Archive for September, 2009:

UK Authorities Already Freaked Out By New Housing Bubble

{ Posted on Sep 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
One thing we've kind of assumed is that the next bubble won't be in housing. It never seems to happen that the next bubble is the same as the last one -- it's always something else that comes out of ...Read More »

Whoops: Chicago PMI Shows Contraction

{ Posted on Sep 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Not good. Reuters:  The Institute for Supply Management-Chicago business barometer fell to 46.1 in September from 50.0 in August.Economists had forecast the index at 52.0. A reading above 50 indicates expansion in the regional economy. GDP may turn positive as many expect, ...Read More »

How Is The Broke FDIC Insuring Citigroup’s Debt?

{ Posted on Sep 30 2009 by Kid Dynamite }
Categories : All, Clusterstock
The point of my post yesterday about the FDIC was not point out that the FDIC is broke - everyone knew that. The FDIC's release yesterday gave us some serious insight into just how bad the financial situation is: the ...Read More »

Reflections on the Unexpected Negative Surprise in Chicago Purchasing Index PMI

{ Posted on Sep 30 2009 by Michael Shedlock }
With each passing day the number of people that think the bottom is in, earnings will keep improving, and even a correction is unthinkable keeps rising. Here are a pair of interesting headlines moments apart on Bloomberg.U.S. Stocks Climb to ...Read More »

Windstream: Attractive Dividend But Is It Safe?

{ Posted on Sep 30 2009 by Ockham Research Staff }
Categories : All, Ockham
“A stock with a notoriously big juicy yield can be a beautiful thing. But it can also be a huge red flag. I’m not talking with a stock with a 4%, 5%, 6% yield, I mean mega yielders line Windstream, ...Read More »

China Wants To Stop Making So Much Stuff

{ Posted on Sep 30 2009 by Jay Yarow }
Categories : All, Clusterstock
Scared of a monster boom and bust brought on by stimulus spending, China is imposing new rules to limit its expansion, the AP reports. Under Wednesday's order, new aluminum production projects are banned for three years and regulators will limit spending ...Read More »

Pharma Exec Convicted Of Pushing Alternative Uses For Drug

{ Posted on Sep 30 2009 by Lawrence Delevingne }
Categories : All, Clusterstock
Sometimes, drugs are prescribed and for conditions other than they were created for. That's legal, but drug-makers aren't allowed to market alternative use, known as "off-label" sales or "misbranding." But when they do, the penalty is usually a fine, not prison, ...Read More »

So far down, that down looks like up – DPTR

{ Posted on Sep 30 2009 by Jeffrey Dean }
Talk about a “beatdown”! Delta Petroleum Corporation (DPTR) last week announced the devastating news that their  initial completion results from the Gray 31-23 well in the Columbia River Basin were very disappointing.  The market HAMMERED their stock and it ...Read More »

Analysts Far Too Bearish On GDP

{ Posted on Sep 30 2009 by Vincent Fernando }
Categories : All, Clusterstock
The final revision for US second quarter GDP came in much better than expected. Today's Department of Commerce release shows that the US economy shrank at only a 0.7% annual rate, less than the 1% decline reported in last month's GDP ...Read More »

The Simple Dollar Weekly Roundup: The Giving Tree Edition

{ Posted on Sep 30 2009 by Trent }
For her eighth birthday, I gave one of my nieces the book The Giving Tree by Shel Silverstein. It’s one of those books that, in my mind, is a masterpiece of children’s literature, one that I wish every child ...Read More »