November 10th, 2008
Government officials would not lend out billions of taxpayer dollars if they knew the loans could not be repaid, but when the loan is to a company like AIG, how could they ever really know?
I don’t think lawmakers and regulators would knowingly have us foot the bill for bad loans, but their actions demonstrate some severe holes in the […]
By profsilver -- 1 comment
November 6th, 2008
Many analysts commented that an Obama win would bode well with alternative energy stocks. Well, not on Wednesday!
Shares of SunPower Corp. fell 34 percent, closing at $32.85. SunPower saw about 7.6 million shares traded (over 2.5 times its daily average for the past three months) just one day after announcing that the recent strength of the […]
By profsilver -- 0 comments
November 5th, 2008
Throughout the election process I have heard several reporters say that the stock market favored Senator Barack Obama for President.
Why so? Well, it’s pretty simple. It had nothing to do with his experience, qualification or policy proposals. President-Elect Obama earned the market’s favor because when markets are down in the few months leading up to an election, a change in party typically comes to the […]
By profsilver -- 1 comment
November 4th, 2008
This is the second edition of Techie Tuesdays!Today’s stock is Starbucks. I chose Starbucks because I have been spending a lot of time blogging from their comfy couches with a Vanilla Frappuccino.
This Tuesday, I would like to introduce the Bollinger Bands. The bands provide two price lines on a chart, the upper band representing the […]
By profsilver -- 0 comments
November 3rd, 2008
A multi-billion dollar cry for help from General Motors was denied by the Treasury Department. GM planned to use up to $10 billion to purchase its struggling counterpart, Chrysler.
The bad news got worse today when the automakers reported October U.S. sales. Dismal is an understatement.
GM saw a 45 percent decline while Chrysler’s sales went down 35 percent and Ford’s sales dropped 30 […]
By profsilver -- 0 comments
November 1st, 2008
Whether it is the “Straight Talk Express” or the “Yes We Can” crew, both parties are talking about change. Would the election of either change the stock market for the better?
Funny, while typing this I saw a McCain ad that was pretty straight to the point: “Barack Obama. Higher Taxes. More Spending. Not Ready.”
And who can forget, “the fundamentals of […]
By profsilver -- 1 comment
October 31st, 2008
TST’s first Fundamental Friday will analyze Dell Computer.
I am particularly fond of Dell, as its stock financed a portion of my college education. :) Many years ago, my mother stumbled upon Dell Computer when it was trading around $3. Between 1992 and 1999, Dell shot up and issued seven stock splits. Dell’s post internet bubble performance has […]
By profsilver -- 0 comments
October 30th, 2008
This is the third time I have written about Exxon Mobil breaking the record for the largest profit ever reported by a U.S. corporation and I’ve only been blogging since April!
This time Exxon Mobil reported net income of $14.83 billion for the third quarter of 2008. The new record reflects a 58 percent increase in profits over the same […]
By profsilver -- 1 comment
October 28th, 2008
The Dow jumped 889 points today, the second largest increase ever…and I don’t want to sound like the soothsayer, but beware the 900 point pop.
I know the market has been hammered and I know that many are factoring in an expected 50 basis point cut tomorrow from the Fed, but this makes no sense. The Dow’s gain doubled during […]
By profsilver -- 1 comment
October 28th, 2008
Yesterday, I asked the question, “When will banks start lending?” Today, the White House issued it’s desired answer: NOW!
White House press secretary Dana Perino had this to say: “What we’re trying to do is get banks to do what they are supposed to do, which is support the system that we have in America. And […]
By profsilver -- 0 comments
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