Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

TRADER TALK VIDEO GALLERY

» More

Current DateTime: 06:46:56 15 Nov 2009
LinksList Documentid: 30483322
Expiration DateTime: 11/15/2009 6:48:22 PM

TRADER TALK RSS FEED

» Help

Current DateTime: 06:46:56 15 Nov 2009
LinksList Documentid: 30456179
powered by digg
Trader Talk Video Gallery
Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani reports on the trading day from the NYSE.
Insight on earnings, with Rick Dreiling, Dollar General chairman & CEO and CNBC's Bob Pisani.
Bob Pisani reports on the trading day from the NYSE.
Bob Pisani reports on the trading day from the NYSE.
Discussing the latest deficit data, with CNBC's Steve Liesman, Rick Santelli & Bob Pisani; Robert Samuelson, Newsweek & ...
CNBC's Bob Pisani reports on the trading day from the NYSE.
CNBC's Bob Pisani reports on the trading day from the NYSE.

Trader Talk

Text Size
Dec.30
6:00 PM ET
Tuesday, 30 Dec 2008
Market Gave Us Good News Today

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...      ()   ]

_______________________________________


LATEST FROM TRADER TALK

Questions?  Comments? 

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 07:13:39 15 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 07:13:45 15 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 07:13:45 15 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 07:13:47 15 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters