The Pessimists Roll In As The Recovery Takes Root
It may be that some people just want to spoil a good time. As earnings, GDP, employment, and housing sales begin to show the trends that have encouraged analysts to call an end to…
Archive
Day: August 12, 2009
All Day: August 12, 2009 Articles
Newest first · Page 2Short Seller Rush Out Of Financial Stocks, Tech, And Retail
Short sellers moved out of financial shares in great numbers. As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE) fell 15%…
Media Digest 8/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GE’s (GE) water business may be too small to help earnings. Reuters: Madoff’s CFO plead guilty. Reuters: Auto inventories are tight but interest in the “clunkers” program is falling. Reuters: China formally arrest…
Asia Market And Europe Open 8/12/2009
Markets in Asia were sharply lower. The Nikkei dropped 1.4% to 10,435. Sony (SNE) and Honda (HMC) both declisned. The Hang Seng was down 2.7% to 20,515. HSBC (HBC) and China Mobile (CHL) both…