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youngman442002

youngman442002
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  • Monsanto (MON -4.2%), who today announced profits declined 14 percent, will cut 900 jobs in order to focus on its seed business.  [View news story]
    well if anyone is going to have green shoots it should be Monsanto...see ya 900 lost jobbers
    Jun 24 04:42 PM | Likes Like |Link to Comment
  • More on jump in chargeoffs: "As a reminder, the credit card indicative loss rates for the 'more adverse' stress test scenario were 18-20% over two years. That might have been a little optimistic. The baseline scenario was 12-17% over two years - way too low."  [View news story]
    They are already off 2% on their GDP projections....
    Jun 24 04:40 PM | Likes Like |Link to Comment
  • Durable Goods Orders: +1.8% in May vs. consensus of -0.5% and last month's +1.8% (revised). Net of transportation, +1.1% vs. last month's +0.8%.  [View news story]
    If you read the details its a pretty across the board gain.....not bad
    Jun 24 08:46 AM | Likes Like |Link to Comment
  • Citigroup (C) plans to raise base salaries as much as 50% to compensate for reduced bonuses, following similar moves by Morgan Stanley (MS) and UBS (UBS).  [View news story]
    nice job if you can get one...government guarantees your losses...
    Jun 24 08:14 AM | Likes Like |Link to Comment
  • In a report today, OECD warns the strains in pension systems could turn the current financial crisis into a social crisis lasting decades. Global pension plans shed a painful 23% of their value last year.  [View news story]
    Do I smell bailout number 37......?
    Jun 23 10:31 AM | Likes Like |Link to Comment
  • The outstanding inventory of homes for sale in the U.S. fell 3.5% from last month to 3.8M homes. That's 9.6 months' supply, vs. 10.1 months' in April. (NAR release (.pdf))  [View news story]
    time to raise the price on my house????
    Jun 23 10:19 AM | Likes Like |Link to Comment
  • Chain store sales fell 4.4% in the first three weeks of June vs. last month, Redbook says, worse than the -4.1% expected. According to ICSC, weekly sales were flat vs. last week, as the recession and bad weather continued to hurt June sales.  [View news story]
    green shoots everywhere...but hey..we still have our AAA rating....no sales..no tax revenue...unemployment over 10%....but we still are a great investment....LOL
    Jun 23 09:25 AM | Likes Like |Link to Comment
  • The White House is expected to announce this morning that Ford (F), Nissan (NSANY) and Tesla Motors are among the first recipients in a $25B loan program to help automakers retool their factories to produce more fuel-efficient models.  [View news story]
    They all have new Hybrid, PHEV, or EV´s that they want the government to finance..and we know Obama thinks these are great things....so print more money...
    Jun 23 08:36 AM | Likes Like |Link to Comment
  • The White House is expected to announce this morning that Ford (F), Nissan (NSANY) and Tesla Motors are among the first recipients in a $25B loan program to help automakers retool their factories to produce more fuel-efficient models.  [View news story]
    Is this a non bailout bailout????
    Jun 23 08:05 AM | Likes Like |Link to Comment
  • Smith & Wesson (SWHC): FQ4 EPS of $0.14 beats by $0.02. Revenue of $99.5M (+20%) vs. $97.8M. Shares +2.1% AH. (PR)  [View news story]
    Its the opposite of Obama´s civil service corp.....its the armed American Patriot corp....at least this stimilus is working
    Jun 22 06:09 PM | Likes Like |Link to Comment
  • Insiders exit shares at the fastest pace since the downturn. "If insiders are selling into the rally, that shows they don't expect their business to be able to support current stock-price levels."  [View news story]
    a telling sign that I believe in....shipping is another one...
    Jun 22 01:17 PM | Likes Like |Link to Comment
  • The Senate Banking Committee holds a hearing today on the $592T derivatives market, taking a second look at regulating the industry after choosing to forgo regulation nine years ago.  [View news story]
    Goldman Sachs had their bestt year ever...no need to regulate when you can get the government to bail you out...
    Jun 22 09:55 AM | Likes Like |Link to Comment
  • Philly Fed's Business Outlook: -2.2 up from -22.6 in May - the highest since Sep. 08, which was the only month out of the last 19 that the index was positive. Six-month outlook surged by 12.6 points to 60.1 - close to a 15-year high.  [View news story]
    I hope this is correct...but then you look at Fed Ex and they are way down.....???????
    Jun 18 10:29 AM | Likes Like |Link to Comment
  • Facing a growing block of delinquent debt and restrictive new legislation, credit card firms sent out just 500M credit card solicitations in Q1, a 49% drop from Q4 2008 and the fewest in any year since 2000.  [View news story]
    I kind of want to sign up and run them up and su bye bye...they will get bailed out by the feds so why can't I get my share...and don't tell me my credit will suffer....the guy with the bad credit got a better loan than I have ever recieved...and I have great credit..
    Jun 8 08:59 AM | Likes Like |Link to Comment
  • If Ara Hovnanian's (HOV) comments on yesterday's earnings call are to be believed, a housing-market recovery may be well underway, Jeff Matthews says. "It's been a few years since the word 'shortage' appeared in the same sentence as the word 'homes,' at least in America."  [View news story]
    Hmmmmm...he should know.....but then a again a drowning rat will say anything...I hope he is right as this economy will not get going again until the housing problem has ended
    Jun 4 09:25 AM | Likes Like |Link to Comment
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