Normally 4% gains would be big news but not so much after losing 9% yesterday. But I do think we saw some promising action today. Buyers were able to withstand two selloff attempts. The late day rally was quite impressive and brought the indices back near the highs of the day. Of course another way to look at today is as a confused market. The indices swung over 3% three times in a single sess...
Results 1 - 10 of 2375 for "EASE"
Filed under: International markets, Commodities, Oil, Recession, Financial CrisisHistory is repeating itself, at least in the oil market. Once again, a miscalculation by OPEC -- probably motivated by greed or rational self interest carried to its logical (but foolish) extension -- has resulted in almost the same set of market conditions that resulted when OPEC made the same mistake in 1990-1991...
It was a good day. My growing interesting - and growing long positions - in commodities-related items (particularly DIG) served me well. Trying to trade the ES right now..........even for those with conviction.........is treacherous. I've got some things to do............so I'll do a post late tonight. I'm pleased - really pleased - with how everything turned out today.
British Pound Remains Under Pressure Ahead of BOE Rate Cut as UK Construction PMI Falls to Record Low
Tue, Dec 2, 5:07 PM ET
The British pound initially eased back on the release of UK construction activity figures, but subsequently bounced back amidst broad US dollar weakness.
MySpace co-founder sees killer deals for established players that can purchase cash-strapped startups
Tue, Dec 2, 5:00 PM ET
Filed under: Next big thingNot long ago, the sentiment of Web 2.0 startup founders was fairly consistent. Basically, the IPO market would come back; the online advertising market would continue to grow; and valuations would continue to escalate. Well, it looks like things have not gone according to plan. If anything, it looks like we are seeing the return of the dot-com implosion. However, this...
Consumer Watch: Report says product recalls for toys and other items increased
Tue, Dec 2, 4:55 PM ET
The U.S. Consumer Product Safety Commission recalled more products in fiscal 2008, the bulk of which were made in China, the Consumers Union says.
Marvell (MRVL) this afternoon posted revenue for its fiscal third quarter ended November 1 of $791 million, with non-GAAP profits of 23 cents a share. The Street had expected the chip maker to post $793 million and 21 cents. In a statement, CEO Sehat Sutardja said that while results were in line with expectations, “we continue to experience limited visibility into the near-term demand for...
OmniVision (OVTI) this afternoon warned that results for its fiscal third quarter ending in January will be much lower than the Street had been anticipating. For FY Q2, the image sensor company posted revenue of $163.9 million and non-GAAP profits of 19 cents a share, close to the Street consensus of $166.4 million and 18 cents. But the guidance, oh my. OmniVision now sees revenue for the Janua...
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down
Tue, Dec 2, 4:22 PM ET
Filed under: After the bell, General Electric (GE), Ford Motor (F), Market matters, Boeing Co (BA), Goldman Sachs Group (GS), Dow Chemical (DOW)Equities managed a comeback after yesterday's huge sell-off. Today was on little economic data, but "less bad" data from companies helped as well as overseas markets stabilizing before U.S. traders woke up this morning. We also did not see the continued...
Sigma Designs (SIGM) this afternoon reported results for its fiscal third quarter ended November 1 in line with its recently reduced guidance. For the quarter, the company reported revenue of $46.8 million and non-GAAP profits of 27 cents a share. Sigma had projected revenue of $46.5 million, down 20% from Q2. The Street consensus was $46.4 million and 29 cents. The company did not provide any ...