 1:45 pm

The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009.  It also noted that the Mortgage Bankers Association's most recent data shows ...
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Western Refining Raising $300 Million Cash (WNR)

Posted: June 1, 2009 at 1:03 pm

Western Refining, Inc. (NYSE: WNR) has announced its intent to sell 14 million shares of common stock.  This would bring in gross proceeds of nearly $196 million at current prices.  ...
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ASCO Winner: Biovest May Be The Next Dendreon (BVTI, ABPIQ, DNDN)

Posted: June 1, 2009 at 12:23 pm

One of the largest percentage gainers with data released at the American Society of Clinical Oncology was none other than an OTC micro-cap company called Biovest International, Inc. (OTC: BVTI).  ...
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New Pre-IPO Financing Model, With NYSE Rather Than Around NYSE (NYX)

Posted: June 1, 2009 at 11:40 am

InsideVenture was there for the open at the NYSE Euronext (NYSE: NYX) today, and the company is trying to open up wider markets for venture-backed and late-stage companies to come ...
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Financing May Clean Up Jamba’s Books (JMBA, JAMBU, JMBAW)

Posted: June 1, 2009 at 10:47 am

Jamba, Inc. (NASDAQ: JMBA) has completed a sale of convertible preferred stock which raised $35 million in gross proceeds for the company. The funding was led by a $19.55 million ...
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Jobless Line Pic

Markets Learning to Grapple With Over 9% Unemployment

Posted: June 1, 2009 at 10:12 am

This Friday is going to mark the highest rates of unemployment that many investors and many in our producing economy have seen in their professional lifetimes.  The last time the ...
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Manufacturing & Construction Revival Seen

Posted: June 1, 2009 at 9:09 am

The Institute for Supply Management, or ISM, just posted the May reading for manufacturing activity.  The reading was 42.8, up from the Bloomberg consensus estimate reading of 42.0 and the ...
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DJIA Changes Weightings: Higher Tech & Financial (GM, C, CSCO, TRV)

Posted: June 1, 2009 at 8:23 am

Now that General Motors (NYSE: GM) is bankrupt, the Dow Jones Index Team has decided to announce its DJIA component changes.  In this change, there were two components changed rather ...
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Joe Public Starts Saving Rather Than Spending

Posted: June 1, 2009 at 7:41 am

This morning we got to see the Commerce Department's results showing a gain of +0.5% in income and a drop in spending of -0.1%.  We had estimates from Bloomberg at ...
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Lessons From A Personal Credit Crisis

Posted: June 1, 2009 at 7:12 am

John Tamny of RealClearMarkets What Edmund Andrews tells us about TARP.    While they were philosophical opposites when it came to most economic concepts, 20th century economists Ludwig Von Mises ...
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