Archive for September, 2009:

BusinessWeek Cover: “Why The Market Will Keep Going Up”

{ Posted on Sep 30 2009 by Vincent Fernando }
Categories : All, Clusterstock
"Why The Market Will Keep Going Up" This can't be good. See Also: The Death Of EquitiesJoin the conversation about this story »See Also:Peter Thiel: It's A Fake Rally!Emerging Markets Keep On RallyingBull Literally Rampages Through The Streets (Of New Jersey) ...Read More »

Massive “Shadow Inventory” Overhang Will Keep Pressure On House Prices

{ Posted on Sep 30 2009 by Henry Blodget }
Categories : All, Clusterstock
Houses prices, like everything else, are a function of supply and demand.  The inventory (supply) of houses on the market has dropped significantly in recent months, fueling hope that the housing bust is over and done with.  Unfortunately, the inventory of houses ...Read More »

Oil Isn’t Going Anywhere, And It Will Continue To Cause Problems

{ Posted on Sep 30 2009 by Lawrence Delevingne }
Categories : All, Clusterstock
Whether another oil crunch is looming or the price-per-barrel spikes again, two things are certain: One, petroleum demand isn't going away anytime soon. Two, it will continue to cause problems--both for the countries that need it and the often nasty regimes that ...Read More »

GOP Healthcare Plan: “Die Quickly” (VIDEO)

{ Posted on Sep 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
This will surely get those who worry about the decline of civility in Congress excited: Rep. Alan Grayson, who has made quite a name for himself going after the Federal Reserve, apparently lost his cool while discussing healthcare reform. Politico: [He] ...Read More »

Stocks Up In China And Europe

{ Posted on Sep 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
After taking a day off to celebrate 60 years of the communist regime, the Chinese went back to celebrating capitalism by sending the Shanghai market higher by .9%. However, stocks in Asia generally drifted lower, though not dramatically so. European markets, ...Read More »

Goldman DENIES Circulating “Fact Sheet” About Naked Shorting

{ Posted on Sep 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Late last night, we heard from Goldman Sachs (GS) pr chief Lucas van Praag who denied that the bank had been circulating a "fact sheet" (embedded below) to polticians on naked short selling, as Matt Taibbi claims. But let's say you ...Read More »

FDIC Paints Terrifying Picture Of Bank Health

{ Posted on Sep 30 2009 by Kid Dynamite }
Categories : All, Clusterstock
Via ZeroHedge, comes a smoking gun release today from the FDIC. I mentioned last week that the FDIC, which is essentially broke (and by the FDIC, I mean, of course, the DIF - the Deposit Insurance Fund which insures ...Read More »

IMF: $1.5 TRILLION Coming In Further Bank Writedowns

{ Posted on Sep 30 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Not that the market seem particularly concerned about bank health, but the IMF, in its latest Global Financial Stability Report, throws out the number $1.5 trillion for how much more debt banks have yet to write down, a large chunk ...Read More »

What’s Happening Today: Wednesday, September 30

{ Posted on Sep 30 2009 by Gayathri Vaidyanathan }
Categories : All, Clusterstock
Macro 8:30 AM: GDP - Final 9:45 AM: Chicago PMI 10:30 AM: Crude Inventories Earnings Actuant Corporation (ATU) (Before Market) Duncan Energy Partners LP (DEP) Smiths Group (SMIN.L) All times ET.  Join the conversation about this story » Read More »

China Blazing Its Own Trail in Africa

{ Posted on Sep 30 2009 by Jason Simpkins }
Categories : All, Macroaxis, Money, Money Morning
By Jason Simpkins Managing Editor Money Morning China’s trade with Africa has increased ten-fold over the past decade, as the rising Asian power has rapidly matured into a political and ... Money Morning is here to help investors profit handsomely on ...Read More »