Stock futures point to higher open.
Do you have problems with trading paralysis?
I’ve never heard of this solar name.
Want to know what movie to rent?
Very sinister; who knew?
Bernanke to testify about the economy to Congress
Corey asks “Where Does Today’s Action Leave Us?”
Stocks rise in Europe led by banks; U.S. futures higher
The ADP report shows unexpected rise in payroll numbers
Could successful stock sales signal the end of the run on banks
MON reports better than expected earnings, shares lose 4%
Word of the Day
deus ex machina \DAY-uhs-eks-MAH-kuh-nuh; -nah; -MAK-uh-nuh\, noun:
1. In ancient Greek and Roman drama, a god introduced by means of a crane to unravel and resolve the plot.
2. Any active agent who appears unexpectedly to solve an apparently insoluble difficulty.
Pre-Market Gainers: BLUD, BBY, VIP, TSL, AMAT, GRMN, AU, LDK, STP, BHP, SPWR, UBS
Pre-Market Losers: LULU, MOS, MON, NTT, RCL, ABB, SNDK, BE, UNG, AGU, SYT, FNM
Treasury Secretary Henry Paulson is set to speak today at 10:00 EST to discuss further regulation on financial institutions in the wake of the credit crisis. Under the new regulations the Federal Reserve would gain more power to promote “market stability” as a lender of last resort.
The Treasury will recommend that the Fed share authority over banks, securities firms and insurers in monitoring corporate disclosures, writing rules and stepping in to prevent economic crisis, according to the draft, which was distributed to officials last week and obtained by Bloomberg News.
Iceland banks’ risk of default rises amid concerns over ‘unscrupulous’ speculators that are dealing in Credit Default Swaps.
Credit-default swaps on Glitnir Banki hf, Iceland’s third- biggest bank, traded at 1.7 million euros upfront and 500,000 euros a year, according to CMA, up from 1.6 million euros in advance. The cost implies a 60 percent risk of default, according to the JPMorgan model. The contracts have soared from 202,000 euros with no upfront payment at the start of the year.
Word of the Day
xenophobia \ZEN-uh-FOE-bee-beuh\, noun:
Fear or hatred of strangers, people from other countries, or of anything that is strange or foreign.
Pre-Market Gainers: ANST, CALM, RDC, NE, WTS, PM, ASML, SYT, AZN, UBS
Pre-Market Losers: MRK, GKC, IBN, DOD, CME, MOS, FNM, VE, LEH, POT, C
Personal income and spending rose in February
All eyes are on the banks and brokers today
Judge stops Bear ex-exec from joining Morgan
Should we trust banks upgrading banks at this point
Contrywide’s Sambol gets $28 mln to run mortgage unit
Fannie and Freddie may raise $20 bln to buy debt securities
JC Penny lowers earnings expectations to .50 from .75
Word of the Day
hullabaloo \HUL-uh-buh-loo\, noun:
A confused noise; uproar; tumult.
Pre-Market Gainers: TSRA, LFC, ACH, GPN, LEH, ACN, MOS, RTP, CSIQ, SAP
Pre-Market Losers: APOL, JCP, FXP, KSS, JWN, M, RMBS, BBBY, KBH, TIF, TGT
The U.S. economy grew by 2.2% last year according to GDP
Dr. Steenbarger has a Trading Addiction Linkfest
Oddly, Trader Eyal has a Piano Addict living above him
Clear Channel, Bain, Lee sue banks over buyout plan
Corey has a recap of yesterdays price action
Merrill (MER) may write down $4.5 billion on assets
Lower interest rates haven’t caused lower mortgage rates
Motorola’s split up isn’t looking very promising for investors
Word of the Day
acrid \AK-rid\, adjective:
1. Sharp and harsh, or bitter to the taste or smell; pungent.
2. Caustic in language or tone; bitter.
Pre-Market Gainers: CCU, CAG, UBS, RMBS, RICK, SMS, VLO, SPWR, STP, RTP
Pre-Market Losers: HURN, RBN, WSM, SAP, FXP, BLK, GOOG, MOS, MON, SKF