Archive for the ‘News’ Category
Consumer Confidence Shows The Economy Sucks
In: News
29 Sep 2009How many people saw the immediate market reaction when the consumer confidence news came out? It was bad. I really thought it was going to be a bloody day. Big drop everywhere. The consumer confidence basically said what we all believe – the economy sucks. Everything is down, people’s interest in buying a new car [...]
Jobless Claims is Down
In: News
24 Sep 2009Even though the market dropped big today, we had at least this piece of “good” news information. Initial jobless claims has dropped now for the 3rd straight week to around 530,000. I guess this is “good” news because less people lost their jobs, but overall still bad in my opinion. That’s over half a million [...]
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- Tags: Losing Jobs
Apple (AAPL) – Buy Buy Buy?
In: News
16 Sep 2009For those of you who keep track of financial news after market hours the buzz last night and this morning has been all about Apple. What’s the buzz? There’s been news of some possible accounting rule changes that would benefit Apple for some time now, but what really put it under the spotlight is Mad Money’s [...]
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- Tags: Stocks
Jobless Claims
In: News
3 Sep 2009Initial jobless claims are down 4,000 to 570,000. This number should not be considered a positive at all. 570,000 people applying for unemployment benefits. Also, last week’s number was revised to 4,000 up to 574,000. So a total wash. In addition, continuing claims have risen to 92,000 to something above 6.2 million – that’s a lot [...]
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- Tags: Losing Jobs
China To Buy IMF Bonds
In: News
3 Sep 2009The International Monetary Fund has decided to issue about $50 billion worth of bonds and most of it will be purchased by China. This is interesting. The IMF has been primarily financed by its member countries and mostly by the U.S. till now. By buying IMF issued bonds, China is putting a significant investment in a [...]
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- Tags: China
August ADP Employment Report
In: News
2 Sep 2009ADP report shows job losses of just under 300,000 for the month of August. That’s 300k more Americans who have lost their jobs. It makes me sad that we’re still shedding jobs at such high numbers, but also thankful for not having numbers like those of earlier this year and end of last year. Need [...]
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- Tags: Losing Jobs
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