WOW! That was something of substance. Sure, volume was light and the financial sector made up 30% (10pts on the S&P500 index) of the total return, but up is up.
Last week it became apparent that there was the real potential that we were seeing a move to the materials, industrials...
We were pleased to see that the recent report by TrimTabs had it right (again)
Last week, before the BEA announced its numbers: TrimTabs Estimates U.S. Lost 650,000 Jobs in January. Here is the release:
December Savings Rate Was -1.8%, Not +3.6% as BEA Reported
Bad BEA Data Costing Global Markets Trillions
Back in July, I raised the idea that the financial market meltdown will eventually bring with it a particularly ugly scenario for the state of New York. (See: The Big Apple is Rotten) Over the past few months, Governor David Paterson has been voicing his concern over potential budget shortfalls...
Guests: Eric Savitz, Barron’s and Howard Silverblatt, Standard & Poor’s both have a look at the earnings and outlook for the next few months. We discuss the opportunities along with the areas to avoid. Now is the time to set some expectations for 2009. There will be many more layoffs...
A few of the more important reading items and links for October 27th :
Opportunistic? Then Start Making a Buy List – Barrons.com – Mike "The Bull" Santoli writes about something. Just what is hard to figure out.
Health or Money? – A plan to postpone the smoking ban at the...
