No More Stimulus Money For China Growth
The Chinese government is hinting that it does not need to put any more money on the table to keep its economic growth levitation act going without any more magic. The apparent decision by…
All Work
Douglas A. McIntyre
The Market Can’t Keep Going Down
One of the most frequent comments made by market experts and investors now that the indexes are reaching multi-decade lows is that the market can’t keep going down forever. It allows investors to feel…
The Economics Of Hope
The economy is losing between 600,000 and 750,000 jobs every month by every measure that the government and analysts use. This rate of job losses may go on for a relatively long period. This…
Media Digest 3/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama will start work on getting his healthcare plan passed. Reuters reports that February joblessness is estimated to rise 648,000 for February. Reuters reports that the pick for the No.2 spot…
Asia Markets And Europe Open 3/6/2009
Markets in Asia fell. The Nikkei dropped 3.5% to 7,173. The Hang Seng fell 1.8% to 11,980. The Shanghai Composite was down 1.4% to 2.193. At the open in Europe, The FTSE was off…
AAPL Headlines Roundup: March 2-6
Given the volume of Apple newsflow, we hope this end-of-week review helps. We’ve included important headlines and a few sleepers, aggregated from Apple Investor News: • Why is Apple Living in Denial? – Forbes…
DJIA: Don’t Reshuffle Index, Just Cease The Index (GE, MMM, AA, GM, C, BAC, AIG, HON, DIA, SPY)
The Dow Jones industrial average, or DJIA, is perhaps the mostly widely recognized index in the world. When people talk about “The Market” in cabs and in bars, and on the phone, they do…
$1 Billion For Ethanol Storage, In Brazil
It seems that the fight to make or break ethanol is falling in the favor of the pro-ethanol crowd. While many argue against ethanol, Brazil’s ethanol program at least makes more sense and has…
Wells Fargo Chairman Buys Stock (WFC)
The chairman of the board of directors of Wells Fargo & Co. (NYSE: WFC) has just used today’s weakness to buy stock. Richard Kovacevich spent $805,000 to purchase 100,000 shares of Wells Fargo common…
Bracing For Clearwire Earnings, Future of near-WiMAX (CLWR, S, INTC, CMCSA)
Clearwire Corporation (NASDAQ: CLWR) is set to report earnings after the close of trading today. While the actual earnings number is probably irrelevant, that is not true for the revenue. This report may actually…
DTE Customer Green Energy Charges, Maybe This Year (DTE)
DTE Energy (NYSE: DTE) has filed proposals with the Michigan Public Service Commission over plans to significantly increase the amount of renewable energy generated in the state. The company is using legislation passed last…
T. Boone Pickens Calls For $75 Oil Again
Oil Baron T. Boone Pickens has been making presentations this month about the dependence on foreign oil and over the cost of energy. Today, you saw a more confident Pickens than the man who…
Citigroup (C) Trades Below $1 !!!
Citigroup (G), until recently the largest financial services company in the world, traded below $1 at 11.37 AM today, one more road mark on its trip to a becoming a firm which is essentially controlled by…
Exxon’s Lofty Cap-Ex & Production Targets (XOM)
In a presentation for analysts today, Exxon Mobil Corporation (NYSE:XOM) outlined plans to invest $25 billion to $30 billion in each of the next five years to meet expected long-term growth in world energy…
Suddenly, Everyone Loves Adobe (ADBE)
Adobe Systems Inc. (NASDAQ: ADBE) gave some mixed guidance last night, but in today’s climate of tech washouts any guidance is a win. That is what we are seeing this morning, and analyst calls…
Deutsche Bank Said GE Industrial (GE) Worth $12, But GE Capital Concerns Keep Them On The Sidelines
Deutsche Bank is commenting on GE (NYSE: GE) today following the free-fall in the stock. The firm said they are inclined to be much more positive since GE’s industrial businesses are clearly worth more…
Fertilizer Triangle Now a Twosome, Maybe (TRA, CF, AGU)
Barely a week ago, we noted that Terra Industries, Inc. (NYSE: TRA) was likely to refuse an unsolicited offer from CF Industries Holdings, Inc. (NYSE: CF) because the deal included only 0.4325 shares of…
A Dual Defense of General Electric (GE)
There are a couple issues around the defense of General Electric Co. (NYSE: GE) this morning. An analyst note is defending the stock, and CFO Keith Sherin gave an interview early this morning to…
Imagine That, Jobless Claims Softer Than Estimates
This morning we have seen the weekly jobless claims. While economists are always noting that unemployment is a lagging indicator, go ask anyone in the unemployment lines how lagging this feels. The numbers were…
Extraordinary US Performance For Wal-Mart (WMT)
People who don’t have much money still need to buy the essentials somewhere. That place seems to be Wal-Mart (WMT) which still sells a lot of nifty stuff at low prices. For the month of…