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Daily Archives: March 9, 2010

American Millionaires And The Search For Work

Posted: March 9, 2010 at 7:51 pm

The statisticians who occasionally cough up data on employment posted two new sets of numbers today. The first was the traditional monthly report from the BLS called “The Job Openings ...
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NASDAQ Short Interest Surprise, Down But Up

Posted: March 9, 2010 at 4:29 pm

We just saw some mixed data from the NASDAQ over the short selling data for the February 26, 2010 settlement date.  NASDAQ released data after the close today noting that ...
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AIG, Citi… From Chatter to Technical Move (AIG, C, FNM, FRE)

Posted: March 9, 2010 at 3:22 pm

American International Group, Inc. (NYSE: AIG) is seeing a significant trading event today.  Today's news is rumor-driven on top of related news-driven trading.  What is odd is that there is ...
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Crash Anniversary: DJIA’s 100% Gainers (BAC, AXP, AA, BA, CAT, DD, DIS, GE, HPQ, JPM, CSCO, MMM, MSFT, UTX)

Posted: March 9, 2010 at 12:00 pm

March 9, 2009 marked the absolute apex of selling and marked the official ending date of the bear market.  At the time, many were expecting stocks to see gains because ...
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Cisco’s Non-Event Event: Does Anyone Want A Faster Internet?

Posted: March 9, 2010 at 11:42 am

Al Gore invented the internet, and Cisco (CSCO) will improve it forever. Cisco built up today's announcement of its latest technology and the result of the news was that the ...
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National Employee Morale Day At Chevron (CVX)

Posted: March 9, 2010 at 10:59 am

Chevron (CVX) said it would lay-off 2,000 people. The company issued a press release describing its plans which had the title "Chevron Well-Positioned For Future Growth" Firing employees must be integral to ...
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More Secondary Offerings Hitting (CMA, SUSQ, VOLC)

Posted: March 9, 2010 at 9:57 am

We have three secondary offerings of note today, with two having an impact in the stock.  Comerica Incorporated (NYSE: CMA) is raising $800 million and Susquehanna Bancshares, Inc. (NASDAQ: SUSQ) ...
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Best Market Rumors (3/9/2010)

Posted: March 9, 2010 at 9:08 am

Updated throughout the day. Marsh & McClennan (MMC) plans to sell its corporate investigations division Kroll for $1.3 billion. Bidders may include The Carlyle Group, Apax Partners and General Atlantic (FT) ...
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Top 10 Analyst Upgrades and Downgrades (BIIB, CMA, ENER, ESLR, FSLR, MAT, HK, TRV, YUM, ZRAN)

Posted: March 9, 2010 at 8:17 am

These are this Tuesday morning's top analyst upgrades, downgrades, and initiations seen in early Wall Street research notes: Biogen Idec (NASDAQ: BIIB) Started as Buy at Soleil. Comerica (NYSE: CMA) ...
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Twenty-Seven Percent Of Workers Have Under $1,000 In Savings

Posted: March 9, 2010 at 7:58 am

America's role in the world as a nation of financial risk takers does not appear to be eroding. The Employee Benefit Research Association has released the results of it 20th annual Retirement Confidence ...
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Now Prius Has Accelerator Problem

Posted: March 9, 2010 at 6:13 am

"What can go wrong, will go wrong"--Murphy's law A California Highway Patrol officer had to help the driver of a runaway Prius stop his car after its hit 94 miles ...
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HP Slate Looks More And More Like iPad Rival

Posted: March 9, 2010 at 5:56 am

The Apple (AAPL) iPad tablet computer looks like it will launch into a market where it has no rivals. The Amazon (AMZN) Kindle is not a PC at all. It is underpowered ...
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Hope Of Employment Improvement In Second Quarter Dims

Posted: March 9, 2010 at 5:28 am

Seventy-three percent of companies polled in a new Manpower survey said their will not hire employees in the second quarter. The Manpower Employment Outlook Survey covers 18,000 companies across all ...
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Goldman Sachs (GS) Sued Over Compensation Practices

Posted: March 9, 2010 at 5:02 am

The International Brotherhood of Electric Workers, a shareholder in Goldman Sachs (GS), filed a lawsuit in Delaware which accuses the investment bank of overpaying its management and bankers. The union ...
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China Will Keep Buying US Debt Due To Few Other Alternatives

Posted: March 9, 2010 at 4:42 am

China says it will keep buying US debt. "The U.S. Treasury creates the world's largest government bond market. "Our foreign exchange reserves are huge, so you can imagine that the U.S. ...
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