Is Market On Brink Of Major Correction? (Dow -149 at the moment)
Posted by admin / Under Stock Market
Is Market On Brink Of Major Correction? Published: Wednesday, 20 Jan 2010 | 5:59 PM ET By: Lee Brodie Are chances of a major correction growing? Two widely followed market strategists are both concerned that the market is over-extended. Richard Bernstein who called the tech bubble and veteran trader Gary Kaminksy are both ringing bells of caution. Bernstein’s Warning Signs Bernstein has spotted three trends emerging that lead him to believe the next leg may be lower. They follow: 1. U.S. Dollar Breaks Out /snip 2. Rising Rates /snip 3. Oil Prices Choke Consumer /snip Market Is Exhausted, says Kaminsky...
Published on Monday 8th of March 2010 01:41:00 PM
Need help. Can someone explain OTCBB and/or Pink Sheets Trading?
Posted by admin / Under Stock Market
Can someone explain something to me? Mesa Airlines (MESA) just filed for Chapter 11 Bankruptcy. Almost all other companies I've observed filing for Chapter 11 bankruptcy still have their stock trading on the OTCBB exchange or "Pink Sheets". The company reported that they do not expect the stock to be immediately available for OTCBB trading. What does this mean? Another story says a certain form (211 I think) must be filed by a market maker who might decide to pick up and trade the bankrupt company stock on an exchange. Is there a chance MESA stock will trade in the...
Published on Monday 8th of March 2010 01:41:00 PM
Insiders Quietly Sold 82x More Stock Than They Bought
Posted by admin / Under Stock Market
Insiders Quietly Sold 82x More Stock Than They Bought Vincent Fernando |Dec. 7, 2009, 11:38 AM | 751 |4 Print Tags: Markets, Investing, Stock Market Insider selling has been massively outpacing insider buying, by 82x, according to FInviz data via Zero Hedge. ZH: In the most recent data set, $11.6 million in stock was purchased by insiders, while a whopping $957 million was sold. And somehow pundits are still spinning this mass orchestrated sell into the bid by those in the know as a bull market.
Published on Monday 8th of March 2010 01:41:00 PM
Sarbanes-Oxley on Trial
Posted by admin / Under Stock Market
Congress wants to wallop business with even more regulation in the wake of the financial panic, but perhaps the Members should pause on Monday and visit the Supreme Court. The Justices will hear arguments on whether major portions of the last great Congressional overreaction, the 2002 Sarbanes-Oxley Act, are constitutional.
Published on Monday 8th of March 2010 01:41:00 PM
Potential Dubai Default Rocks Financial Markets, While Dollar Soars On Panic Buying
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Potential Dubai Default Rocks Financial Markets, While Dollar Soars On Panic Buying Joe WeisenthalNov. 26, 2009, 9:33 AM It's been well-known for some time that Dubai had found itself in a severe and precarious financial state. In early October, for example, S&P warned that it was nearly out of cash. But yesterday the once high-flying Emirate confirmed that it's reached zero-hour. MarketWatch: Dubai late Wednesday said it would restructure Dubai World and announced a six-month "standstill" on repayments of the state-run wide-ranging conglomerate's debt. Ports operator DP World and its debt is excluded from the standstill plan. .... "I don't...
Published on Monday 8th of March 2010 01:41:00 PM
Steve Jobs Couldn't Care Less About You
Posted by admin / Under Stock Market
I've got some sour news for you, Apple (Nasdaq: AAPL) shareholders. It doesn't matter how many iPods you buy, iPhone apps you download, or black mock turtlenecks you wear: Steve Jobs couldn't care less about you. And that's why -- despite great products, a killer brand, and mouth-watering growth potential -- I would advise against owning shares of his company. Hey Steve, the Jerk Store called There's plenty of anecdotal evidence to suggest that Jobs is a jerk. Stories of Apple's CEO throwing temper tantrums, berating his employees, taking credit for others' ideas, and even parking his Mercedes in handicapped...
Published on Monday 8th of March 2010 01:41:00 PM
Wal-Mart's grave situation
Posted by admin / Under Stock Market
Wal-Mart Stores Inc. has a problem. The world's biggest retailer tips the scales at just over $400 billion (U.S.) in annual sales. It is a perpetual growth machine. But it doesn't have a stock valuation to match. At Wal-Mart, repeatedly held out as a winner in this recession as consumers traded down, sales will barely budge in the current fiscal year, ending Jan. 31. Despite the bargain hunters and the demise of weaker rivals, Wal-Mart revenues will edge up just 1 per cent in fiscal 2010. Wall Street fell out of love with "The Beast of Bentonville" (for its Arkansas...
Published on Monday 8th of March 2010 01:41:00 PM
Not for the faint of heart (more turbulence next week?)
Posted by admin / Under Stock Market
Oct. 31, 2009, 12:01 a.m. EDT Not for the faint of heart As volatility returns, investors face Fed, employment, and earnings By Laura Mandaro, MarketWatch SAN FRANCISCO (MarketWatch) -- Already reeling from huge market swings, stock investors may get that whipsawed feeling again next week, when the Federal Reserve and the monthly jobs report headline a busy schedule. The broad market, coming off weekly and monthly losses, also faces monthly auto sales; quarterly results from Ford Motor Co. (NYSE:F) , Cisco Systems Inc. (NASDAQ:CSCO) and Time Warner (NYSE:TWX) ; and Congressional votes on healthcare, financial regulation and homebuyers' tax credits....
Published on Monday 8th of March 2010 01:41:00 PM
Market Outlook: Stocks Could Struggle Amid 'Buyer's Fatigue' (no more sugar high?)
Posted by admin / Under Stock Market
Market Outlook: Stocks Could Struggle Amid 'Buyer's Fatigue' Published: Friday, 23 Oct 2009 | 8:21 PM ET By: Patti Domm Executive Editor Stocks could struggle in the week ahead as the market's 7-month rally shows signs of tiring. There is another barrage of third quarter earnings reports, including names like ExxonMobil, Procter and Gamble, Aetna and Verizon. A trader at the New York Stock Exchange. Photo: Oliver Quillia for CNBC.com A trader at the New York Stock Exchange. But investor focus should shift to economic news with the first look Thursday at third quarter GDP. The number is significant in...
Published on Monday 8th of March 2010 01:41:00 PM
TREASURIES-Prices Up As Stock Slide Spurs Safety Bid
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TREASURIES-Prices Up As Stock Slide Spurs Safety Bid Tue Jul 15, 2008 9:59am EDT By Ellen Freilich NEW YORK, July 15 (Reuters) - U.S. Treasury debt prices rose on Tuesday on safe-haven demand as stocks prices tumbled and as a weak banking sector cut expectations that the Federal Reserve will raise interest rates any time soon. As major stock market indexes fell in early trade, U.S. short-term interest rate futures cut back on implied prospects for Fed rate hikes over the next several months. Prospects for a rate hike by year-end fell to 82 percent after being almost fully priced...
Published on Monday 8th of March 2010 01:41:00 PM
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