ROCHESTER, New York (Reuters) - The United States does not face a high risk of Japan-style deflation and ought to spell out a target for prices to keep this threat at bay, two top Federal Reserve policy-makers said on Tuesday.
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General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
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 ...
I have feelings and they are tingling and they are telling me to be short for tomorrow. I’m taking a heavy position. Hopefully that tingling is not my toes from sitting in the same position too long. Today the market almost went flat, but it was very VERY important that the market closed up and closed up as much as its doing right now - Dow 200. If the market had closed flat or down, then...
As we enter the final month of 2008, it’s time to start thinking about what will be hot in 2009. To start that off, I want to revisit this post I made on SeekingAlpha in late September of 2008 — a little more than two months ago — regarding preserving your wealth in our current economic downturn. Here’s a reassessment of that view: 1. My macroeconomic view remains unchan...
Semiconductor companies are planning sharp production cuts for both Q4 2008 and Q1 2009, according to a report today by Craig Berger, chip analyst at Friedman Billings Ramsey. He says that PC chip firms are seeing “significant production weakness,” as are communications IC producers - and that semiconductor companies are adjusting their own output accordingly. Here’s a rundown...
UnitedHealth Group Inc. (NYSE: UNH) has made some rather bold predictions for 2009. What is interesting here is that these projections are not showing continued growth nor showing total dominance. But the possible surprise here is that this depends upon the state of just how bad things get in the economy and also upon several factors which might be outside of its control.First, it now has an i...
The enormous rise in prices which ended in year 2000 was a Mania, a Stocks Mania. The first move down after the end of the Stocks Mania marked the beginning of a new major trend, a downtrend this time, which has many months – perhaps extending into years - yet to run. That first move down ended with the 2002 lows. The subsequent high which ended in October 2007 was the first bounce in the...
J.P. Morgan analyst Paul Coster today trimmed his profit forecasts for Research In Motion (RIMM) to reflect his view that “consumer and enterprise sales will be slower than originally forecast, owing to a global economic downturn.” Nonetheless, he says the stock is still too cheap, and repeats his Overweight rating. Coster still sees the company posting results for the fiscal third ...
From the WSJ:Grim economic data Monday showed more pain for U.S. manufacturing and construction.The Institute for Supply Management, a key measure of U.S. manufacturing activity, said its overall index for last month moved to 36.2 from 38.9 in October and 43.5 in September. November's reading was the weakest since May 1982.Cliff Waldman, an economist for the Manufacturers Alliance/MAPI trade gr...