Well they tried... as they say over at Minyanville.com, the cancer just might be larger than the system - this is what seems to be happening. As we wrote Tuesday [S&P 500 Looks Ready to Bow Out] we were anticipating this and unlike last Thursday we would actually not be anticipating any turnaround and in fact be riding this leg down...I come from the school that the more times you test a le...
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What type of blogger am I? According to Typealyzer : I am ESTJ - The Guardians The organizing and efficient type. They are especially attuned to setting goals and managing available resources to get the job done. Once they´ve made up their mind on something, it can be quite difficult to convince otherwise. They listen to hard facts and can have a hard time accepting new or innovative ways of d...
The TIPs say deflation is coming and may stay around for a bit: Yet, if you believe the yields on US Treasury inflation protected bonds, or Tips, we shall have a 2.2 per cent fall in prices in 2009, a 2.5 per cent decline in 2010 and only flat prices in 2011. If that turns out to be true, the real interest rate burden on even the highest-rated borrowers will be extremely hard to bear.
From Vince Farrell at RealMoney: A report making the rounds today [Wednesday] detailed managers' Form 13-F filings. This report shows what managers own. Their holdings of U.S. stocks by and large plummeted. The decline in the size of the positions could be from market share losses or the sale of a position, or most likely, both.
I have been getting a bunch of emails lately about commodities. The following excerpt from Roubini's RGE Monitor was emailed to me yesterday:Today we turn our attention to commodities, which have been badly battered by the global financial crisis, deleveraging and a worsening economic outlook, with commodity indices having lost 50% of their value since the July peak. With the G10 in recession a...
Filed under: Wal-Mart (WMT), Best Buy (BBY), Costco Wholesale (COST), Economic data, RecessionElectronics giant Best Buy (NYSE: BBY) is not only suffering from the worst consumer holiday spending meltdown in years, but its beleaguered customer base is now fleeing to discount retailers like Wal-Mart (NYSE: WMT) and Costco (NASDAQ: COST). So it appears Best Buy is getting hit with a double whammy...
Filed under: Earnings reports, Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP)Increasing demand for solar energy and solar products proved to be a boon for Trina Solar Ltd. (NYSE: TSL) and LDK Solar Co. Ltd. (NYSE: LDK) as both companies reported Wednesday that their earnings soared in the third quarter. Investors were not impressed, however, pushing shares lower. Trina Solar, a maker of s...
Verifone (PAY) said its results for the fiscal fourth quarter ended October 31 were below its previous guidance. For the quarter, the electronic payments company now sees revenue of $244 million to $246 million, down from its previous guidance of $260 million to $268 million. The company now sees non-GAAP profits of 18-20 cents a share, down from 33-38 cents previously. CFO Robert Dykes said in...
Semtech (SMTC) this afternoon posted revenue for its fiscal third quarter ended October 31 of $79.7 million, roughly in line with the Street consensus at $79.3 million. Non-GAAP profits were in line at 24 cents a share. However, for Q4, the maker of analog and mixed-signal chips sees revenue of $64 million to $72 million, with non-GAAP EPS of 15-20 cents; that is short of the Street consensus a...
Filed under: Barrick Gold (ABX), Yamana Gold (AUY), Newmont Mining (NEM), ETF Investing, Goldcorp Inc (GG), Kinross Gold (KGC), BHP Billiton Ltd ADR (BHP), Anglo Amer ADR (AAUK)It seems that everywhere you turn you hear something about the price of gold, from analysts to commercials encouraging you to sell your old jewelry for big bucks. If you're tempted, how about a bit safer investment in th...