- The First Tradable Rally In Three Weeks
- Stock "Circuit Breaker": Will There Be One?
- Was That The Bottom?
- Watch Value Of Credit Default Swaps Backed By Lehman Bonds
- Uncertainly In Credit Markets Just One Of Key Issues
- Street Despair: No Visibility of Earnings
- Traders Find Their New "Nirvana"?
- Short Sale Ban On Financials Is Over: Make A Difference?
- Paulson To Blame For Late Sell-Off? Read This First
- Why Stock Traders Are Fixed On Bond Market
- Lightning Round OT: AFLAC, Valero and More
- Lightning Round: Chesapeake, Corning, J&J and More
- Cramer: What’s the Worst-Case Scenario?
- Game Plan: The Crash of '87 Scenario
- Cramer’s Double Secret Borrow-Binge Plan
- Your First Move For Monday October 13th
- History In The Making
- The S&P 500 Loses $1.8 Trillion in Market Cap for the Week
- Web Extra: GE & Goldman Sachs
- Stock Market Crisis: Nation's Mayors Sound Off
- US Banks Keep Pressure on SEC to Deal With Shorts
- Financial Crisis Has Inflationary And Deflationary Potential
- What the Pros Say: Swap Jitters, Bottom Searches
- Viacom Warns of Third-Quarter Profit Shortfall
- US Consumers Lose Faith in Fed Due to Crisis
- Jefferies' Hogan: Market Will Bottom Today
- Traders Needing Cash Even Dumping Bonds
- Greenspan Sees First Half 2009 U.S. Housing Recovery

June payrolls came in in line with expectations, though there were revisions downward in prior months.
No surprise, the ECB raised rates a quarter point to 4.25 percent; Sweden also raised rates. The dollar rose. What's up in Japan? The Nikkei has fallen 11 days in a row, the longest losing streak since 1953.
In equities, the big issue is what is driving the selloff in materials; yesterday energy stocks were hit for the first time. Remember, energy and to a lesser extent materials were the last bulwarks of the market.
Tech stocks down in sympathy with Nvidia,[NVDA
Loading...
()
] the graphics chip maker, down 29 percent, as they cut their second quarter sales and profit outlook. Global weakness cited, but some traders are telling me the company mishandled the inventory.
Alcoa[AA
Loading...
()
], which reported earnings on February 8th, was upgraded at Soleil, due to "the drop in the stock price of more than 9 points (or almost 23%) during the past five weeks, versus a drop of 9.3% in the S&P500 over the same time period;" they also noted that aluminum prices have been increasing recently.
Aetna [AET
Loading...
()
]downgraded to sell at Goldman, saying "the company cannot remain immune from the margin pressure impacting other carriers in the price-sensitive commercial risk business." Down 4 percent.
related content |
Questions? Comments?


