Markets
What a Game! Politickin’ the Stimulus Bill; Reader Mail
That was one of the best Super Bowl games we’ve seen in a long time. There were some costly penalties on both sides of the ball, but in the… Read more
A “blunter” approach to China; Will GDP get “worser”?
*****Q4 GDP numbers are out today. The U.S. economy shrank at a 3.8% annual rate. Sounds bad. But it wasn’t as bad as economists were expecting. They were looking… Read more
Slogging Through; Foxes in the Henhouse
Here’s a quote that sums up the way stocks have been trading better than anything else I have read. It’s from Diane de Vries Ashley, who’s a managing partner at… Read more
Q4 Earnings on Steel: AKS, NU, X + Bank Nationalization
It seems we’re getting just enough decent earnings reports to keep things interesting. And of all the unlikely suspects, US Steel (NYSE:X) is near the top of the list.
It… Read more
The Lost Decade, American Style?
Housing prices fell as much as 18% in November 2008 when compared to the year-earlier period. Consumer confidence registered a 40-year low. Influential NYU economics professor Nouriel Roubini says… Read more
Brother, can you spend a dime?
Caterpillar (NYSE:CAT) missed earnings expectations and announced 5,000 job cuts. Home Depot (NYSE:HD) is cutting 7,000 jobs. And Sprint (NYSE:S) plans to ax 8,000 employees. And yet stocks are… Read more
Dividend cut at GE?
They say what doesn’t kill you makes you stronger. I keep that in mind as I watch the Dow Industrials repeatedly test the 8,000 support level.
We’ve watched buyers continue… Read more
IBM, AAPL Beat Earnings, MSFT Misses and USO
Once again, the buyers have stepped in at obvious support levels and sent stocks higher. We’ve identified support for the Dow Industrials at around 8,000. And while the index… Read more
President Obama
The news reported there were 1.4 million people on the Mall to watch Obama get sworn in. And there had to have been that many more in the city…. Read more