Finally, this crazy 1st quarter came to an end! The market was still very volatile today. Certain fast movers had pretty bigger swings. But, overall, the market managed to keep a positive tone. The financial sector recorded modest gains and was good for the market.
The Dow closed up +46.49 points; SPX […]
Submitted By Optiondragon
Silversun Pickups - Lazy Eye
From Briefing.com
According to Reuters, the Treasury Department will announce a proposed major overhaul of the US financial regulatory system.
The Wall Street Journal writes that Lehman (LEH) lost $350 million in a fraud and will sue Japanese company Marubeni.
The Wall Street Journal writes that US stock markets are doing […]
Submitted By Optiondragon
Right now the world is being increasingly split into two groups: Crackberry Users and iPhone Phanatics. These two companies are at the forefront of the wireless revolution and will maintain their positions for the foreseeable future due to innovation and consumer loyalty. RIMM and AAPL are locked in a battle […]
March 30, 2008 – 11:28 am
The market tried to rally early last week, but, was again held back by the financials. The 3 days of continuous slide in the financials sector brought the market’s rally to a halt, although we did see strength in pockets of different areas.
SPX
SPX fell 10.54 points to close at 1315.22. It closed at […]
Last weekend, I said,
“For the new week, I think the market is ready to bounce. What we need to see is a few days of continuous rally and see if the market can catch the daily upper BB. There will likely to be times when the market needs to vent, but breaking above the immediate […]
Submitted By Optiondragon
Lenny Kravitz - Are you Gonna go my way
From Briefing.com
According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete.
Reuters reports that JP Morgan (JPM) is trying to integrate Bear Stearns operations as they begin to […]
The GDP came in at 0.6, which matched the estimates. The market futures initially jumped when the GDP report came out, but, MER and UBS received lowered earnings outlook and soon started to put pressure on the financial sector. This weekend, in my Market Forecast, I said,
“The market has been under pressure for […]
Submitted By Optiondragon
The Beatles - Money
From Briefing.com
Oppenheimer Cuts More Financials (C)(JPM)(WB)(MER)(UBS)
A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS).
According to Reuters, MER and UBS “may suffer respective first-quarter write-downs of $6.03 billion […]
The market felt lethargic all day today. Durable goods data dropped and rekindled some worrying on the market. It made an attempt to rally back in the afternoon, but, still closed in the red. Metals were strong again today. Oil jumped and related sectors showed strength. Select agriculture plays were […]
Submitted By Optiondragon
Ben Harper - Strawberry Fields Forever
From Briefing.com
Bernstein upgrading the Natural Gas plays ECA to Market Perform, APA and XTO to Outperform. Look for strength in the NG plays today include coal plays with that if energy shows strength.
According to Reuters, Comcast (CMCSA) and Time Warner Cable (TWC) are in talks to fund […]
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