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  • Closing Update for Thursday, Sept. 10: Rally Gets New Life [View article]
    I never ceased to be amazed by some of the upgrades. UAUA is seriously in debt. The Debt/Capital ratio is about 150%. The price of oil is going up. This cuts into United's profits (if they have any). The Swine Flu is about to hit very hard. People will be trying to avoid plane flights soon. Current predictions call for as many as 50% of the US population to get Swine Flu this season. The UK is already hard hit. Russia has issued an advisory against its citzens traveling to the UK. How can you upgrade UAUA to overweight?

    The USD weakness seems to be driving the US equities markets upward. Companies must look a lot cheaper to Europeans and Japanese these days. China is shopping also. There is resistance for the SPY at $105.30 approx. I have no idea when the market will stop. It is over valued by far, yet it keeps going up. Perhaps Friday will be the reversal day? Perhaps GS has everyone believing the markets will go up forever now? Insiders are selling. This is definitely looking like an over exuberant top. Yet again it keeps going.
    Sep 10 17:06 pm |Rating: +7 -2 |Link to Comment
  • Airline Industry Not Flying High [View article]
    In the news today, the number of US airline departures declined. Airline stocks were down on the news. Swine flu hasn't even hit in force yet.
    In reference to Swine Flu, only 45M swine flu vaccine doses will be ready for the US in October. They had expected 120M to be ready. This is bad news for the airlines.
    Aug 18 01:46 am |Rating: +1 0 |Link to Comment
  • Airline Industry Not Flying High [View article]
    Airlines got a little more bad news today when Chevy announced its mpg figure of 230mpg for the Volt. Chevy called this figure conservative. With this kind of gas mileage, a few more people will elect to drive to "closer" airline destinations.

    When a 1000 mile destination only takes 4 gallons of gasoline, it is hard to reconcile a $30 round trip tab vs. a $200+ round trip tab. If you bring other people in the car with you, the discrepancy is even greater.
    Aug 11 09:13 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Reuters:
    Moody's credit card charge off index rose to 10.76% in June.
    Moody's estimates that the credit card charge off rates will peak in mid 2010 at 12% to 13%. It estimates that the unemployment rate will in 2010 at 10% to 10.5%.
    Jul 22 14:39 pm |Rating: +2 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Some "Good News": Ford announced 14% y-o-y gains in car sales in China for the first 6 months of 2009. Total sales for that period were 197,212 units. China sales are only likely to grow in the near term.

    Ford also saw some increased profitability through Mazda (Changan Ford Mazda), which saw a 20% sales increase over the first 6 months of 2009.
    Jul 22 10:58 am |Rating: +3 0 |Link to Comment
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