According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its use of…
Markets in Asis were mixed. The Nikkei rose .7% to 8,720. Honda (HMC) moved up on hopes of a US car company bailout. The Hang Seng dropped .3% to 15,534. The Shanghai Composite was…
It isn’t even Michigan. At least with the car companies about to go under there would be some excuse. California says it will run out of money on Monday.
It may be old school but for every action their is an equal and opposite reaction. Take the auto bailout. It turns out that creating a car czar with special powers over The Big…
Baidu.com, Inc. (NASDAQ: BIDU) looks like a stock in trouble. Again. The Chinese search leader was hitting new 52-week lows before the market recovered late in the day. The exacerbated move is on the…
American Land Lease Inc. (NYSE: ANL) is perhaps one of the more unusual plays seen yet in private equity acquisitions. Despite a 200% premium, the more odd part of "for how much" is the…
American International Group, Inc. (NYSE: AIG) is trying to correct or refute the article that appeared today in The Wall Street Journal saying it still has some $10 billion in undisclosed counterparty obligations. The…
Earlier reports had the $15 bailout framework as being reached as a conceptual agreement between the House of Representatives and the White House. In other words, in theory. But now fresh reports show Republican…
It seems that short sellers have no real direction in the major NASDAQ biotech stocks from mid-November to late-November. Generally you see a pattern. This month the only pattern seems to be one of…
With oil tanking, many alternative energy stocks and solar stocks have been paying for it. They were the leveraged winners when oil was running up and now they are paying the price on the…
Yesterday, we reported on a deal involving a master limited partnership buying a property from the owner of its general partner. Last night, Encore Energy Partners (NYSE:ENP) announced that it bought about 1,800 producing…
Falling crude oil prices have hit Russia particularly hard. The country needs a crude price of about $70/b to cover production costs and to fund the government. So, what do they do when the…
As you will see, most of the top technology stocks from the NASDAQ 100 saw an increase in the number of shares being sold short from mid-November to late November. With the last 9…
A leading bank analyst is certain that Wells Fargo (WFC) and Bank of America (BAC) are going to have to raise more money. No one seems to be listening. Both stocks are flat to…
Analysts at Cowen & Co are throwing in the towel on the recent high-flying credit card processors MasterCard (MA) and Visa (V), downgrading both from outperform to underperform, citing deteriorating fundamentals. Cowen completely bypassed…
Eastman Kodak Co. (NYSE: EK) has been trying to turn a corner for quite some time. This morning the company turned a corner, and walked right into Thor’s Hammer. The film maker has withdrawn…
There are few positive calls this morning from Wall Street analysts, but these are the ones we have caught this morning: Alcatel-Lucent (ALU) Raised to Sector Perform at RBC. ASUR (ASR) Raised to Buy…
These are the top downgrades or negative calls we have seen this Wednesday morning from Wall Street analysts: American Express (AXP) Started as Sell at Banc of America; Started as Sell at Citigroup. Axsys…
James Tobin won the Nobel prize for economics in 1969. By his measurement of the stock market, the S&P has a very long way to drop. Keep in mind that there are nuts everywhere…
If there has been one constant in the global economy since the beginning of the decade it is that China’s GDP and exports have kept moving up. There has been an almost endless demand…