Archive for September, 2007
Friday, September 28th, 2007
When you begin investing, you'll hear the term money management mentioned often. So at first the concept might seem a bit strange to you. But there's nothing particularly upsetting about doing proper money management. In fact, there are quite a few people who think that money management ...
Posted in Stock Investing Principles | No Comments »
Thursday, September 27th, 2007
New home sales have hit a 7 year low. That's the bad news. The good news is that the economy has grown at the fastest rate in years, despite the slump in the housing market.
Posted in Market Commentary | No Comments »
Wednesday, September 26th, 2007
A strike at General Motors could have hurt the entire economy, so the fact the two settled seems to have pumped up a investors. The company and the auto worker's union looked like they were out of steam until they managed to settle their differences and get back to ...
Posted in Market Commentary | No Comments »
Tuesday, September 25th, 2007
From the "Department of the Obvious": a prolonged strike at General Motors lasting more than a few weeks could really hurt the company an easily cost them billions.
GM had about a 65-day supply of cars and trucks as September began, versus a 71-day supply at the same time ...
Posted in Stock Highlight | No Comments »
Monday, September 24th, 2007
The UAW has called for the first nationwide strike against General Motors since 1976, after negotiations between them and the company broke down. The big issue for the UAW was one of "job security, which GM would not commit to.
Posted in Market Commentary | No Comments »
Wednesday, September 19th, 2007
The recent cut in the Federal Funds Rate yesterday has inspired a ton of confidence in the stock market. The Dow Jones is up 7.6% since it closed at 13,000 one month ago.
The S&P 500 is only 25 points away from its record close, set on July 19.
Breadth was ...
Posted in Market Commentary | 1 Comment »
Tuesday, September 18th, 2007
Everyone and their grandmother is expecting the Fed to cut the Federal Funds Rate, in the hopes it will jumpstart the sputtering economy. As the subprime mortgage debacle grew, Fed insiders have went from worrying about inflation to trying to stave off a recession.
Posted in Market Commentary | No Comments »
Wednesday, September 12th, 2007
Oil has been rising steadily, even hitting a record $80 per barrel today, and that's creating all kinds of effects in the currency exchange markets. The Canadian dollar rose to new highs today on the news of soaring oil.
Figures released this afternoon from the US Energy Information Administration ...
Posted in Investing | No Comments »
Monday, September 10th, 2007
Two more major lenders are worried that the credit woes that continue to plague the financial services industry might take a bite out of their earnings. Wachovia and WaMu, which are two of the nation's largest lenders, are concerned about losses related to crumbling credit conditions, due to consumers ...
Posted in Stock Highlight | No Comments »
Wednesday, September 5th, 2007
After the boom comes the bust. That's the phase we're in right now when it comes to new home sales. For years homes were being built and at a pace that seemingly couldn't be satisfied. Now there's a glut of homes and nary a buyer in sight. ...
Posted in Market Commentary | No Comments »
