BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: Unemployment must not be relevant (GE, ACOM, FNM, ZIOP, MOT, NVDA)]]>http://www.bloggingstocks.com/2009/11/06/closing-bell-unemployment-must-not-be-relevant-ge-acom-fnm/http://www.bloggingstocks.com/2009/11/06/closing-bell-unemployment-must-not-be-relevant-ge-acom-fnm/http://www.bloggingstocks.com/2009/11/06/closing-bell-unemployment-must-not-be-relevant-ge-acom-fnm/#commentsFiled under: , ,

Today was a surprise considering the news. There was not great economic news to hang on, particularly considering that the 10.2% unemployment was the worst reading since 1983. As the market did not crater and as it went positive throughout the day, it almost felt as though the 10.2% of the officially unemployed don't matter to the economy as everyone keeps noting the 'lagging indicator' effect. Still, stocks held their own for most of the day and where the real direction for the end of the day bells felt uncertain until the end of the day.

Here are today's unofficial closing bell levels:

Dow 10,023.19 +17.23 (0.17%)
S&P 500 1,069.30 +2.67 (0.25%)
Nasdaq 2,112.44 +7.12 (0.34%)

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Continue reading Closing Bell: Unemployment must not be relevant (GE, ACOM, FNM, ZIOP, MOT, NVDA)

Closing Bell: Unemployment must not be relevant (GE, ACOM, FNM, ZIOP, MOT, NVDA) originally appeared on BloggingStocks on Fri, 06 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ACOMfeaturedFNMGEMOTNVDAZIOPFri, 06 Nov 2009 16:00:00 EST<![CDATA[Cramer on BloggingStocks: Standing firm but alone on housing ]]>http://www.bloggingstocks.com/2009/11/06/cramer-on-bloggingstocks-standing-firm-but-alone-on-housing/http://www.bloggingstocks.com/2009/11/06/cramer-on-bloggingstocks-standing-firm-but-alone-on-housing/http://www.bloggingstocks.com/2009/11/06/cramer-on-bloggingstocks-standing-firm-but-alone-on-housing/#commentsFiled under: , , , ,

TheStreet.com's Jim Cramer says the bears simply won't hear the positives -- but he'll keep hammering them home.

Lots of things are coming together for housing, but nobody seems to care. We had Wells Fargo (NYSE: WFC) (Cramer's Take) the other day offer attractive interest-only mortgage loans to those in trouble, a bet that eventually housing will go higher. We had Fannie (NYSE: FNM) (Cramer's Take) allow people in trouble to rent to stay in their homes, and the government is going to extend the tax credit for homebuyers and broaden it. Plus, mortgage rates went under 5% again.

But nobody cared. No one.

Continue reading Cramer on BloggingStocks: Standing firm but alone on housing

Cramer on BloggingStocks: Standing firm but alone on housing originally appeared on BloggingStocks on Fri, 06 Nov 2009 09:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfnmhousingjim cramerJimCramerwfcFri, 06 Nov 2009 09:20:00 EST<![CDATA[Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)]]>http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/#commentsFiled under: , , ,

Despite a cautious report from home builders and despite a low volume day, today marked a clear win for the S&P 5000 and for the DJIA. The S&P broke through 1,100 and the DJIA broke through 11,000. We also had two mergers this morning, and while small they are signs that companies are willing to merge once more.

Here were today's closing bell levels:

Dow 10,090.76 +94.85 (0.95%)
S&P 500 1,097.52 +9.84 (0.90%)
Nasdaq 2,175.83 +19.03 (0.88%)

Top 10 Analyst Calls
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Top Stock Rumors

Continue reading Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)

Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE) originally appeared on BloggingStocks on Mon, 19 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>carl icahnCarlIcahncomplete response letterCompleteResponseLetterfdaFREIPCSosteoporosisproliaMon, 19 Oct 2009 16:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....]]>http://www.bloggingstocks.com/2009/10/19/analyst-upgrades-downgrades-and-initiations-axp-hal-el-mat/http://www.bloggingstocks.com/2009/10/19/analyst-upgrades-downgrades-and-initiations-axp-hal-el-mat/http://www.bloggingstocks.com/2009/10/19/analyst-upgrades-downgrades-and-initiations-axp-hal-el-mat/#commentsFiled under: , , , , , , , , , , ,

Analyst upgrades:
  • American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
  • RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
  • Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
  • Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
  • Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
  • Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
  • China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT.... originally appeared on BloggingStocks on Mon, 19 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acnaxpcaascatcfndedksdoxelffchfnmfrehaljoygluvmarvlmatprxsohusonspwraMon, 19 Oct 2009 12:50:00 EST<![CDATA[Cramer on BloggingStocks: Here comes the death of the bearish funds ]]>http://www.bloggingstocks.com/2009/09/30/cramer-on-bloggingstocks-here-comes-the-death-of-the-bearish-fu/http://www.bloggingstocks.com/2009/09/30/cramer-on-bloggingstocks-here-comes-the-death-of-the-bearish-fu/http://www.bloggingstocks.com/2009/09/30/cramer-on-bloggingstocks-here-comes-the-death-of-the-bearish-fu/#commentsFiled under: , , , , , , , ,

TheStreet.com's Jim Cramer says this year will see the mirror image of last year, when redemptions ended the game for many managers.

One year ago today, a quarter ended that put hundreds of bullish hedge funds out of business. Today, a quarter ends that will put hundreds of bearish hedge funds out of business.

Oh, sure, last year some of the bulls were able to stumble through the fourth quarter, but October was a horror show and they ended up getting huge redemption letters and spending the rest of 2008 selling into the strength of the rally to return capital to investors and lock in losses.

Continue reading Cramer on BloggingStocks: Here comes the death of the bearish funds

Cramer on BloggingStocks: Here comes the death of the bearish funds originally appeared on BloggingStocks on Wed, 30 Sep 2009 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfrejim cramerJimCramermtgWed, 30 Sep 2009 09:50:00 EST<![CDATA[Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? ]]>http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/#commentsFiled under: , , , , , , , , , ,

TheStreet.com's Jim Cramer says everyone in the trenches knows we're better off now -- only the academics disagree.

Am I nuts, or am I missing something? One year after the financial system was brought to its knees, we are back in the mid-9000s and we have taken off the table massive bank risk and are well on our way to recovery.

I keep listening to people like Nobel Prize winner Joseph Stiglitz say the banking system is worse off now and I say to myself, "That's just stupid and wrong and anti-empirical and actually just silly." Anyone who knows what's really going on has to feel this way. And where was Stiglitz when some of us were running around trying to save things?

Continue reading Cramer on BloggingStocks: Worse after Lehman? Are you kidding me?

Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? originally appeared on BloggingStocks on Mon, 14 Sep 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>corsfeaturedfitbfrehbanjim cramerJimCramerlehman brothersLehmanBrotherszionMon, 14 Sep 2009 10:00:00 EST<![CDATA[Closing Bell: The close of the week that wouldn't end (AAPL, ARRY, FNM, TIVO)]]>http://www.bloggingstocks.com/2009/09/04/closing-bell-the-close-of-the-week-that-wouldnt-end-aapl-arr/http://www.bloggingstocks.com/2009/09/04/closing-bell-the-close-of-the-week-that-wouldnt-end-aapl-arr/http://www.bloggingstocks.com/2009/09/04/closing-bell-the-close-of-the-week-that-wouldnt-end-aapl-arr/#commentsFiled under: ,

Well, 9.7% unemployment did not create a ridiculous trading volume day, even though it felt as though the entire trading universe awaited the 4:00 closing bell for the long weekend.

Here are today's unofficial closing bell levels:

Dow 9,440.66 +96.05 (1.03%)
S&P 500 1,016.32 +13.08 (1.30%)
Nasdaq 2,018.78 +35.58 (1.79%)

Top Analyst Upgrades and Downgrades
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Continue reading Closing Bell: The close of the week that wouldn't end (AAPL, ARRY, FNM, TIVO)

Closing Bell: The close of the week that wouldn't end (AAPL, ARRY, FNM, TIVO) originally appeared on BloggingStocks on Fri, 04 Sep 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ARRYbeatlesfeaturedrheumatoid arthritisRheumatoidArthritisTIVOFri, 04 Sep 2009 16:00:00 EST<![CDATA[Fannie Mae, Freddie Mac plunge on MBA's proposed overhaul]]>http://www.bloggingstocks.com/2009/09/02/fannie-mae-freddie-mac-plunge-on-mbas-proposed-overhaul/http://www.bloggingstocks.com/2009/09/02/fannie-mae-freddie-mac-plunge-on-mbas-proposed-overhaul/http://www.bloggingstocks.com/2009/09/02/fannie-mae-freddie-mac-plunge-on-mbas-proposed-overhaul/#commentsFiled under: , ,

If you're wondering why Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have been bombarded by selling pressure today, look no further than this Wall Street Journal article (subscription required). The newspaper reports that the Mortgage Bankers Association (MBA) is pushing for the government to split up Fannie and Freddie "into several smaller privately held companies that would issue mortgage related securities carrying an explicit government guarantee."

Under the terms of the proposal, Fannie and Freddie's offspring would no longer be permitted to sit on massive mortgage portfolios. Additionally, all mortgage-backed securities created by the duo would be backed by a federal insurance fund, replacing the rather abstract implied government guarantee that's currently in place.

Continue reading Fannie Mae, Freddie Mac plunge on MBA's proposed overhaul

Fannie Mae, Freddie Mac plunge on MBA's proposed overhaul originally appeared on BloggingStocks on Wed, 02 Sep 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fannie MaeFNMFREFreddie MacinthenewsJohn CoursonMBAMichael BermanMortgage Bankers AssociationoptionsWed, 02 Sep 2009 12:00:00 EST<![CDATA[Closing Bell: Shanghai surprise stomps bulls (AIG, FNM, SVA, MVL, DIS, MS)]]>http://www.bloggingstocks.com/2009/08/31/closing-bell-shanghai-surprise-stomps-bulls-aig-fnm-sva-mvl/http://www.bloggingstocks.com/2009/08/31/closing-bell-shanghai-surprise-stomps-bulls-aig-fnm-sva-mvl/http://www.bloggingstocks.com/2009/08/31/closing-bell-shanghai-surprise-stomps-bulls-aig-fnm-sva-mvl/#commentsFiled under: , , , ,

Today's growth being seen in Chicago Purchasing Managers was totally dwarfed by what is still an overbought US stock market. Another big drop in Shanghai and a drop in other major overseas stock markets sealed the fate today. The bears scored another win, but this is just a 'day-two' victory after literally eight or nine days of straight DJIA wins....

Here are today's unofficial closing bell levels:

Dow 9,498.93 -45.27 (-0.47%)
S&P 500 1,020.76 -8.17 (-0.79%)
Nasdaq 2,009.06 -19.71 (-0.97%)

Top Analyst Upgrades
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Continue reading Closing Bell: Shanghai surprise stomps bulls (AIG, FNM, SVA, MVL, DIS, MS)

Closing Bell: Shanghai surprise stomps bulls (AIG, FNM, SVA, MVL, DIS, MS) originally appeared on BloggingStocks on Mon, 31 Aug 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chicago purchasing managersChicagoPurchasingManagersoverseas stock marketsOverseasStockMarketsshanghaiMon, 31 Aug 2009 16:00:00 EST<![CDATA[Cramer on BloggingStocks: Reasonable speculation]]>http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer says the bizarre rules these days make it worth looking at stocks through a different lens.

How much should we care about low-dollar speculation? How much should we care about the incessant trading in CIT (NYSE: CIT) (Cramer's Take) and Fannie Mae (NYSE: FNM) (Cramer's Take), Alcatel-Lucent (NYSE: ALU) (Cramer's Take), or Vonage (NYSE: VG) (Cramer's Take) and Sprint (NYSE: S) (Cramer's Take)? Or even Citigroup (NYSE: C) (Cramer's Take)?

First, I have to tell you that I worry about it less than I used to. Why? Because when we used to have rules and government officials that were willing to speak the truth about stocks, we wouldn't have these single-digit players out there every day. But without it, how in heck can people not believe that Fannie and Freddie Mac (NYSE: FRE) (Cramer's Take) are the biggest and best bets on a turn in housing?

Continue reading Cramer on BloggingStocks: Reasonable speculation

Cramer on BloggingStocks: Reasonable speculation originally appeared on BloggingStocks on Thu, 27 Aug 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAlcatel-LucentALUCITCitigroupDoug KassFannie MaeFannieMaefeaturedFNMFREFreddie MacRobert BenmoschespeculationSprintVGVonageThu, 27 Aug 2009 09:30:00 EST<![CDATA[Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE)]]>http://www.bloggingstocks.com/2009/08/21/closing-bell-bear-burgers-for-all-stp-t-intu-crm-fnm-f/http://www.bloggingstocks.com/2009/08/21/closing-bell-bear-burgers-for-all-stp-t-intu-crm-fnm-f/http://www.bloggingstocks.com/2009/08/21/closing-bell-bear-burgers-for-all-stp-t-intu-crm-fnm-f/#commentsFiled under: , , , ,

Today was an options expiration date, and the stocks closed higher. We had strength early on from Europe, but then some very surprisingly good housing data caused added cheer. The data was taken as permanent, but much still points toward the bump up being temporary. Even a negative call for 222 more bank closures by Meredith Whitney failed to jolt the markets.

Here were today's unofficial closing bell levels:

Dow 9,502.33 +152.28 (1.63%)
S&P 500 1,025.68 +18.31 (1.82%)
Nasdaq 2,020.36 +31.14 (1.57%)

Continue reading Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE)

Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE) originally appeared on BloggingStocks on Fri, 21 Aug 2009 16:09:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank closingseuropean stocksFREhousing dataoptions expiration dateFri, 21 Aug 2009 16:09:00 EST<![CDATA[Cramer on BloggingStocks: From froth to investible ]]>http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer says many stocks, considered frothy at one time, have turned into good turnaround stories.

Here's still one more version of a short-seller's nightmare. What happens when froth turns to investible? What happens when you see behavior that clearly indicates froth and then, somehow, the fundamentals change, and the stock takes off?

We have seen that recently in so many situations that it is pretty dazzling. It was one thing to see Genworth (NYSE: GNW) (Cramer's Take) back from the dead on its own.

Continue reading Cramer on BloggingStocks: From froth to investible

Cramer on BloggingStocks: From froth to investible originally appeared on BloggingStocks on Tue, 11 Aug 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aigcitetfcfeaturedfitbfnmfregnwhbanjim cramerJimCramerkeyrfzionTue, 11 Aug 2009 10:10:00 EST<![CDATA[Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT)]]>http://www.bloggingstocks.com/2009/08/10/closing-bell-selling-for-sellings-sake-logm-amr-cvx-fre-f/http://www.bloggingstocks.com/2009/08/10/closing-bell-selling-for-sellings-sake-logm-amr-cvx-fre-f/http://www.bloggingstocks.com/2009/08/10/closing-bell-selling-for-sellings-sake-logm-amr-cvx-fre-f/#commentsFiled under: , , ,

Today was one of those Monday trading session that had no real direction and no real data to digest on a macro basis. So traders decided to lighten up after the big runs we have seen, particularly after four weeks of the markets rallying. There is also probably a sense of locking in some gains in case the two day FOMC meeting this week starts to take on a less free-money tone. Here were today's unofficial closing bell levels:
DJIA: 9337.18(-0.34%)
S&P500: 1005.89 (-0.46%)
NASDAQ:1992.24(-0.40%)

Top Analyst Calls:

LogMeIn Inc. (NASDAQ: LOGM) saw its quiet period end after its July 1 IPO date. Most analysts gave it a positive outlook and favorable rating, yet shares were down over 6% at $16.80 very late in the trading session.

AMR Corp. (NYSE: AMR) was weak all day. The parent of American Airlines may have more regulatory reviews as it and British Air will have to face a review over the Oneworld Alliance in antitrust matters at a joint hearing next month. Shares were down 4% at $5.71 in the final minutes of the day.

Continue reading Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT)

Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT) originally appeared on BloggingStocks on Mon, 10 Aug 2009 16:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>amrcvxfnmFRELOGMmsftMon, 10 Aug 2009 16:05:00 EST<![CDATA[Barney Frank encourages Fannie, Freddie to relax lending standards]]>http://www.bloggingstocks.com/2009/06/22/barney-frank-encourages-fannie-freddie-to-relax-lending-standar/http://www.bloggingstocks.com/2009/06/22/barney-frank-encourages-fannie-freddie-to-relax-lending-standar/http://www.bloggingstocks.com/2009/06/22/barney-frank-encourages-fannie-freddie-to-relax-lending-standar/#commentsFiled under: , ,

Outspoken congressman Barney Frank has no shortage of critics, and they're sure to be out in force today. This morning, The Wall Street Journal reported that the chairman of the House Financial Services Committee, along with his colleague Anthony Weiner, is actually recommending that Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) relax their lending standards on condominiums.

The controversial request follows a decision by both Fannie and Freddie to tighten mortgage-lending standards for condos. In March, Fannie said it would no longer guarantee mortgages on condos in buildings where fewer than 70% of units have been rented, up from its previous benchmark of 51%. Freddie is due to implement similar measures in July. In a letter to the CEOs of both mortgage lenders, Reps. Frank and Weiner expressed their concerns that the higher standard "may be too onerous," and asked the lenders to "make appropriate adjustments" to their approach.

Continue reading Barney Frank encourages Fannie, Freddie to relax lending standards

Barney Frank encourages Fannie, Freddie to relax lending standards originally appeared on BloggingStocks on Mon, 22 Jun 2009 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Anthony WeinerBarney FrankcondocondominiumFannie MaeFNMFREFreddie Macinthenewslending standardsmortgageMon, 22 Jun 2009 10:40:00 EST<![CDATA[How do hedge funds differ from mutual funds?]]>http://www.bloggingstocks.com/2009/06/12/how-do-hedge-funds-differ-from-mutual-funds/http://www.bloggingstocks.com/2009/06/12/how-do-hedge-funds-differ-from-mutual-funds/http://www.bloggingstocks.com/2009/06/12/how-do-hedge-funds-differ-from-mutual-funds/#commentsFiled under: , , , , , , ,

Has your broker repeatedly sold you on the "safe" investment vehicle, the mutual fund? Investing in a wide variety of prominent companies, with solid, long-term track records, mutual funds have been an easy-to-understand and popular investment choice for decades.

Mutual funds are hugely diversified, holding large stakes in recognizable names such as Google (NASDAQ: GOOG), Citigroup (NYSE: C), Walmart (NYSE: WMT), Starbucks (NASDAQ: SBUX), General Electric (NYSE: GE), Bank of America (NYSE: BAC), and Fannie Mae (NYSE: FNM).

Continue reading How do hedge funds differ from mutual funds?

How do hedge funds differ from mutual funds? originally appeared on BloggingStocks on Fri, 12 Jun 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>alternative investmentsEric Jacksonfeaturedhedge fundsHedgeFundBlogger.cominvestment fundsmutual fundsRichard Wilsonshort sellingFri, 12 Jun 2009 13:00:00 EST<![CDATA[Cramer on BloggingStocks: Rolling back the clock ]]>http://www.bloggingstocks.com/2009/06/10/cramer-on-bloggingstocks-rolling-back-the-clock/http://www.bloggingstocks.com/2009/06/10/cramer-on-bloggingstocks-rolling-back-the-clock/http://www.bloggingstocks.com/2009/06/10/cramer-on-bloggingstocks-rolling-back-the-clock/#commentsFiled under: , , , , ,

TheStreet.com's Jim Cramer says we're trying to repeal what happened financially last year. Will it lead to strength industrially?

How low were we really? What was the real baseline pre-Lehman Brothers? What was going on in the country and the world before that financial atomic bomb dropped?

I struggle over that now, about what the true price of copper should be, about what the true price of oil should be, about the price of steel, all kinds of things. I try to figure out what the prices for everything were going to be before Lehman.

Continue reading Cramer on BloggingStocks: Rolling back the clock

Cramer on BloggingStocks: Rolling back the clock originally appeared on BloggingStocks on Wed, 10 Jun 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aigfeaturedfnmfregmgmqgnjim cramerJimCramerWed, 10 Jun 2009 10:00:00 EST<![CDATA[The 'big picture' of our economy]]>http://www.bloggingstocks.com/2009/06/08/the-big-picture-of-our-economy/http://www.bloggingstocks.com/2009/06/08/the-big-picture-of-our-economy/http://www.bloggingstocks.com/2009/06/08/the-big-picture-of-our-economy/#commentsFiled under: , , , , ,

In celebration of Barry Ritholtz's critically-acclaimed new book Bailout Nation, he held The Big Picture Conference, which I was fortunate to attend.

Here are the main points from the most reputable speakers, Congressman Alan Grayson, Nassim Taleb, Doug Kass, and Josh Rosner.

Florida Congressman Alan Grayson discussed how systemic risk is an excuse for socialism and that interconnectedness is the main reason that these institutions are "too big to fail." In fact, these institutions no longer hold social or economic purpose, they are simply too big to exist.

Continue reading The 'big picture' of our economy

The 'big picture' of our economy originally appeared on BloggingStocks on Mon, 08 Jun 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alan GraysonBailout NationBarry RitholtzBig Picture ConferenceBlack SwanDoug KassFannie MaefeaturedFNMFREFreddie MacJosh RosnerNassim TalebTimothy GeithnerMon, 08 Jun 2009 14:00:00 EST<![CDATA[Closing Bell: When confidence trumps housing (FSLR, CSIQ, FRE, GE, GM, MSFT)]]>http://www.bloggingstocks.com/2009/05/26/closing-bell-when-confidence-trumps-housing-fslr-csiq-fre-g/http://www.bloggingstocks.com/2009/05/26/closing-bell-when-confidence-trumps-housing-fslr-csiq-fre-g/http://www.bloggingstocks.com/2009/05/26/closing-bell-when-confidence-trumps-housing-fslr-csiq-fre-g/#commentsFiled under: , , ,

All in all, this was actually a light day on the news flow for major stocks. Today's dismal Case-Shiller data for a record drop in housing prices was trumped completely by a surge in consumer confidence this morning. The notion that North Korea did a nuclear bomb test was only important for discussions during the very early morning, but slowly faded thereafter.

Here are today's unofficial closing bell levels:

Dow 8,473.49 +196.17 (2.37%)
S&P 500 910.31 +23.31 (2.63%)
Nasdaq 1,750.43 +58.42 (3.45%)

Top 10 Analyst Calls

Continue reading Closing Bell: When confidence trumps housing (FSLR, CSIQ, FRE, GE, GM, MSFT)

Closing Bell: When confidence trumps housing (FSLR, CSIQ, FRE, GE, GM, MSFT) originally appeared on BloggingStocks on Tue, 26 May 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CSIQFREFSLRTue, 26 May 2009 16:00:00 EST<![CDATA[Fannie Mae needs another $19 billion driving its net worth below 0]]>http://www.bloggingstocks.com/2009/05/08/fannie-mae-needs-another-19-billion-dollars-driving-its-net-wor/http://www.bloggingstocks.com/2009/05/08/fannie-mae-needs-another-19-billion-dollars-driving-its-net-wor/http://www.bloggingstocks.com/2009/05/08/fannie-mae-needs-another-19-billion-dollars-driving-its-net-wor/#commentsFiled under: , , ,

Let's look at the numbers. Fannie Mae needs $19 billion. Match this against a loss of $23.2 billion and you have a net worth below zero.

That's not the end of it. Fannie Mae (NYSE: FNM)is expected to need more money going forward, drawing on the government to supply the funds. Now some of this has been brought on by the government itself when it made Fannie program administrator for the government's housing market rescue.

Fannie suffered a net loss of $4.09 per share, which forced it to draw upon a $200 billion federal lifeline which was established for Fannie and Freddie.

Continue reading Fannie Mae needs another $19 billion driving its net worth below 0

Fannie Mae needs another $19 billion driving its net worth below 0 originally appeared on BloggingStocks on Fri, 08 May 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Fannie losses postedFannieLossesPostedfnminthenewsFri, 08 May 2009 17:00:00 EST<![CDATA[Closing Bell: Directionless market, but directed stocks (BA, CAL, COF, FRE, WFC, OSTK)]]>http://www.bloggingstocks.com/2009/04/22/closing-bell-directionless-market-but-directed-stocks-ba-cal/http://www.bloggingstocks.com/2009/04/22/closing-bell-directionless-market-but-directed-stocks-ba-cal/http://www.bloggingstocks.com/2009/04/22/closing-bell-directionless-market-but-directed-stocks-ba-cal/#commentsFiled under: , , ,

Despite the market being up the last hour, today's stock market made six changes between being up and down. Oil inventories continued their building to record or near-record levels. It was very light on the economic calendar today so traders had to use the cumulative earnings as the directional report. Even very weak global recovery targets from the IMF were ignored.

Here are today's unofficial closing bell levels:

Dow 7,886.41 -83.15 (-1.04%)
S&P 500 843.56 -6.52 (-0.77%)
Nasdaq 1,645.85 +2.00 (0.12%)

Top Analyst Upgrades
Top Analyst Downgrades

Continue reading Closing Bell: Directionless market, but directed stocks (BA, CAL, COF, FRE, WFC, OSTK)

Closing Bell: Directionless market, but directed stocks (BA, CAL, COF, FRE, WFC, OSTK) originally appeared on BloggingStocks on Wed, 22 Apr 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>COFfeaturedFREfreddie macFreddieMacIMFoilOSTKWed, 22 Apr 2009 16:15:00 EST