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Bear Bait

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  • Initial Jobless Claims: +12K to 500K vs. 480K consensus, climbing to the highest level in nine months. Continuing claims -13K to 4,478,000.  [View news story]
    Premarket Spy has kinda shrugged off the employment numbers and has bounced back to approximately yesterday's close. But, at nine thirty when the buzzer sounds and the real game begins, we'll see if the bounce continues.
    Aug 19 09:08 AM | 2 Likes Like |Link to Comment
  • A provision in the new financial reform law is switching oversight of around 4,000 hedge funds to individual states instead of the SEC. The move will likely overwhelm the oversight capabilities of many states which are already short on budget and manpower.  [View news story]
    I'm wondering what other little goodies are in the financial reform bill? Another good reason to vote the Bums out of office. I'm not talking about voting one party or the other out. I'm talking about voting both or them out and starting fresh.
    Aug 19 08:27 AM | 1 Like Like |Link to Comment
  • Deere (DE): FQ3 EPS of $1.44 beats by $0.22. Revenue of $6.22B (+17.8%) vs. $6.50B. (PR)  [View news story]
    I'm in agreement for the most part. But, the Govt doesn't make the decision on where those subsidies are spent just as the Govt doesn't make the decision on where corporate or personal tax breaks are spent. With or without subsidies, if it's a bad year the farmer isn't going to make money. If it's a bad year, he pulls maintainance on the old tractor instead of spending a couple hundred thousand on a new one. Govt subsidies only make good years better and bad years not quite as bad.

    Sorry B'dog, I just don't think you know what you're talking bout!
    Aug 18 01:27 PM | Likes Like |Link to Comment
  • Deere (DE): FQ3 EPS of $1.44 beats by $0.22. Revenue of $6.22B (+17.8%) vs. $6.50B. (PR)  [View news story]
    My son is deep into AG. Which means that; that and a 5 dollar bill might get you a cup of coffee at Starbucks. But, most times farmers like other businesses wait until after the big selling season (fall harvest) to make tax related "big" purchases. I'm very much aware of futures. But what do you do if you have contracted to sell X bushels of corn and you have a bad harvest and you only have X-Y bushels to sell.
    Aug 18 08:34 AM | 1 Like Like |Link to Comment
  • Barron's Picks: Sure, Wal-Mart (WMT) is "an obvious choice in an uncertain economy rife with price-sensitive consumers," but its stock could stagnate or drift lower as the retailer faces competition from the likes of TGT, AMZN, grocers, dollar-stores, etc. with little room left to keep cutting prices. (WMT's Q2 earnings)  [View news story]
    WMT has already said it will be raising prices with the discontinuance of the "Rollback". Some items I buy at WMT will undoubtedly be bought somewhere else. One of my concerns is that our local Walmart frequently has empty spaces on it's shelves. Is this bad local planning or something else?
    Aug 18 08:25 AM | Likes Like |Link to Comment
  • Deere (DE): FQ3 EPS of $1.44 beats by $0.22. Revenue of $6.22B (+17.8%) vs. $6.50B. (PR)  [View news story]
    I think you guys are making this to simple. The spike in wheat came to late to have an impact on this qtr. Besides, most US wheat had been harvested and sold by the Russian export ban. Why are shares down so hard premarket? A mistake in revenue (Ohrama) or is expected fall crop production down. Whatever it is, it took premarket Cat down with it.
    Aug 18 07:53 AM | 1 Like Like |Link to Comment
  • Toyota (TM) is analyzing the design and placement of its accelerator and brake pedals to see whether the current setup makes drivers more prone to hit the wrong one. The move comes after government studies appear to show most Toyotas involved in crashes were caused by the driver hitting the gas instead of the brake.  [View news story]
    based on your answer I'll take issue the "scholar" part of your name.
    Aug 17 03:27 PM | 1 Like Like |Link to Comment
  • Toyota (TM) is analyzing the design and placement of its accelerator and brake pedals to see whether the current setup makes drivers more prone to hit the wrong one. The move comes after government studies appear to show most Toyotas involved in crashes were caused by the driver hitting the gas instead of the brake.  [View news story]
    I have noticed that the brake pedal and gas pedal can sometimes be to close or the same height. I have on a couple of instances hit both the brake and the gas at the same time.
    Aug 17 03:26 PM | Likes Like |Link to Comment
  • We can get to full employment in one fell swoop: Cut everyone's pay 10%. Or maybe this suggestion: Give everyone that has a job a 10% raise and cut the pay of all federal government employees by 20%.  [View news story]
    I have a pension, but I could and can not even go to work for another company in the same industry and get another pension. Double dip is fine; but, you have to go outside the Govt to get the second one. I couldn't retire from Consol get rehired by Consol and earn a second pension. The time worked the second time accrues towards the first pension. Congress doesn'rt want to change the rules because they do it all the time! How much pay and benefits would you have if you were in control of the purse strings.
    Aug 16 07:20 PM | 2 Likes Like |Link to Comment
  • We can get to full employment in one fell swoop: Cut everyone's pay 10%. Or maybe this suggestion: Give everyone that has a job a 10% raise and cut the pay of all federal government employees by 20%.  [View news story]
    partially in agreement
    Aug 16 07:11 PM | 1 Like Like |Link to Comment
  • Oh, the humanity? The "Hindenburg Omen," a technical indicator that foreshadows not just a bear market but a stock market crash, is predicting a market meltdown in September. Time to get out of stocks, or just a good conspiracy theory?  [View news story]
    If you aren't filthy rich your theory isn't working.
    Aug 15 12:36 PM | 2 Likes Like |Link to Comment
  • BP (BP -1.7%) may not need a relief well to drill into the bottom of Macondo if tests show cement poured in from the top last week killed the leak, the main official overseeing the spill response says. "A bottom kill finishes this well. The question is, has it already been accomplished through the static kill?"  [View news story]
    Better safe than sorry! Then there is; a stitch in time saves nine. Or is it more dangerous to drill into that well again.
    Aug 13 09:25 AM | Likes Like |Link to Comment
  • Now individual investors just can't be trusted. The latest AAII sentiment survey has them changing their minds yet again, going 39.8% bullish and 30.1% bearish - the fifth such reversal in five weeks. (previously)  [View news story]
    The old joke is the way to tell if somone is lying is to check to see if their mouth is moving. I never trust any of these surveys. Actions speak louder than words!
    Aug 12 01:38 PM | Likes Like |Link to Comment
  • Caterpillar (CAT -1.4%) picks Victoria, Texas, for a new plant that will triple its U.S. hydraulic excavator capacity. The plant will break ground next month and start production in mid-2012.  [View news story]
    It could be. But, those jobs are better than no jobs..... In my hymble opinion of course.
    Aug 12 01:08 PM | 1 Like Like |Link to Comment
  • Caterpillar (CAT -1.4%) picks Victoria, Texas, for a new plant that will triple its U.S. hydraulic excavator capacity. The plant will break ground next month and start production in mid-2012.  [View news story]
    Truthfully, if I were to move, Texas would be at the top of my list possible locations.
    Aug 12 12:08 PM | 1 Like Like |Link to Comment
COMMENTS STATS
656 Comments
799 Likes