Archive for March, 2007
Dell Scandal - 10K Delayed
This could get ugly. Trading has been halted. Bloomberg reports:
The computer maker will miss an extended deadline for filing its annual report, Round Rock, Texas-based Dell said in a statement today. The company has no further comment beyond the release, spokesman Bob Pearson said.
After hours prices currently stream on google finance: http://finance.google.com/finance?q=dell&hl=en
Of course since trading [...]
Posted: March 29th, 2007 under Equities, General.
Comments: none
Seven Percent in Five Minutes - Oil Prices Spike
FT reports on the massive spike:
Escalating geopolitical tensions and tightening supply caused a jump in oil prices Wednesday, taking US crude futures to a six-month high.
The initial spike was dramatic. Traders said the oil price jumped $5 a barrel – more than 7 per cent – in just seven minutes shortly after the close of [...]
Posted: March 28th, 2007 under General, oil.
Comments: none
Cramer Effect On Movado
On Friday Cramer recommended traders get long, “the next Tiffanys” in anticipation of earnings on Thursday. His fans jumped the gun on his suggestion to buy Wednesday and pushed the stock up nearly 10% on high volume.
Maybe he’ll be right and the stock will jump on Wednesday, but likely it will give back most of [...]
Posted: March 27th, 2007 under Americas, Equities, General.
Comments: none
The Headline Says It All
Posted: March 26th, 2007 under General, housing bubble.
Comments: none
Chart of the Day - Shanghai Composite
The decline got all the headlines, here is the followup:
Back on February 27th, China sneezed (Shanghai Composite Index down 8.8% on the day) and the reverberations were felt in financial markets around the globe (i.e. S&P 500 down 3.5%). With much of the financial world focused on China, today’s chart presents the current trend of [...]
Posted: March 23rd, 2007 under Asia, Emerging Markets, Equities, General.
Comments: none
Landmark Ghana Debt Issue to Take Place This Year
Is this the start of the PC bond market? The pitch should focus on the social good the money will buy - at B+ no one will be bragging about the finances:
The Republic of Ghana is likely to blaze a trail through financial markets this year by becoming the first west African sovereign state to [...]
Posted: March 21st, 2007 under Africa, Emerging Markets, Fixed Income, General.
Comments: none
Google - Technically in Trouble
Trading genius Gartman explains:
GOOGLE: THE “POSTER CHILD” OF THE BULL MARKET PUTS ITS TREND TO TEST:
For better or worse, we look upon GOOG as the poster child of the bull move in equities, and there is no denying that it is testing…. and very seriously testing…. its long standing uptrend line at the moment. Support [...]
Posted: March 21st, 2007 under Americas, Equities, General.
Comments: none
Money For Chocolate - Hedge Funds Rush In
The wild price swings in this market are enough to scare off most people, but all that hedge fund money has to go somewhere.
The pros scoff at the idea that the gains are permanent. In the face of falling demand it doesn’t seem sustainable. Here is the FT’s report about the environmental factor helping to [...]
Posted: March 20th, 2007 under Commodities, General.
Comments: none
Bloombergs’s Mark Gilbert Unloads Both Barrels on Moody’s
“I haven’t seen a beating like that since someone stuck a banana in my pants and let a monkey loose.” – Cousin Eddie, Vegas Vacation
It starts off with, “Are the decision makers at Moody’s Investors Service stupid or greedy?” And it only gets better from there.
Essentially Moody’s knew a change in their rating method would [...]
Posted: March 19th, 2007 under Americas, General.
Comments: none
Which Central Banks Are Adding To Their Gold Reserves? - It’s Not Who You Think
A lot of speculation exists about which central banks are diversifying part of their reserves into gold. The rumor is China is at the top of the list for countries that are large gold buyers. Trading guru Gartman has the scoop:
The IMF’s data shows that of the fifteen largest governmental holders of gold, only one… [...]
Posted: March 16th, 2007 under Asia, Emerging Markets, General, gold.
Comments: 5










