Oil Drops Below $60, Weighs on Markets

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Oil dropped below $60 a barrel as consumer confidence came in below expectations. The belief is that when the American consumer is not confident, he or she does not… Read more

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Alcoa (NYSE:AA) An Indicator for Earnings Season?

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Earnings season has begun. Alcoa (NYSE:AA) kicked things off with a report that was better than expected, even though the company lost $454 million in the second quarter. Yes,… Read more

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G-8 Calls for More Stimulus Funds

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Yesterday, Reuters reported that the delinquency rate on credit card debt hit 6.6% in the first quarter of 2009. On mortgage loans, delinquencies hit 3.5%. 
I can virtually guarantee both… Read more

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Earnings Expectations Low Enough for Most Firms to Beat Them

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Stocks rallied out of the hole yesterday. And the financial media, which started the day reporting that pessimism about the economic recovery was driving stocks lower, finished by saying… Read more

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Oil: The Economy’s Leading Indicator

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Thursday’s nasty sell off appears to be bleeding into today. Of course, TradeMaster technical analyst Jason Cimpl had us prepared for more declines today with his excellent video chart… Read more

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Where the IPO Market is Hot

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And so it begins. I’m talking about earnings estimate revisions for banks. And yes, they are headed lower. First up is Morgan Stanley (NYSE: MS). Credit Suisse analyst Howard… Read more

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Foreclosures Hitting Prime Mortgages and Banks

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The Third Quarter is getting off to a rousing start. Economic data for the day is generally good – manufacturing shrunk less than expected and pending home sales rose… Read more

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Case-Shiller Index Decline Seen as Improvement

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Talk about boring. On Monday, around 10:30 AM, the S&P 500 rose above 924. By 12:30 PM, it rose to 927.99. Ignore the first hour of trading (when the… Read more

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Commodities Run About to Turn?

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The positive headlines are everywhere this morning. On Bloomberg alone, we read that the worst is over for Treasury bonds, factory output improved in Japan for the second straight… Read more

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