The Japanese stock market has closed down about 42% for the year. The US markets may do a little better than that, off by 38% or so. For people with money in…
According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports that violence in Gaza intensified. Reuters writes that Japan is looking at…
Markets in Asia were mostly higher. The Nikkei was up 1.3% to 8,860, but was down 42% for the year. Toyota (TM) fell modestly, and Sony (SNE) rose. The Hang Seng fell…
According to Reuters, as investors moved to cash, oil has come down, but that is not likely to last. Reuters writes that data from MasterCard (MA) shows holiday spending may have dropped…
A number of markets in Asia were closed. The Nikkei rose 1.8% to 8,740. Investors continued to buy depressed shares in Toyota (TM). The Shanghai Composite was down .1% to 1,852. Data…
Douglas A. McIntyre Most markets in Asia were closed. The Nikkei rose 1% to 8,600. Toyota (TM) moved up slightly after a huge sell-off earlier in the week. The Shanghai Composite fell .6% to 1,852.…
Douglas A. McIntyre According to Reuters, authorities do not think Madoff could have acted alone. Reuters show that the US is sinking deeper into recession. Reuters reports that the SEC defended it response to the…
Many markets were closed for the holidays. In Japan, the Nikkei fell 2.4% to 8,501 after bad earnings forecasts from Toyota (TM). The Hang Seng was down .3% to 14,184. The Shanghai…
Douglas A. McIntyre The easy answer to the question of what US operations of The Big Three are worth is that they are worth nothing. That assessment is entirely accurate based on the current encumbrances…
According to Reuters, a survey of 22 countries show three-quarters of households cutting spending and a sharp drop of confidence in emerging economies. Reuters writes that the US sold record debt and…
According to Reuters, Japan’s recession deepened as its exports fell sharply. Reuters reports that Ireland will spend $7.7 billion to bailout its largest banks. Reuters reports that Toyota (TM) will report its…
Markets in Asia were mixed The Nikkei rose 1.6% to 8,724 despite a big drop in exports. Toyota (TM) fell after cutting output. The Hang Seng dropped 2.6% to 14,742. The Shanghai…
Douglas A. McIntyre According to Reuters, GM (GM) and Chrysler are close to a loan deal with the government. Reuters reports that Obama will ask for a major stimulus package focusing on infrastructure and helping…
Markets in Asia were mixed The Nikkei fell .9% to 8,589. Toyota (TM) fell on word it might post a loss. The Hang Seng was down 1.9% to 15,208. HSBC (HBC) was…
Douglas A. McIntyre Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of…