My tenure as King of the PG ends today, so I want to say a few words before I cede the throne to my successor.
First of all, kudos to The Fly for upgrading IBC and providing us with his high IQ market perspective and stock picks. His patience with the throng of internet leeches attests [...]
Update: The Red Sox beat the Jays 1-0, with a run in the bottom of the 9th. Fans witnessed a great pitching duel between Jon Lester and Roy Halladay.
(24-year old Jon Lester of the Boston Red Sox)
In other news, the Yankees lost to the Tigers 6-4. Oh, the joy….
Lots of talk about the Fed meeting today for their two-day session. The interest rate decision will be coming tomorrow at 2:15 ET. As you already know, it is widely expected that we will see a 25 bps rate cut, bringing Fed Funds down to 2.00%. That adds up to a 3.25% cumulative rate cut since September.
Expect [...]
…no, really.
Economic stimulus checks are being sent out to masses of the unwashed as well as the washed who follow this blog. Unfortunately, the government in their wisdom has chosen not to include me in their “scheme” to bolster our anemic economy. Their policy is that I must lose money (i.e., buy bank stocks) to [...]
Bought:
(ELNK: 8.31 +1.09%) at $9.05……………[STG $11; LTG $14]
Most of the tech names sold off near the close. This was one that didn’t. If you like to trade based on relative strength within a sector, this may be one to watch closer.
The stock is trading at just under 7x forward earnings.
Disclaimer: Like I said, I took a [...]
Kirk “Mr Automobile” Kerkorian has been at it all day. (F: 4.42 +1.38%) is looking to end the session on a positive note as “Kerk” is willing to buy up to 20 MM more shares. Senility setting in?
The (F: 4.42 +1.38%)-ing chart is starting to look interesting.
At his ripe old age, he shows no signs [...]
Stocks are consolidating recent gains. It was good to see the market hold up last week in spite of some negative numbers on new homes and consumer confidence. This is a healthy development.
What I don’t want to see is the market shoot it’s wad and go through the roof right now. It needs to take [...]
Phillips, Thomas, Manningham, Kehl, Goff, Woodson, Henderson. The G-Men got much needed help for the secondary, in Phillips and Thomas, and two solid linebackers in Kehl and Goff.
Like Toomer, Manningham is another Michigan WR. Manning to Manningham. Odd.
I like the film on Woodson, even though he is from Kaintucky.
Henderson will give additional sack-ability from DE.
It’s [...]
(Ass) Hatteras Financial (HTS), a mortgage REIT, is trying to raise cash on an IPO. Good timing. Appropriate, no?
Hattery have something to do with this?
(A: 34.73 -1.78%) (S: 8.51 -2.63%) (SHA: 7.88 0.00%)(HTS: 21.95 -0.95%)
