jason at mktpost @mktpost
The five most important financial stories of the day mktpost.com New York, NY Joined February 2009-
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looking to get short for the first time in about 2 months.. should be interesting
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nice boost to bank stocks to kick the morning off..
Interesting numbers today.. home prices down 19% & ISM drops to 31.4 (from 34.2)
Back from a quick hiatus. Mulling the $GM situation and watching $C like a hawk. OECD sees double digit unemployment ahead..
Returns of up to 25% on the Geithner Plan? (via bloomberg) http://tinyurl.com/cl9a7r
Xerox ($XRX) warns profit will fall short. Look for lower open..
Bottom line today: Investors don't believe in the Fed
US consumer prices rise more than forecast. Sun ($JAVA) up 64% on talk that $IBM may acquire
volitile markets this am. Alcoa ($AA) cuts dividend, Meredith Whitney predicts banks miss earnings. Older interview: http://bit.ly/2ZS4om
Mixed news this am.. Barclays ($BAC) reports strong start to the year. U.S. industrial output slides..
breaking: $GE rating cut to AA-plus.. http://www.reuters.com/article/ousiv/idUSTRE52B3WY20090312
watching $FAS.. UBS comments not nearly as positive as $C
$C news pushes markets higher.. FDIC's Bair says bad assets plan can jump start economy
Futures point to a lower open for stocks and $SPY. Suggested read for the day.. The Economist: "What Went Wrong"
Anyone else looking for a minor rally next week? Interesting article from the AP "When economy bottoms out, how will we know?" $$
solid post from @behaviorgap here: http://tinyurl.com/bgc44j
Mixed news today. productivity & jobless claims both down. Wal-mart earnings better than expected. Nouriel Roubini thinks U.S. is insolvent
toyota ($TM) sales plunge record %40. obama housing plan unveiled. oil rises..
thursday edition up. top stories on $C $AIG. wondering how long this rally holds.. any thoughts??
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