- Next Week's Stars—The Retailers
- Today's Drivers: Retail and Tech
- Can Retailers Meet Those High Expectations?
- Yes, Now A Genocide-Free ETF
- What Matters Most on The Floor
- Wal-Mart And Kohl's Beat—But Cautious Outlook
- After The Bell Big Announcement: HP To Acquire 3Com
- New Highs On Lousy Volume—What's Up?
- The New Dow Target
- Wall Street Fears Dodd Bill
TRADER TALK RSS FEED
MOST SHARED
- U.S. May Wind Up Green With Envy
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- For Investors, The New Green Looks To Be White
- Dipping Into Green Investing
- Disaster Film '2012' Drowns Rivals at Box Office
- Analysis: APEC Nations Back Face-Saving Climate Plan
- The Cost of Thanksgiving Dinner 2009
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Analysis: APEC Nations Back Face-Saving Climate Plan
- Shift Into High-Quality Stocks Could Move Market Higher
- China: Low US Interest Rates Threaten Recovery
- Drug Study Questions Effectiveness of Merck's Drugs
- Buffett: I Haven't Bought AMEX Shares in Years
- Military Arms Race Dominates Dubai Air Show
- Disaster Film '2012' Drowns Rivals at Box Office
- Cities With the Most Home Price Reductions
- Cramer: 5 Earnings Reports to Watch Next Week
More Videos
Trader Talk
Text Size 
Another light volume, low volatility day, closing near the highs. Good news, considering that the consumer confidence and home price news was dismal.
Goldman Sachs [GS
Loading...
()
] had a particularly good day, up almost 6 percent, though on light volume.
GMAC [GJM
Loading...
()
] was the big story of the day: as a result of a successful debt for equity swap and an infusion from the Treasury Department, the probability of insolvency has been greatly diminished.
The is big for GM [GM
Loading...
()
]: GMAC is involved in financing about 35 percent of all GM cars sold.
GMAC immediately announced it was resuming auto financing for a broader spectrum of customers, and GM immediately said they were offering new financing programs, which includes 0% financing for five years.
The GMAC publicly traded 7.25 percent note rose 21 percent, and now yields 16.5 percent. That's high, but it's half the yield of just a few days ago.
2008: No one got out alive. You know it's a bad year when the best performer among major country indices is Mexico, which was down 24 percent.
But that's the way it was. While the U.S. was down about 40 percent on the year, other countries with heavier exposure to commodities (like Russia, down 73 percent) were hurt much more. Emerging market countries like China (down 65 percent) also saw notable drops.
Here's the grim statistics for 2008. All stats are percentage declines.
North & Latin American Indices
Argentina -49
Brazil -41
U.S. -40
Canada -35
Mexico -24
European Indices
Russia -73
Netherlands -53
France -43
Germany 40
U.K. -32
Asian Indices
China -65
Hong Kong -49
Australia -44
Japan -42
South Korea -41
Best-Performing Dow Components (only 2 positive on year!)
Wal-Mart +15 [WMT
Loading...
()
]
McDonald's +4 [MCD
Loading...
()
]
Johnson & Johnson -12 [JNJ
Loading...
()
]
Home Depot -16 [HD
Loading...
()
]
ExxonMobil -16 [XOM
Loading...
()
]
Worst-Performing Dow Components
General Motors -85 [GM
Loading...
()
]
Citigroup -77 [C
Loading...
()
]
Alcoa -71 [AA
Loading...
()
]
Bank of America -69 [BAC
Loading...
()
]
American Express -66 [AXP
Loading...
()
]
_______________________________________
Questions? Comments?
- Next Week's Stars—The Retailers
- Today's Drivers: Retail and Tech
- Can Retailers Meet Those High Expectations?
- Yes, Now A Genocide-Free ETF
- What Matters Most on The Floor
- Wal-Mart And Kohl's Beat—But Cautious Outlook
- After The Bell Big Announcement: HP To Acquire 3Com
- New Highs On Lousy Volume—What's Up?
- The New Dow Target
- Wall Street Fears Dodd Bill
Data is a real-time snapshot *Data is delayed at least 15 minutes