It is normal to see pullbacks. The problem is that most market pullbacks in the last five months have been rare or short-lived since the near-depression levels of early March. But it has also…
What happens when a sector loses a key bull, even if it is temporary? Often nothing, but if it is a big enough market pundit then it can have an impact. That is what…
Costco’s (COST) same-store sales fell 7% last month. The firm was lucky. Abercrombie & Fitch’s (ANF) numbers were down 38%. Saks (SKS) plunged by 16.3% and Neiman Marcus fell 27.3%. July was a sign…
T. Boone Pickens has stayed long oil. There are some comments out of a brief sideline interview at the U.S. Senate Majority Leader Harry Reid’s National Clean Energy Summit this week. Reuters has noted…
Zoltek Companies, Inc. (NASDAQ:ZOLT) was a great success story during the boom of energy and alternative energy. But since that bubble popped, its bubble has burst as well. Its shares are getting hammered again…
By John Tamny of RealClearMarkets “Chinese industry will continue to grow, it can’t help but expand with all the reinvestment they pour into it,” remarked an American engineer who has helped construct multi-million dollar…
These are this morning’s top day trader alert and actively traded stocks. We have links through to each with more detailed price and volume data and analysis over at VSInvestor.com: CIT Group, Inc. (NYSE:…
These are the top 10 pre-market analyst upgrades and downgrades in Wall Street research calls this Tuesday morning: Amgen (AMGN) Started as Buy at RBC. Brightpoint (CELL) Raised to Buy at Citigroup. Echelon (ELON)…
The crude market has been through enough wild swings in the last two years to last a lifetime. The market is now embroiled in a debate about whether most of the movement was due to…
Every time the media says that Fox Business Network is doing poorly or its rating are low, it defends itself with an astonishing rabidness. Fox will beat CNBC at its own game. Its business…
There are very few signs that the US stimulus package, which totals $787 billion, is working. Unemployment rates are showing some sign of improving, but not to the extent that the government had hoped.…
Posit: Underwater mortgages hurt home sales and increase delinquencies and foreclosures. People who have to pay their mortgage holder to sell their homes are less likely to be sellers. A home sold for $200,000…
The federal district judge handling the Bank of America (BAC) deal with the SEC to settle charges that the financial firm improperly disclosed the timing of bonuses paid to Merrill Lynch executives has said…
Costco’s (COST) same-store sales fell 7% last month. The firm was lucky. Abercrombie & Fitch’s (ANF) numbers were down 38%. Saks (SKS) plunged by 16.3% and Neiman Marcus fell 27.3%. July was a sign…
The Fed is expected to do nearly nothing as its members meet during the middle of this week. That nothing is in the face of what is now almost certainly a recovery which is…
Reuters: The Congressional Oversight Panel said the Treasury should do more to get toxic assets off bank balance sheets. Reuters: A federal judge still refuses to sign off on an SEC deal with Bank…
Markets in Asia rose modestly. The Nikkei was higher by .6% to 10,586. Honda (HMC) was flat after rising for several days. The Hang Seng was up by .1% to 20,591. The Shanghai Composite…
Rosetta Stone Inc. (NYSE: RST) has just filed with the SEC for a public offering of common stock. The language learning software leader filed to sell some 4,697,750 shares, which it listed as being…
Genzyme Corp. (NASDAQ: GENZ) has taken steps to remedy its situation with the FDA and to remedy its image. Genzyme issued some new guidance with an investor update and said it would discard the…
The Administration has a bit of a problem. The cap on the national debt, which must be approved by Congress, is $12.1 trillion. The Treasury is borrowing money so fast to fund the stimulus…