For the last few years, the annual Consumer Electronics Show in Las Vegas has kicked off the week’s festivities with a sort of mini-tradeshow known as CES Unveiled, a press event which features dramatically scaled down displays from a few dozens companies. This event - and similar ones held each of the next two nights - are a chance to see scads of products in a very short time frame. Tie...
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Filed under: Deals, Products and services, Industry, Consumer experience, Competitive strategy, Economic data, Personal financeAs everyone knows, the auto industry is on the skids. In December sales of cars and light trucks fell by 36% to 896,124 vehicles, with Chrysler down 53%, GM down 31% and Ford down 32%. Toyota, with sales also down, is suspending production in Japan for 11 days. The auto...
Support at 1150 for the emini nasdaq (@nq). The Index is testing the resistance at 1250. Many are betting on a failed breakout. Next resistance at 1400. I think the market will continue the rebound although general conditions remain pretty weak for the moment. Very interesting, most stocks are trading above their 50-day moving average. AKAM, AMGN, GOOG, JAVA, JNPR, RIMM, SBUX, TLAB have printed...
Economic Downturn Trading activity was sluggish today with light trading volume. Traders are making their way back into the markets after the recent holidays. Crude oil moved higher today as the Israeli attacks on Gaza continue. We hope our readers enjoyed a very happy holiday season with their family and loved ones. President-elect Barack Obama today commented that economic conditions are wors...
Unrelated and often random comments from the incoming Congress and administration are beginning to create a tapestry of remarkable pessimism and diminished hope. No one believes now that the economy can be fixed fairly quickly even with a new $750 billion bailout package. There was little reason to anticipate that this plan, designed to put hundreds of billions of dollars over two years into n...
Filed under: Forecasts, Politics, RecessionThe United States is preparing for a new year, and a new presidential administration -- one that has the potential to usher-in a rejuvenation of the U.S. economy, society, and culture, after nearly a decade of descent. Still, that's not to say measures should not be taken to keep the Obama Administration and the Democrats honest. Now yours truly is not...
Filed under: Forecasts, Other issues, Market matters, Money and Finance Today, Financial CrisisWhere do I turn next? The experts don't seem to have a clue about our economy and where it is headed. Well then, let's look at the stars. If you've never heard of such a thing, it sounds pretty crazy. But there is actually a community of investors out there that believes that reading the stars is the ...
Filed under: Forecasts, Other issues, Market matters, Money and Finance Today, Financial CrisisWhere do I turn next? The experts don't seem to have a clue about our economy and where it is headed. Well then, let's look at the stars. If you've never heard of such a thing, it sounds pretty crazy. But there is actually a community of investors out there that believes that reading the stars is the ...
I am still compiling results for my annual blog poll among all of the traders and portfolio managers I speak with. Right now, the consensus for 2009 is for the S&P 500 to achieve gains of roughly +12.7%. This is a little less bullish than the Big Money poll from Barron's, where the market strategists forecasts averaged +15.7%.I also want to include my readers, so please tell us where you st...
This buyout idea is ambition gone goofy.
