Gold and oil off in morning futures trading. Alcoa, traditionally the first major company to report quarterly earnings, announces after the close. This could set the tone for this earnings season. Palm is up, again, in pre-market so I my have to pay up. Hate …
Asia is down modestly. Still think the trend is up in US. At least until the first earnings reports come out. Palm introduced the new Pre phone at Consumer Electronics Show, in Vegas. The stock reacted by rising 91% in two days. Within five years …
In today’s Trader section of Barron’s Sandra Ward discusses FTI Consulting (FCN) and makes a case for the company. Quoted is our son:”Tobey Sommer, an analyst at SunTrust Robinson Humphrey, also sees opportunities for FTI’s recently acquired real-estate practice “to assist builders in deciding whether …
It seems everyone is moving to yield. Am wondering if this is the safer route for prognosticors or if they really believe one will do better with a high yield portfolio than a growth portfolio. Using ETFs here is a yield oriented lazy portfolio There …
The employment number was better than suggested yesterday. Still, over two million are out of work and the average work week has dropped to 33.3 hours. Employers seem to be cutting hours prior to dismissing employee. This would indicate that higher unemployment is coming. One …
Early Asian trading is modestly positive. Chevron has said it will have a rough fourth quarter, hard to believe. But that will make news in the morning. Citi’s mortgage agreement with Congress is intriguing and will also be front page stuff. This could be really …
The skeletons from Bernie’s fraud keep popping up. At least two suicides can be attributed to the scheme. Pension and private funds from around the world have been devastated with little hope of recovery. As I said in an earlier piece I feel this event …
The market was almost even as Obama began his speech. This could not have been a bigger downer. He raised the specter of double digit unemployment, multi-year recession and trillion dollar deficit—–all for years, not just this year. Nothing new, really with this talk or …
We have gone from overbought to oversold. But the market doesn’t read charts. Wal-Mart was the crusher in this morning’s news. Last year’s darling reported ugly revenues so the stock is down 10% in pre-market. 10%! You cannot ignore the horrendous earnings from retailers. There …
Asia is down 2%+. Tomorrow is the fifth trading day of the year. Lots of folks look at the first days of January as predictive of the year’s performance. Should we close down it would not be constructive. A lower close tomorrow would be a …