As of Monday, bakers union members had set up picket lines at about 23 of the 36 bakeries and production plants operated by bankrupt Hostess. On the first business day after bakers went on strike against Hostess Brands, the Irving-based company said Monday it will permanently close three striking bakeries, putting 627 employees out of…
Reuters reports that GM is losing $49,000 for every Volt it builds, renewing criticism that the eco-friendly hybrid will never be profitable. “General Motors sold a record number of Chevrolet Volt sedans in August,” say Bernie Woodall, Paul Lienert, and Ben Klayman atReuters. “But that probably isn’t a good thing for the automaker’s bottom line.” Even though the environmentally friendly…
Q2 Total Gross Notional Derivatives Outstanding: $639 Trillion Earlier today, the BIS, which has been doing everything in its power today to defend the 1.27 support in the EURUSD since the market open this morning, released its H1 OTC derivatives presentation update. There was little of material note: total OTC derivatives were virtually unchanged at…
Continued SOURCE: http://www.dailymail.co.uk
…WE HAVE NO PROBLEMS WITH TAXES. WE ONLY HAVE A PROBLEM WITH THE OUT OF CONTROL SPENDING BY THE CON ARTISTS IN WASHINGTON. REVENUES TO THE TREASURY ARE BACK TO 2007 LEVELS BUT SPENDING IS UP $800 BILLION/YEAR. IT IS AMAZING THAT THESE PEOPLE GET TO WRITE OP-EDS FULL OF LIES. NOTICE NO HARD DOLLAR NUMBERS…
I don’t like writing early because things can change but so far, the gap to the downside, was bought up furiously early on. It seems the boys are determined to not let the S&P under the 200 day. A lot of quick reversals. Of note: HD breaking into new high ground on earnings….
Well…for a service that is out of any longs, a gap to the downside is not a bad thing. But for a service that wants to short into bounces, it is not a good thing. Futures down decently with nasdaq/ndx worse than s&p. It is important to remember, the nasdaq and the ndx are…
https://archives.warpradio.com/btr/InvestorsEdge/111218.mp3 JUST LETTING YOU KNOW We’ve had a correction. Percentagewise, it’s not the end of the world. But, a lot of stocks have been hit pretty hard. There’s been a lot of technical damage done. And we came into this week in what I call a position of “a market that is in the near-term,…
The worst market is one where in spite of being oversold, it cannot bounce…and so far, that’s exactly what is going on. If the market just sits for a few days, it builds another ledge…to fall off of. But this doesn’t help our wanting to short into bounces…so we remain patient. Today, housing now…
The correction has deepened…simple as that. The only question is how much farther it has to go…but so far, in spite of oversold conditions, the market has not been able to bounce. The negatives: All major indices are now below the longer-term 200 day average…with the S&P just below. Remember, nothing good happens below the 200 day…
