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- Mega Rally In Stocks - One Day Doesn't Make A Trend
Yeah, they’re tossing everything they’ve we’ve got at markets. Lloyd Bridges line from the movie Airplane may be what we all need right now eh?
With markets deeply oversold, we rallied mightily on the backs of coordinated efforts from global monetary authorities. So that’s the bottom then right? Well, one day doesn’t make a trend. But, it’s enough to get out of their way. There’s no sense rope-a-doping unless you’re really stubborn. We’re flat thankfully but then tomorrow’s … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The U.K. Injects £37 Billion Into RBS, Lloyds And HBOS
Another quick update on the British Banking bailout, namely the British Government injecting of £37 Billion into RBS (RBS), Lloyds (LLOY.L)and HBOS (HBOS.L) today:
From BBC News:
Shares in Royal Bank of Scotland, Lloyds TSB and HBOS have fallen sharply despite the UK government’s £37bn rescue package for the three banks.
The plan is meant to secure the banks’ futures, but it also means profits will have to be shared … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Income Stocks Pop Big Time
Today was a day for long stock investors to sit back and enjoy a little. Sure, we are still 20% in the hole from the last couple of weeks but we made up a third of the losses today. I was especially impressed with the performance of the high yield stocks I track and watch. Last week I wrote a couple of times on how I believed the market was over-selling high dividend stocks even though the payouts were secure. On Saturday I visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Stock Picks And Trade Ideas For Tuesday - YHOO, AAPL, LVS
Las Vegas Sands (LVS) - The recent downward trend does not appear complete. The stock could drop to the $13-13.25 range again. Fresh exposures on stock may be considered either on evidence of support at around the $13-13.25 range or on a move past $16. Technically, the chart above shows weakness as the stock is trading below major moving averages. In addition MACD is below 0 showing the stock is in a bearish mode. The only possible indicator is KD where K line seems to be … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - ETFs Feel The Fall Chill In September
The chill in September that was felt among the markets also filtered into exchange traded funds (ETFs).
Citigroup Global Markets conducted the research and found that the average ETF was down 9.3%, while the S&P 500 was down 8.9% for the month.
Eric Rosenbaum for Index Universe reports that the number one best-performing ETF was the ProShares … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Dow Soars While Investors Leave Gold ETFs
After the Dow Jones Industrial Average’s (^DJI) record one-day point gain today, though, gold exchange traded funds (ETFs) might be losing some of their luster as a safe haven. Gold lost $2 in trading today, reports Dow Jones Newswires.
The Dow soared 936 points after the world’s major governments pulled together to support the global banking system, reports Tim Paradis for the Associated Press. … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Market Close: Unimpressed With The Rally
Biggest point gain/percentage gain ever on the Dow (^DJI). Impressed? I’m not :( Wish I could be, but when you consider the historic drop we just experienced, this wasn’t totally unexpected. Oversold indicators combined with lower volume and a closed bond market, contributed to market conditions allowing for a melt-up. I know there are those out there that will find a 100+ point rally in the S&P exciting, but I don’t. Not today. 200+ on … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - US Dollar Stays Firm: Stocks More Vulnerable To Short-Lived Rally Than The Dollar
Global stock markets have traded higher after central banks from the US, Eurozone, UK and Switzerland worked in coordinated effort to pump unlimited US dollars (which used to be capped) into the global financial system Monday, and following the announcement of various central banks working hard and visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Why Gold Should Be Invested With A Buy And Hold Strategy
Gold experienced sharp falls on Friday but was still up by more than 3% on the week. This was a very impressive performance considering that major equity indices crashed some 20% to 25% for the week (see Performance table).
Asian and European shares have rallied in early trade this morning, bouncing from last week’s crash, after eurozone and international … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - General Motors Shares Rally On Merger News
General Motors (GM) stepped on the gas on Monday morning and drove up 25% to trade at $6.13 after reports that the biggest U.S. carmaker is in merger talks with Chrylser. The rebound is also in tandem with the broader market that has moved up sharply since Monday morning.
Although analysts doubt whether the merger will translate to any meaningful savings for GM, they agree that the deal will lead to some liquidity for the company. The merger will help reinforce the brand … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Institutional Interest Is High In These Nine Large-Cap Stocks
Stocks of all sizes and shapes are trading up today, but which ones will continue to do well if the market holds up?
In the graphic above, I highlight nine large cap stocks that appear to be the biggest targets of institutional interest not just today, but when the markets moved up in spurts last week too. Those that made the cut did so on the basis … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Johnson & Johnson - Bull Of The Day
Johnson & Johnson (JNJ) is one of the world’s largest providers of healthcare products in the consumer, pharmaceutical and medical devices market. It has over 200 operating companies around the world and sells its products in more than 175 countries. J&J has an enormously diverse revenue stream consisting of market leading products in all three of its business segments.
Due to a number of products expected to experience declining sales, revenue growth in the next … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Government Considers Plan B To Jump-Start Markets, ETFs
The markets and exchange traded funds (ETFs) rocketed higher at the opening today on optimism over the government’s latest plan to prop up the crumbling economy.
Central banks around the world are opening their wallets to flood the system with liquidity, reports Michael M. Grynbaum for the New York Times. The ultimate judgment on the plan will arrive tomorrow, once the credit markets reopen after a … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Credit Suisse Target Lowered
Credit Suisse Group, or CSG (CS), founded in 1856, is the second largest global financial services company in Switzerland behind rival UBS AG (UBS). The company had CHF1.4 trillion (US$1.2 trillion) in assets as of December 31, 2007.
We are continuing our Hold on Credit Suisse, but reducing our target price to $35. CSG will report third quarter results on October 23. We are cutting our EPADS [earnings per American Depositary Share] … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Should This Rally In The S&P 500 Futures Be Trusted?
- The S&P 500 futures rallied early on the opening and have been selling off, since hitting the 948.50 level at about 2:45am this morning.
- Slowly the futures seem to be drifting sideways.
- The futures did surpass the high that was made on Friday of 943.
- Could look to close the gap at the 909.25 level (Friday close).
visit site to read more] Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Buy, Sell Or Hold Update: Chevron Predicts Higher Profits, Despite Lower Output
Chevron Corp. (CVX), the focus of our popular “Buy, Sell or Hold?” feature back in late July, said is predicting a jump in its third-quarter results, despite a decline in oil-and-gas output.
Without offering actual financial details, the second-biggest U.S. oil company said in its interim update that it “expects third-quarter earnings to exceed those of 2008’s second quarter.” The San Ramon, Calif.-based Chevron attributed the improved results to higher energy prices and … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Morgan Stanley Gets Mitsubishi Infusion
Like a $9 billion shot in the arm, Mitsubishi UFG (MTU) has helped stabilize the current condition of wobbly U.S. investment bank Morgan Stanley (MS) while acquiring 21% of that company. The Japanese mega-bank’s preferred stock is convertible to Morgan’s common stock at $25.25 — far exceeding Friday’s $10 closing price.
After a 55% positive earnings surprise in Morgan Stanley’s third quarter (ended August), analysts upwardly revised estimate revisions … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - As Credit Crisis Deepens, There Are Still Many More Questions Than Answers
Is there any end in sight? Will the G7 provide strong actions (or statements of confidence) to support the global markets? Are these efforts by the world’s central banks helping or simply scaring investors? Should more regulatory actions be taken? Should exchanges suspend trading temporarily (as some suggest) until calmer heads prevail?
With Lehman Brothers Holdings Inc. (LEHMQ.PK) gone, investor worry shifted to Morgan Stanley … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Stock Trading Ideas For Monday's Rally
Considering Friday’s late day surge and the action in world markets to start the week, we are likely to get a strong rally today, and even possibly an intermediate term bottom. I plan to play this rally fairly aggressively, including looking for some advantageous entries premarket. Here are some of the names I am considering:
- Ultra QQQ ProShares ETF (QLD), designed to provide twice the performance of the NASDAQ 100, is my first choice in index ETF’s. It shows climax … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - $700 Billion Fund Will Be Earmarked To 3 "Healthy Institutions" As Master Custodians
The US Treasury is suggesting that TARP funds will be earmarked to 3 firms that will be named as the “master custodians”. They will be announced within 24 hours.
Oct. 13 (Bloomberg) — Treasury Secretary Henry Paulson’s program to buy equity in financial institutions will be optional and aimed at “healthy” firms, said Treasury Assistant Secretary Neel Kashkari.”We are designing a standardized program to purchase equity in a broad array of financial institutions,” Kashkari, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Slight Improvement In Credit Markets
Massive Intervention by world central banks moves rates that banks can borrow at slightly lower. They all still remain at elevated levels though. The S&P 500 futures are up this morning along with DJIA futures, indicated up 327pts or so. The central banks of the world are flooding the financial system with dollars in hopes of restoring confidence to the system. This also may result in significant inflationary pressures 6 months to 1 year from now.
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - US Treasury Department's '7 Point Plan'
This morning an announcement was issued by Neel Kashkari, the new assistant to Hank Paulson.
October 13, 2008
hp1199Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks before the Institute of International Bankers
Washington- Good morning and thank you for that kind welcome.
I am here today to provide a comprehensive update on the Treasury Department’s progress in implementing the Troubled Asset Relief Program … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The Big, Big Market Giveaways
“There are many stocks that are dirt cheap by just about any measure. For value investors, it is like a kid in a candy shop. Our picks are: BP, France Telecom, CBS and Pfizer.”
When investors were busy congratulating themselves a year or so ago for maintaining attractive portfolio gains, Director of Zacks Equity Research Dirk van Dijk, CFA was telling us that the mortgage market numbers were … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Citigroup Concedes Wachovia To Wells Fargo
The much-ballyhooed battle between Citigroup Inc. (C) and Wells Fargo & Co. (WFC) ended with a whimper Friday, as Citi gave up its pursuit of the assets of Wachovia Corp. (WB) - the Charlotte-based lender that was undermined by its broad exposure to subprime assets.
On Sept. 29, Citigroup bid $2.2 billion for Wachovia’s banking operations, but left both Wachovia’s A.G. Edwards brokerage unit and its Evergreen mutual fund family … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Catch A Falling Knife Or Buy When There Is Blood On The Street?
Buy, sell or hold? I think it is too late to sell. The question in my mind is whether to “catch a falling knife” or wait until there is some confirmation of a bottom in technical or fundamental terms. Countless pundits have warned against ever trying to call a bottom in a real bear market, which this clearly is. But the other mandate is to “buy when there is blood in the street” - buy when fear grips the market, sell when greed is peaking.
To decide which philosophy to follow, I am … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Morgan Stanley Renegotiating Terms With Mitsubishi UFJ Group
Morgan Stanley (MS) and Japanese banking giant Mitsubishi UFJ Financial Group (MTU), according to New York Times - are engaged in talks of altering the terms of MUFG’s $9 billion capital injection into the Wall Street firm.
On Sept. 29, the two companies reached a definitive agreement under which the Japan-based holding co. would … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Problems With Suspending Mark-To-Market Accounting Rules
The US Economic Emergency Act of 2008 allows the SEC to suspend mark-to-market accounting rules. But a blanket suspension would be counter-productive. Crises are times when uncertainty quickly turns to panic. Now is not the time to increase uncertainty by changing accounting standards. This column proposes an alternative: mark-to-funding.
The Economic Emergency Act of 2008 reaffirms the authority of the SEC to suspend fair value accounting. Observers elsewhere support a … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Update On UK's Banking Bailout Plan
Here is a quick update on the latest developments with the British Government’s plans to bailout its banking system:
From the FT:
Britain was on Sunday preparing to pump about £39bn into three of the country’s largest banks in a broad-based recapitalisation that could see the UK government end up with controlling stakes in Royal Bank of Scotland (RBS) and HBOS (HBOS.L).
Top executives from RBS , HBOS, Lloyds TSB … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Can Europe Take Care Of Its Own Financial Crisis?
Europe’s new crisis plan will hopefully stop the panic. This column explores the remaining issues - the sharing the burden of trans-national bank losses and restarting the inter-bank lending market. It suggests a technical change to the guarantees that would produce a better result.
Already the title of the press release of the emergency Euro area summit is muddled - “A concerted European action plan of the euro area countries”. The outcome of this extraordinary summit … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - A List Of Beaten Down Individual Stocks
As I posted late last week, it is time to begin making a list of those beaten down sectors and individual securities that may bring life back to your portfolio(s) in the future. I am not, repeat -NOT - recommending immediate purchase. The markets are still too destabilized for considered actions unless your objective is pure speculation.
I am beginning to do screens featuring the worst performing sectors over the past year. Amongst these include Energy (down 40.46%), Financials (down … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Governments To Guarantee 'Everything', But Nothing Really Changes
The international leaders of the world have finally agreed to guarantee “everything”. This is the most ridiculous thing I’ve ever heard in all my years of investing in the financial markets. Let’s think about this as a solution. With their guarantees, nothing really changes. Bad Debt is still bad debt. The Government will step forward to provide guarantees. It does not mean that the failures will stop. They will continue to be revealed in the news. The Government will print more … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Pre-Market Charts - Dow Jones And S&P 500
The charts shown below provide short term resistance levels that we are watching.
At this time the futures are up but they are holding flat at this time following the initial spike upwards at the open of futures trading. There is still much apprehension in the market. If you play any bounce potential do it with limited funds. Don’t 'load the boat’ for this rise in futures could give way in a heartbeat. There are still way too many stresses in the system that could break down at any … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Mark-To-Myth Accounting In Eurozone
The mark-to-myth accounting continues to exist. WSJ reports the following:
The euro-zone leaders also agreed to loosen mark-to-market rules — which force banks to book their assets at the price they would get if they sold them now.”Under the current exceptional circumstances, financial and non-financial institutions should be allowed as necessary to value their assets consistently with risk of default assumptions rather than immediate market value which, in illiquid markets may … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - If Counter-Party Risk Is Reduced, It May Be Time For More Market Exposure
Suppose you are watching US equity markets. You could be thinking of bailing out. You might be someone who has been in cash, but you do not want to miss the “bottom.” Whatever your position, you seek some magic indicator.
We have already provided the basics that should help readers make this decision. Here is some extra color, but still not the full picture. We are sorry. It has been a busy time, and we presume that readers will understand that our first loyalty is to existing … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - How The Economic Crisis Has Impacted Tech Stocks
Much of the expected growth from emerging markets and technology has been scaled back in recent industry outlooks. Zacks senior technology analyst Abdul Saleh spoke with us recently to help reorganize our tech stock priorities.
Prior to the full-blown U.S. economic crisis, had the tech industry outlook been turning more positive?
The tech industry as a whole has experienced cyclical turns since the bursting of the Internet “bubble” and it has been … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Long-Term Pricing Of Oil
Here’s an email that asks a question other readers may also have:
Hi Jim,
I’m a regular reader of your site. I enjoy all the interesting articles that you compile and write about.
I’ve read Profit from the Peak, View from the Top and all about oil megaprojects.
What I don’t understand is why the oil futures, priced out all the way to 2016, could be trading for so little. If peak oil is really coming in a few years wouldn’t the futures market show some hint of it? (think … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - What's An Energy Investor To Do When Stocks And Oil Prices Are Falling?
Stocks are clearly in panic mode; prices no longer correlate remotely with valuations. My son asks me as the market tanks another 500 points who is buying. Someone has to be buying. It’s a brilliant question. I suppose the answer is that people who think the price being offered discounts all the risks of continued panic are buying. So the price must be dramatically lower - that’s the only price able to find a buyer.
What started the stock market tanking is the global credit market … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Video: Milton Friedman Talking About Gold, Fed And The Great Depression
The following short videos are old, but give some basic information I think people should know. I hope you enjoy them. They are about the Federal Reserve, gold and the Great Depression. It may give a little insight as to why Ben Bernanke is determined to provide “liquidity” at all costs (remember, he believes it was the missteps by the Federal Reserve that led to the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Credit: A Secular Change In Trend
When old Wall Street hands — I mean those who know what they are talking about, not the charlatans and the promoters and the ivory-tower academics who are wrongly described as market experts by the mainstream media – think about what prices might do next (no one can know for sure, of course), they often look at the data from a variety of different angles.
That might entail, for example, pulling up a daily, weekly and monthly chart on a stock or other tradeable instrument to see if the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - European Summit Agrees To Banking Rescue
Fifteen European Union leaders met on Sunday in Paris to discuss a new set of actions aimed at confronting the financial crisis. The countries, which all share the euro currency (except UK, which has not adopted the medium of exchange) plan to announce hundreds of billions of dollars in new initiatives, designed to shore up their troubled banks and avert a feared market meltdown.
French President Nicolas Sarkozy - notes Bloomberg, host of the Paris summit of the 15 nations, told reporters at … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Fed Approves Wells Fargo's Acquisition Of Wachovia
The Federal Reserve Board announced Sunday its approval of the application by Wells Fargo (WFC) to acquire Wachovia Corporation (WB) and its subsidiary banks for $11.7 billion, finally removing the deal’s last major regulatory barrier.
In its brief statement, the Fed said that based on the “unusual and exigent circumstances affecting the financial markets, the weakened financial condition of Wachovia, and all other facts” the Board had shortened to 10 … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Financial Crisis Has Tide Rising On Shipping ETFs
Financing to ship owners and companies are expected to drop by one-third as money markets are at a standstill, potentially leaving related exchange traded funds (ETFs) lost at sea.
The frozen money markets are driving away the ability of banks to raise funds, and shipping prices are dropping, says the industry’s largest lender.
Alaric Nightingale and Maher Chmaytelli for Bloomberg … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Two Scenarios For The Stock Market - How Will It Play Out?
I’m going to jump right into analyzing the stock markets today but before I do so, I should advise that on top of my technical analysis, I will be making some extended predictions as well. I’ve been accurately predicting reverses this entire year, and I expect this prediction to follow through as well.
Let’s first look at Friday’s action:
visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Looking Back At The First Nine Months For ETFs
The first nine months of this year have been full of happenings for exchange traded funds (ETFs).
In a forthcoming report by Deborah Fuhr for Barclays, she notes that investors moved assets into fixed-income and commodity focused ETFs, while equity has seen a decline. The assets in global and especially Asian equity markets have retreated.
Fuhr’s report also finds that investors who are concerned with counterparty risk, transparency and liquidity when using swaps, notes or certificates … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Joining The Cult Of Austerity
It’s not hard to see how changing circumstances can affect consumer behavior. When people lose their jobs or suddenly fall ill and don’t have enough of a nest egg or other resources to fall back on, they have little choice but to rethink priorities and adjust their spending habits.
But emotions and attitudes can also have a big impact on whether people choose to spend or save, and whether certain goods and services are categorized as necessities or luxuries. During the good times, for … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The CRA (Community Reinvestment Act) Talking Point
As the public strives to understand the root causes of the economic crisis, politicians and partisan media have refined their talking points. Unfortunately, many are quite focused on creating a wedge political issue, truth be damned. The most reprehensible talking point, pushed recently by such commentators as Charles Krauthammer, Neil Cavuto, and Rush Limbaugh, attributes the crisis to the Community Reinvestment Act, passed during the Carter administration. The CRA sought to … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - 5 Stages Of Grief - Relative To The Global Financial Crisis
The current financial crisis seems to be morphing into a new stage. Daily news articles in the various newspapers trumpet new thoughts, thinking, ideas etc. Today, Paulson was proclaiming that they were going to look at a “new” way of injecting funds into the bank. Hooray! President Bush announced G7 leaders would unite to solve the problem. Double Hooray!
Several months ago, these announcements carried some weight. They were so infrequent and uncommon, that investors and the general … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Serious Problems In Auto Industry Coming To A Head
WSJ is reporting some information on General Motors (GM) and their ability to stay out of bankruptcy:
The three companies have become so weakened in recent years that longtime automotive experts say their ability to avoid bankruptcy is largely dependent on factors outside their control, such as gas prices staying around $3 a gallon, a quick recovery in the U.S. and European economies and the timing of a $25 billion U.S. government loan to the industry.
GM is … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Is There Reason To Buy Apple Now?
Apple Inc (AAPL) showed relative strength last week while the market declined so sharply. I thought I’d show this speck of positive news in the sea of negative - let’s look at Apple’s daily and weekly chart.
Apple (AAPL) Daily:
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Eerie Quietness On A Sunday
The weekend has been eerily quiet so far. The occasional announcement in the media that the G7 meeting in Washington, D.C. is continuing has been about the only news received so far.
Will there be any substantial news before the futures market opens up at 6pm (US EST) tonight? We will be watching…
A couple items that did cross the wires this weekend:
AUSTRALIA AND NEW ZEALAND ANNOUNCE A BLANKET GUARANTEE OF BANK DEPOSITS TO FIGHT THE FINANCIAL CRISIS.
Aussie PM Rudd in an … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Some Stocks To Consider Buying
We know that fear sells - even more so than greed. What is happening then is that the people’s emotions are being played by those who are control of the capital markets. The extreme volatility is telling us that at times the market interventionists are in control and at times we traders are in control. To the average person, it looks like chaos.
Having worked both sell-side and buy-side at a high level, I understand what the market is. By way of explaining it simply, I often say that the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Short ETFs Are The Top Performers
As the market continues its sharp declines, there is still a way that investors can profit from exchange traded fund (ETF) investing. Short-selling, or betting against the market, has become a strategy for many who want to hedge their losses in the current market conditions.
Sam Patel for TheStreet reports that the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
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