Stock Market News and Financial Markets Headlines: Single Source to Investment Markets Headlines, Investment News and Market Commentary iHaveNet.com: Your Single SourceOnline News, Current Events & Articles MARKETS HOME | WORLD | USA | BUSINESS | WEALTH | STOCKS | TECH | HEALTH | LIFESTYLE | ARTS | SPORTS MARKETSECONOMYEMERGING MARKETSSTOCKSFED WATCHTECH STOCKSBIOTECHSCOMMODITIESMUTUAL FUNDS / ETFsMERGERS / ACQUISITIONSIPOsCOMPANIES3M (MMM)AT&T (T)AIG (AIG) Alcoa (AA) Altria (MO) American Express (AXP)Apple (AAPL)Bank of America (BAC)Boeing (BA)Caterpillar (CAT)Chevron (CVX)Cisco (CSCO)Citigroup (C)Coca Cola (KO) Dell (DELL) DuPont (DD)Eastman Kodak (EK)ExxonMobil (XOM)FedEx (FDX)General Electric (GE)General Motors (GM)Hewlett-Packard (HPQ)Home Depot (HD)Honeywell (HON)IBM (IBM)Intel (INTC)Int'l Paper (IP)JP Morgan Chase (JPM)J & J (JNJ)McDonalds (MCD)Merck (MRK) Microsoft (MSFT) P & G (PG)United Tech (UTX) Wal-Mart (WMT) Walt Disney (DIS) STOCK QUOTESStock QuoteStock ChartStock OpinionStock ProfileStock Symbol LookupEMAILLoginPasswordFree Email - Sign Up Stock Market News and Investment Markets Headlines Single Source to Investment Markets Headlines, Investment News and Market Commentary IMF in global 'meltdown' warning The world is facing financial "meltdown", the International Monetary Fund warns, as it offers help to credit-starved countries. EU chiefs confront markets crisis European heads of state meet in Paris to try to establish a common approach to the global financial crisis. G7 nations pledge to fight crisis Top finance ministers promise to take "decisive action and use all available tools" to tackle the world economic crisis. Fear grips global stock markets Global stocks fall sharply on one of the worst days of trading in 30 years, despite continuing actions to tackle the crisis. Russia approves $86bn bank rescue Russia's lower house of parliament, the Duma, approves a raft of measures worth $86bn (£51bn) to assist banks. Further decline in house prices UK house prices registered a 1.3% fall in September, according to the Halifax, with the average home costing £172,108. Interbank lending in deep freeze Bank-to-bank lending rates rise despite aggressive measures from governments worldwide to tackle the credit freeze. IMF takes action to stem crisis The International Monetary Fund (IMF) activates an emergency finance facility to help countries hit by the financial crisis. UK's trade gap narrows slightly The UK's goods trade gap with the rest of the world narrows slightly in August, the latest official data shows. Bush vows to stabilise economy President George W Bush vows to work "aggressively" to restore economic stability, as world stock markets tumble. Libya blocks Swiss oil deliveries Libya halts oil shipments to Switzerland months after the brief arrest of Muammar Gaddafi's youngest son for assault. Zimbabwe inflation hits new high Zimbabwe's annual inflation rate soars to a record 231,000,000% as measured in July, newly released official figures show. German exports slump German exports fall 2.5% year-on-year, their biggest fall for five years, as the financial crisis hits the real economy Mexico unveils emergency plan Mexico's president announces plans to spend $4.3bn on infrastructure to help offset the effects of the global credit crunch. Rescue plan for UK banks The UK government announces a package of measures to help the banking system which could total £500bn ($880bn). 'Major global downturn' says IMF The world economy is entering a major slump in the worst financial crisis since the 1930s, warns the International Monetary Fund. Government axes IT jobs Thousands of jobs working on government computer contracts will go over the next two years, unions are told. Extra help for Icesave customers Chancellor Alistair Darling says he will ensure all UK savers with the closed Icelandic internet bank Icesave get all their money back. India leads S Asia market falls Indian stocks fall briefly to a two-year low amid fears the credit crunch could lead to global recession. Middle East stock markets plunge Shares on the main Arab stock markets fall sharply amid concern the financial crisis in the US and Europe is spreading to the Middle East. EU moves to reassure savers European Union finance ministers agree to increase the guarantee for customers' bank savings to at least 50,000 euros. Flat market...The ten areas with the biggest property price falls City centre flats dominate a survey indicating the 10 areas in England and Wales with the biggest falls in property prices. Recession-proof? Bloomberg's stock rises as Wall Street shares fall Robert Peston A global solution is needed to end the economic crisis Gold rush Austria's mint flat out as investors seek safety Credit crunch glee Iran celebrates the global meltdown, but for how long? Time for reform? Financial crisis casts fresh doubt on the IMF's effectiveness Great Depression Lessons from the 1929 stock market crash BBC News | Business | Economy | World EditionVisit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. BBC News provides trusted World and UK news as well as local and regional perspectives. Also entertainment, business, science, technology and health news. Friday's News Recap: U.S. Stocks Whipsaw to End Worst Week Ever (CEP News) - In one of the most volatile trading sessions ever, the Dow Jones industrial average traded in a range of more than 1,000 points during the day before finally settling down 128 points. The TSX remained more firmly in negative territory, finishing the day down 534 points, or 5.57%. In data releases, Canada's employment report for September shocked to the upside, showing an increase of 106.9k jobs - more than 10 times the consensus forecast. Closing Market Recap: Stocks End Worst Week Ever (CEP News) - The S&P 500 posted its worst week in history as the financial crisis deepens and threatens a worldwide recession. Mid-Afternoon Market Recap: Markets Continue Plunge (CEP News) - Markets are awash in a sea of red as equities, sovereign fixed income and gold are all lower. Midday Market Recap: European Stocks Finish Worst Week Ever (CEP News) - The rout in global equities is continuing with Europe and Asia suffering the worst on Friday. The U.S. dollar is surging against the loonie despite a blockbuster Canadian employment report. Despite the fear gripping stock and foreign exchange markets, sovereign debt is selling off. Midday News Recap: Global Equities Continue to Slide, Canadian Employment Surges (CEP News) - The worldwide stock market sell-off seen overnight continued at the open of North American trading session on Friday, sending the Dow Jones down more than 8%. In data releases, Canada's employment report for September shocked to the upside, showing an increase of 106.9k jobs - more than 10 times the consensus forecast. U.S. trade balance and import price data were also released. Mid-Morning Market Recap: Volatility Hits Unheard of Levels as Stocks Bounce (CEP News) - The Dow Jones Industrial Average opened down more than 600 points to below 8000 for the first time since April 2003. In minutes, however, the index turned around and briefly rose into positive territory. Morning Market Recap: Equities Crushed as Fear Takes Hold (CEP News) - The panic that has gripped markets intensified Friday, sending stocks down sharply lower and the U.S. dollar higher. Overnight News Recap: Global Equity Markets Melt on Financial Fears (CEP News) - A global equity meltdown characterizes overnight market developments, while G7 leaders begin their meetings in Washington D.C. to discuss the financial turmoil today. In other news, the Canadian economy posted a very strong employment report for September and the Japanese government offered to join the IMF in funding bank rescues to less developed economies. Friday's Events: Canadian Employment; US & CA Trade Balance; G7 (CEP News) - Canadian employment kicks off a busy day of economic data followed by the U.S. and Canadian trade balances and the start of the G7 conference in Washington DC. European Stocks Plunge Following Asian & North American Meltdown (CEP News) - European equity markets are trading sharply lower following similar declines in Asian markets overnight in what promises to be an epic end to a very difficult week. CEP Market and News Updates FeedTo the second market and news updates Parishioners Taking A Pass On Collection Plate As the stock market crisis hits parishioners' pocketbooks, charities and churches across the country are bracing for decreased giving. It's unclear just how big a hit nonprofits are in for, but at least some Sunday collection plates are already feeling lighter. Money Market Managers On Loans To Businesses One of the reasons the credit market has frozen is that money market mutual funds are not investing in "commercial paper" — that is, they're not making the short-term loans to businesses that those firms need to operate. European Nations Agree To Guarantee Loans Europe is taking stronger, coordinated action to restore confidence in the continent's banking system. Fifteen euro zone countries have agreed to guarantee future loans among banks through the end of next year, according to French President Nicolas Sarkozy. NPR's Frank Langfitt talks to host Andrea Seabrook about European credit markets, which have seized up as there as they have in the U.S. American Workers Grow Nervous According to a report by the U.S. Department of Labor, 760,000 jobs have been lost in the past nine months. For some Americans who still have jobs, the pressures they face on a daily basis may be as difficult to bear as job insecurity. IMF And World Bank Convene The fall meetings of the International Monetary Fund and World Bank resume in Washington Sunday. At the top of the agenda, the financial meltdown that the IMF says could send the world into recession. NPR's John Ydstie has been following the story and has this report. German Business Students Get Crash Course In Berlin, students at a business management school get an explanation of how the crisis developed, how it might play out, and how it might affect their own careers. A Personal Story Of Economic Crisis Donna Giannola is a 49-year-old graphic designer who has been laid off three times in the last decade and is struggling to stay afloat. Air Bag Fraud: Underreported 'Life And Death Scam' A Weekend Edition investigation shows that some unscrupulous auto repair shops and used-car dealers have victimized consumers by stealing or not replacing air bags. Get tips for spotting air bag fraud and see what one victim found inside her car. Sales Of Home Safes Climb Amid Financial Turmoil About the same time Lehman Brothers filed for bankruptcy and the stock market began plummeting, one of the nation's leading sellers of safes started to see a sales boost. The company's CEO says he thinks the increase is due to people losing faith in banks. G-7 Leaders: We'll Tackle Crisis Together Finance ministers from around the world tried to show they are working in a coordinated way to tackle a global financial crisis that has proved to be far more serious than anyone anticipated. World Powers Meet To Combat Credit Crisis President Bush was short of specifics in his brief statement after Saturday morning's meeting. Will the meeting itself be enough to calm the worldwide markets after the weekend, or will the finance ministers have to offer a concrete plan to stabilize the world's financial systems? Will The Week's Events Stop The Market Slide? How can G-7 leaders or the five-point plan solve the financial crisis? Scott Simon discusses this week's economic news with NPR's John Ydstie. Fear Drives Wild Trading Ahead Of G-7 Meeting For the first time ever, the Dow Jones industrial index traded in a 1,000-point range on Friday. The Dow ended its day of wild swings down 128 points, to close at 8,451.19. Fears Grow That Tight Credit Could Crush GM, Ford Standard & Poor's downgraded the credit of General Motors and Ford Motor Co. and their financing arms this week. Many fear the automakers lack enough cash to sustain their business during this downturn, and that if they falter, it could have widespread repercussions on the U.S. economy. Paulson OKs Bank Stock Purchase Plan Treasury Secretary Henry Paulson has said the government will go ahead with a plan to buy stocks in financial institutions. Meanwhile, The Group of Seven industrialized nations agreed to work together to fix the global economy. NPR Topics: BusinessFind the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast. World Leaders Take Big Steps Against Credit Crunch Government leaders in the U.S. and abroad took big steps this weekend to battle the financial ‘flu’ that has spread across the globe. FDIC Seizes Two More Banks Two banks -- one in Illinois and one in Michigan -- failed on Friday night, the Federal Deposit Insurance Corp. said, underscoring just how much the credit crunch is hurting financial institutions. G7 Officials Vow to Stem Financial Crisis Finance officials from the world's top economic powers pledged Friday to take all action necessary to stem the worst financial crisis in more than a half-century. G7 Nations Seek Solution to Financial Woes Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession. FOX Business’s Weekend On-Air Schedule FOX Business will air special live television coverage this weekend as the U.S. works its way through this unprecedented, volatile market crisis. Cavuto: We're at a Loss Missed tonight's Cavuto? Catch "The Deal" right here on FOXBusiness.com Positive Data Not Enough to Stop Market Freefall In “normal” times the data releases scheduled for the upcoming week would be significant enough to be considered market movers, but these are anything but normal times. Inside the VIX Volatility Index Here's an explanation of what the VIX index means and what it does Hearings on Government Greed Needed Congress loves to hold hearings about greed on Wall Street. But when are they going to hold a hearing about greed in politics? Federal Regulators Approve Wells Fargo-Wachovia Deal Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp.(WB), capping a weeklong battle for the Charlotte, N.C.-based bank. FOXBusiness.comFOX Business Network - We Report. You Decide. A Wave of Mergers Could Hit Banking Sector The continued turmoil in the financial markets could spark a wave of mergers among banks and remaining brokerage firms in the coming weeks, according to Wall Street executives.Morgan, MUFG Are Renegotiating Deal Asian Markets Find Footing After Horror Week Oil Tops $80 as World Leaders Move to Rescue Banks Plan Pushed for Government to Buy Bank Stocks Euro Nations to Guarantee Bank Refinancing Democrats Call for Massive Economic Stimulus Plan Week Ahead: Thawing The Glacial Credit Freeze GM Held Talks With Ford Before Turning to Chrysler GM Hasn't Asked for Fed BailoutGM May Need Cash in Deal Those With Sense of A History Say It's Time to Invest Fed Approves of Wells Fargo Takeover of Wachovia Exploring the Worst-Case Economic Scenario UK Banks Set to Unveil Bailout Plans AIG Knew of Potential Problems Valuing Swaps: Report Bailout Managers May Be Buying Own Securities Bankruptcy Financing Gets Pricier and More Elusive US to Buy Equity Stakes in Financial Institutions Bowyer: Mark To Market Still Lives (Unfortunately) 'Chihuahua' Bites Crowe, DiCaprio at Box Office How Did We Fall So Far, So Fast? Mazda: Ford Hasn't Yet Decided to Sell Stake CNBC Top Videos of the Week Two Small Banks Fail; Brings 2008 Tally to 15 Investigation: SEC Failed in Bear Stearns Probe Slideshow: Gifts for Ultra-Rich 'Bling' In the Holidays Slideshow: Most Popular Halloween Costumes for 2008 CNBC Top News and AnalysisStock Market News, Financial, Earnings, World Market News and Info Expectations of more rate cuts grow Investors wait to see if the measures announced by finance ministers at the weekend's meeting of the Group of Seven leading nations can prove effective as a circuit breaker for the downward spiral Overview: Stock markets crash as crisis deepens Panic selling prompted a crash in global equities this week, sweeping many stock markets to their steepest ever falls as investors dismissed moves by governments and central banks to restore calm US stocks fall in volatile trading session US stocks ended their second worst week ever with more heavy selling that took the market's drop since its peak to a level that rivalled the crash of 1929 The week that panic stalked the markets The crash in equity markets this week came as investors fled risky assets in panic. Co-ordinated rate cuts by leading central banks, and many other measures of support hastily adopted by governments, went ignored. FTSE loses a fifth of its value in a week Banks, insurers and miners all routed as benchmark index closes 9% down on the day at its lowest point since May 2003 European markets tumble as fears intensify Frankfurt and Paris lose 7% and almost 8% respectively after the global market sell-off, fuelled by recession concerns, deepened and caused panic on trading floors Commodities slump on recession worries Commodities prices slumped following sharp falls in global equity markets amid mounting fears that the global economy was heading into recession Gold coins command record prices Heavy losses in equity markets are enticing investors to pay record prices for popular bullion coins such as South Africa's Krugerrand Risk aversion boosts yen and dollar Risk appetite vanished from the currency markets once more on Friday, as plummeting equities sent investors into panic, scrambling from high-yielding currencies and flocking to the perceived safe havens of the yen and the dollar Oil price falls below $80 a barrel Nymex and key global commodities index decline 17% and 10% respectively on the week as investors sell assets on fears that the world economy was heading into recession Japan leads Asian market rout Japanese shares led a rout of Asia-Pacific shares as fears deepened that the world economy was heading for recession. Wall Street suffered its biggest fall since the 1987 crash Indonesian stock exchange remains closed Trading on the Indonesian stock exchange remained suspended on Friday after the authorities took stock of the heavy falls in the United States overnight and on markets elsewhere in Asia that had already opened Interbank lending not freed by rate cuts Money market tensions remained elevated in spite of the globally co-ordinated cut in interest rates and other significant central bank moves to improve global financial and corporate liquidity FT.com - Financial Markets NewsFT.com - Financial Markets News The Economist poll of forecasters, October averages Emerging economies' GDP In its twice-yearly World Economic Outlook, the IMF cut its 2009 forecast for global GDP growth to just 3%. In its previous update, in July, it had said the world economy would grow by 3.9% next year. The downgrade was driven mostly by a gloomier outlook for rich countries, particularly in Europe. The fund remains relatively upbeat about the developing world, where GDP growth is expected to top 6% next year. The fund’s economists reckon China will grow by more than 9% this year and next. They have become less sanguine about India, but still think its GDP will rise by almost 7% in 2009. Russia was the one big emerging economy that saw its forecast cut by as much as those of the worst-hit rich countries. ... Trade, exchange rates, budget balances and interest rates Markets Output, prices and jobs The Economist commodity-price index Overview In a co-ordinated action, the Federal Reserve and the European Central Bank (ECB), together with the central banks of Britain, Canada, Sweden and Switzerland, cut their benchmark interest rates by half a percentage point on October 8th. The Bank of Japan expressed its support, but kept its rate at 0.5%. The reduction took the Fed's key rate down to 1.5%. The ECB's main interest rate was lowered to 3.75%, the first cut since 2003. Britain's benchmark rate fell to 4.5%, Canada's to 2.5% and Sweden's to 4.25%. Switzerland's range came down to 2-3%.On the same day, China's central bank reduced its main lending rate by 27 basis points (hundredths of a percentage point), to 6.93%, its second cut in the past month. It also reduced the share of deposits that banks must keep as reserves at the central bank, by 50 basis points. ... Perceptions of corruption Small, rich countries tend to be the least corrupt, according to Transparency International. Each year it compiles a Corruption Perception Index based on surveys of business and expert opinion. The 2008 report ranks Denmark, New Zealand and Sweden as the least corrupt countries. Somalia has the most corrupt public officials. Italy is the lowest-ranked of the big rich countries. Russia’s score is scarcely higher than conflict-ridden states such as Iraq. Perceptions of corruption change only slowly, but the report notes improvements in some countries, including Georgia, Nigeria, South Korea and Turkey. It also detects a significant drop in standards in rich countries, such as Britain and Norway. ... Global infrastructure firms Britain’s Vodafone is the world’s largest multinational infrastructure firm, according to World Investment Report 2008 from the United Nations. Three other telecoms operators, one each from Spain, France and Germany, are in the top six firms ranked by the value of foreign assets. The remaining top-six companies are EDF and E.ON, the French and German electricity giants. Hutchison Whampoa, a seaports, electricity and telecoms group, is the only Asian firm in the top ten. Liberty Global is the highest-ranked American firm, though its foreign operation is small compared with those of European telecoms firms. America Movil, another telecoms firm, has expanded beyond its home market in Mexico. ... Economic freedom Hong Kong stays in top place in ratings of economic freedom compiled by the Fraser Institute. Singapore takes second place and New Zealand comes third. Zimbabwe gets the lowest score. The Canadian think-tank’s index is based on how countries perform in five main areas: size of government, security of property rights, sound money, free trade, and regulation. The lower government spending is, for example, the better a country will fare in the first component of the index. Similarly, low and stable inflation will favour a country’s rating for sound money. The scores extend back to 1980 for 102 countries. Of these, 89 have got better over that period whereas 13 have got worse. ... Asian growth forecasts The outlook for Asian economies is darkening. New forecasts from the Asian Development Bank for GDP growth in 2009 are generally lower than the ones it made in April. Next year’s growth projection for China has merely been shaved, from 9.8% to 9.5%, but forecasts for some countries have been shorn. Vietnam is now expected to grow by 6.0% rather than 8.1%; India by 7.0% compared with 8.5%. The bank says that emerging Asia is being hit by lower demand for its exports in developed economies and by tighter and more costly access to global capital markets as a result of the financial crisis. Growth prospects are also dimming because of steps taken in the region to tighten monetary policy so as to contain inflation. ... The Economist: IndicatorsIndicators Critical Life Support For better or worse, we just survived one of the the worst weeks in market history. For the week, the S&P 500 crashed -18.20%, Dow -18.15%, the Nasdaq -15.30%, and the Russell 2000 -15.65%. And, the damage we saw is... The Rubber Band Effect Although I don't normally turn on CNBC during the trading day, I made the mistake of doing so this morning. Frankly, I couldn't believe what I was hearing since so many people were making the call that we're near or... Global Financial Chaos Good morning. With stocks headed for their worst weekly drop since 1933, markets around the world are crashing. Not only do we have trading halts in several countries, but those which are open are under significant sell pressure and are... The Stock Market Crash Of 2008 Although the market spent most of the day searching for stability, the sellers swamped the tape in the final hour pushing us to new multi-year lows. With these losses, we've moved far away from just a mere correction or nasty... Talking Points Good morning. As markets around the world attempt to stabilize, premarket futures indicate we'll see some buying interest return at the open. Premarket futures currently indicate a +1% to +2% gain at the start of trading. There's a lot of... Six In A Row We all knew there would eventually come a day when even emergency rate cuts by the Fed wouldn't help the market. Today was that day. We're now down six days in a row and tomorrow is October 9th, which has... Thoughts From The Bunker "What’s happening is people are crawling into a bunker and pulling an iron sheet over their heads because they think the sky is falling." - William Ackman No end in sight So, will coordinated rate cuts do the trick? Sadness... Rate Cuts Around The World Good morning. With markets around the world falling precipitously and investors clamoring for rate cuts, this morning the Bank of Canada, the Bank of England, the European Central Bank, Sveriges Riksbank, Swiss National Bank, and U.S. Federal Reserve finally gave... No Prisoners While Bernanke and the plunge protection team fiddle, the bears burn down Wall Street and waste no time taking prisoners. Fear leads to panic and panic leads to selling and we're seeing that shock and awe on a daily basis.... Rate Cut Speculation Good morning. Much like we saw late last week, speculation has intensified over worldwide rate cuts after Australia surprised the world by cutting its benchmark interest rate by 100 basis points. Meanwhile, many investors remain skeptical that additional rate cuts... A Race To The Exits "For a while it was denial, then it turned to anxiety, and now it's closer to fear. I wouldn't call it panic, but there is some evidence of the beginning of a race to the exits." - Hugh Johnson The... Mood Of The Moment This pretty much sums up the mood of the moment: Worldwide Crisis Of Confidence Good morning. Markets around the world are under heavy selling pressure this morning and premarket futures indicate we're set for an approximate -2% gap down at the open. Over the weekend, Europe didn't reach an accord on bailouts and instead... The Slippery Slope In spite of every hope and effort to the contrary, we closed them out at our lows. Not even the passing of the bailout bill and rampant rumors of rate cuts over the coming weekend was enough to save this... Mailbag Questions It's been a couple of weeks and it is time to open up the old mailbag. Topics I'll cover in this week's mailbag are: The TED Spread How I've Been Protecting Investments A Data Mining Tool For Those With Deep... The Kirk ReportOne pro's view of the stock market. Stock screens, market analysis, trading tools, stock research, investment ideas, portfolio analysis, trading lessons, investment commentary, trading tips, and more are provided by Charles E. Kirk. Global stocks: A good start Stocks in overseas markets opened higher, the first market signal following the most coordinated effort to date to address the global financial crisis. Wall Street's 8 brutal days The Dow ended a staggering eight-session selloff Friday with a small decline in a volatile day, bringing the blue-chip index's total brutal loss to 2,400 points over a time period spanning less than two weeks. Vertigo on Wall Street Stocks ended with slim declines Friday, as investors fought back from a decline of as much as 697 points on the Dow amid the global market meltdown. Bull vs. Bear: Looking for bottom Is it safe? Forgive the "Marathon Man" reference, but the past few weeks have certainly been the financial equivalent of Dustin Hoffman getting tortured by the sadistic dentist. Credit freeze sees small cracks Seized-up credit markets began to see the first small signs of easing Friday, but anxiety over the long-term prospects for recovery is keeping lenders mostly sidelined. Dollar climbs on global market rout The dollar rose against the euro and the pound Friday, with the British currency falling to its lowest level in five years as global markets remain shaky. Why the greenback is on a tear There's a silver lining in the financial panic of 2008: the surprising strength of the dollar. Oil sheds more than $9 to hit 13-month low Oil prices plunged to a 13-month low Friday, following steep stock market declines, as investors worried that the weakening global economy was driving down demand for fuel worldwide. Global stock selloff Global fears about the financial crisis deepened on Friday as stock markets the world over fell sharply and government officials scrambled to contain the damage. Dollar rises against euro as global markets sink Read full story for latest details. Dow tumbles 7% Stocks tanked Thursday - with the Dow falling nearly 700 points during the session - as panicked investors dumped stocks across the board. Some optimism for global markets European markets opened higher and Asian stocks ended mixed Thursday, a day after a worldwide drubbing over continuing fears of an economic slowdown. Emergency rate cut: 'This better work' Investors around the world have been crying loudly for the past few days. On Wednesday morning, global central banks finally gave in. Making money in this market? Here's how How bad is this bear market? Out of thousands of offerings, only one mutual fund focusing on U.S. stocks is up this year. You read that right - one! Market meltdown: Global problem, global cure Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout. No love for the bailout Now that there is an actual bailout bill, what do investors think about the $700 billion package? Depends whom you ask. The world sticks with the U.S. The so-called "flight to quality" in the U.S. Treasury market appears to be over for now - bond prices are down and yields are up from lows touched last week. Be ticked off - but get over it Americans are very angry about the proposed bailout of the banking sector and Wall Street...and with good reason. Ban the shorts? A BIG mistake! Randy Newman once famously sang that short people got no reason to live. Apparently, SEC chairman Christopher Cox feels the same way about short sellers. The Fed tries to stop the bleeding The latest move by the Fed is working - for now. Latest stock market news from Wall Street - CNNMoney.comFrom CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions. Oil's Outlook Darkens Crude prices slide below $80 a barrel and seem to have further to go. Macy's Needs A Miracle Retailer faces a grim holiday season as U.S. consumers cut back. Despite A Host Of Woes, Hotelier Beats Estimates Manager of upscale inns doing a little better than limited market expectations. Bad News Is Good News For GE Expectedly bleak quarter has an unexpected bright spot as viewers tune into cable reports on financial disaster. Sumner Sales For Viacom And CBS Redstone dumps shares of his media holdings to satisfy lenders. Oil: How Low Can It Go? Crude prices fall below $80 a barrel, causing Exxon's shares to spill. Malone Sheds Liberty Shares The chairman of the media conglomerate sells 4.5 million shares of it, sending shares down. Consumers Discount Macy's The department store operator cuts its 2008 full-year forecast, reflecting the consumer slowdown. Crash Landing For Commodities Metals get slammed and the IEA lowers its forecast for world oil demand. Vladimir Putin, Russia's $6.7B Investor The state prepares to directly shore up stocks. Forbes.com: Market NewsMarket news and reports from Forbes.com All 3 major market indices drop more than 15% on the week If you are prone to travel sickness, I hope you took your Dramamine today, because once the opening bell sounded, the volatile market was off and running...(Read More) Despite skepticism, the shares of PNC Financial Services (PNC) defy broad-market woes In last week's edition of Trading Tools, I examined discount retailer BJ's Wholesale Club (BJ), as it appeared on the Zacks Put/Call Ratio Greater than 1.0 filter...(Read More) Examining technical and sentiment indicators for Visa Inc. (V) Visa Inc. (V: sentiment, chart, options) had a bit of a rocky morning, as the company was hit with 2 different price-target reductions...(Read More) Options activity on General Motors (GM) reveals a straddle play It took a full week of price-target cuts, downgrades, and credit-watch negative statements, but options players have finally decided to dive into General Motors (GM: sentiment, chart, options)...(Read More) Bullish speculation surrounds RIMM shares as they tumble to a new annual low Research In Motion Limited (RIMM: sentiment, chart, options) today fell to a new annual low of %2450.22, its lowest price since May 2007...(Read More) Near-term options speculators remain hopeful toward Ford Motor Company (F) Not surprisingly, put activity on Ford Motor Company (F: sentiment, chart, options) heated up yesterday, with nearly 11,350 contracts crossing the tape on the International Securities Exchange (ISE) and Chicago Board Option Exchange (CBOE)...(Read More) Shoe maker runs higher on strong third-quarter sales outlook Positive sales results from Deckers Outdoor Corporation (DECK: sentiment, chart, options) have lifted the security more than 6% this afternoon...(Read More) Examining the technical and sentiment backdrop for Aflac (AFL), MetLife (MET), and Assurant (AIZ) At first, the overriding school of thought among investors was that the credit crisis was limited to the financial sector...(Read More) U.S. stocks head for their eighth consecutive drop as investor confidence continues to slip In the opening minutes, the Dow Jones Industrial Average dropped below 8,000 for the first time since April 1, 2003...(Read More) Despite its status as an underperformer, optimism surrounds ReneSola (SOL) As if broad-market woes weren't enough, the shares of ReneSola Ltd. (SOL: sentiment, chart, options) were pushed even lower by a bout of negative analyst commentary this morning...(Read More) Examining growing pessimism toward a blue-chip oil company Late Thursday, Chevron Corporation (CVX: sentiment, chart, options) announced that it expects third-quarter results to surpass those of the second quarter, thanks to improvements at its downstream, or refining and marketing, operations...(Read More) Next week brings us earnings from Johnson & Johnson (JNJ), eBay (EBAY), The Coca-Cola Company (KO), Wells Fargo & Company (WFC), and Delta Air Lines, Inc. (DAL) This is a weekly feature that provides you a peek at the major economic and earnings announcements for the week ahead.Economic Calendar for the Week of October 13:The economic calendar starts off the week on Monday with September's Treasury budget...(Read More) Calls nearly quadruple puts among the SPDR Gold Trust's (GLD) option open interest With so much drama unfolding in the global financial markets, I wanted to take a look at gold and the underlying sentiment data to get a better understanding of where we have been and where we might go as this crisis evolves.Gold Commodity Futures Open InterestThe put/call ratio for gold has decreased of late, with call-buying surpassing put-buying as speculators have stepped in on the precious metal's most recent price pullback...(Read More) A look at the historical earnings performance of JPMorgan Chase (JPM), Google (GOOG), Coca-Cola (KO), and more Third-quarter earnings season continues to roll on next week, with approximately 160 companies expected to report...(Read More) A contrarian look at Jos. A Bank Clothiers (JOSB) Last week, I took a look at Toll Brothers (TOL), building a bullish case for the firm...(Read More) A rundown of the morning's major news Today features a potential downgrade for Alcoa (AA), brokerage comment on Biogen Idec (BIIB), an upgrade for DreamWorks Animation (DWA), and a price-target cut for MasterCard (MA)...(Read More) General Electric (GE) reports earnings; Citigroup (C) drops bid for Wachovia Bank (WB) Futures are lower heading into the open, indicative of a potentially negative start to the regular session...(Read More) Despite a positive start to the session, U.S. stocks quickly succumbed to gravity The blue-chip earnings news today was considerably improved, as IBM (IBM) said that its third-quarter profit would surpass analysts' expectations...(Read More) A bearish candidate sees a surge in call trading This week's edition of Options Spotlight takes a look at Weatherford International (WFT: sentiment, chart, options)...(Read More) Examining technical and sentiment indicators for International Business Machines (IBM) International Business Machines (IBM: sentiment, chart, options) wasn't slated to step into the earnings confessional until October 16, but the information-technology (IT) company chose to release its third-quarter results ahead of schedule...(Read More) Put volume and short-selling ramp up on this sliding retail stock It's been a long trip down the charts for Sears Holdings Corporation (SHLD: sentiment, chart, options)...(Read More) Optimism toward MetLife, Inc. (MET) among options speculators intensifies Optimism toward insurer MetLife, Inc. (MET: sentiment, chart, options) has been on the rise recently, as the stock's Schaeffer's put/call open interest (SOIR) - measuring options slated to expire within 3 months - has inched lower during the past couple of sessions...(Read More) Option activity on DR Horton (DHI) reveals a spike in put volume According to the company's website, DR Horton (DHI: sentiment, chart, options) is slated to release its fourth-quarter earnings figures on November 25...(Read More) Gold futures caught a serious boost this week as panic swept the market, and so did this slipping stock While U.S. stocks were hit with a massive haircut this week, the price of gold futures enjoyed a healthy, 3-day gain of more than %2470...(Read More) Examining growing pessimism on a blue-chip oil company Investors may finally be shedding their bullish outlook on Exxon Mobil (XOM: sentiment, chart, options), as the price of crude oil continues to retreat from its all-time highs...(Read More) How does a +321% Profit in 3 months sound? Our Schaeffer's Grand Slam Series can make GRAND SLAM profits using the leverage of options.- like our NVIDIA puts that recently made a +321% profit in just 3 months!Get an average of 3 - 4 trade recommendations EACH AND EVERY MONTH! that have the potential to make this or even more! Stop settling for singles! Order today and SAVE $800! Regularly $995 for 12 months, join Schaeffer?s Grand Slam Series now for 12 MONTHS FOR ONLY $195! Plus get 12 months FREE and our MONEY BACK GUARANTEE! Join today! Learn More - View Video ...(Learn More) Play Schaeffer's New Addictive Game: Stockdoku Addicted to Sudoku or crossword puzzles? Then you'll love Schaeffer's Stockdoku. It's Sudoku with a stock market twist!..(Play the Game Now) SchaeffersResearch.com Market ObservationsTimely market observations from Bernie Schaeffer and the traders at Schaeffer's Investment Research. Discussions on stock and option trading; technical, fundamental and sentiment analysis; finance and investing. Asia Markets: Banks, resource stocks lead region's rebound Asian markets surge Monday, with lenders such as National Australia Bank and Korea Exchange Bank soaring after last week's heavy losses, as countries around the world move on emergency measures to stabilize the global banking system.  Sovereign may sell itself to Banco Santander for $2.53 bln Spain's Banco Santander SA is in late-stage talks to acquire Sovereign Bancorp Inc. in a deal that could be worth as much as $2.53 billion, according to a published report.  Euro-zone leaders agree to market rescue plan Leaders of the 15 euro-zone countries agree to an action plan that will guarantee loans between banks through 2009 and allow governments to buy stock in distressed financial companies.  Text of euro-zone nations' rescue plan summary Following is the text of the joint statement from Sunday's euro-zone leaders summit.  V. Phani Kumar's This Week in India: Larsen & Toubro, HDFC Bank report, as liquidity crunch eases Investors in India are hoping that the collective efforts by global leaders to restore confidence in the financial and credit markets -- and likely strong earnings reports from Larsen & Toubro and HDFC Bank -- will return some sanity to the marketplace.  Craig Stephen's This Week in China: Hong Kong seeks to unfreeze money markets For now, mainland China -- with its closed capital accounts and tightly regulated banking system -- appears to have an easier task in dealing with the global financial crisis than does Hong Kong's freewheeling international financial markets.  NewsWatch: Nations across globe rolling out emergency bank measures Financial authorities around the world are reported moving on new emergency measures to recapitalize banks, guarantee bank deposits and stabilize the world banking system amid fear of a global meltdown.  IMF chief: World now has a plan International Monetary Fund Managing Director Dominique Strauss-Kahn says that leading economies now have coordinated, detailed and comprehensive plans to resolve the severe credit crisis.  Nations across globe rolling out emergency bank measures Financial authorities around the world are reported moving on new emergency measures to recapitalize banks, guarantee bank deposits and stabilize the world banking system amid fear of a global meltdown.  Real Estate: With mortgage money harder to get, some sellers are making loans It’s much harder to get a mortgage today than it was a couple of years ago. That’s why some home sellers are stepping in and financing deals on their own.  MarketWatch.com - Top StoriesMarketWatch, a leading publisher of business and financial news, offers users up-to-the minute news, investment tools, and subscription products. Bold Pledges From World Leaders, but Investors Await the Details Persuading banks to start lending to one another again is one key issue. Mitsubishi and Morgan Stanley Renegotiating Mitsubishi was pressing for more favorable terms on Sunday after Morgan Stanley lost nearly half its market value during last week’s stock market plunge. Spanish Bank Said to Be Close to Buying Sovereign Bancorp Banco Santander of Spain is in advanced talks to acquire Sovereign for about $2.5 billion, people briefed on the matter said. Margin Calls Prompt Sales, and Drive Shares Even Lower Some analysts are concerned about a situation in which margin calls occur in larger numbers, causing an even bigger wave of selling. A Potential Merger Weighs on Detroit Merger talks between General Motors and Chrysler are a gut-punch to a city reeling from scandal and a downturn. Protectionist Policies Won’t Solve Crisis, Paulson Says Appealing for global unity in a time of crisis, Treasury Secretary Henry M. Paulson Jr. said Sunday that isolationism and protectionism do not offer a way to contain the spreading damage. White House Overhauling Rescue Plan A new plan to inject capital into banks raises questions about whether officials squandered time selling an earlier bailout approach. Those With a Sense of History May Find It’s Time to Invest Some investors say that the sell-off has gone too far and that stocks could stage a powerful rally. G.M. Said to Seek Merger With Ford Before Chrysler G.M. executives are said to have approached Ford about a merger in July, but Ford rejected the idea. Amid the Gloom, an E-Commerce War Seven years ago, eBay was an online juggernaut and Amazon.com its weaker rival. How times have changed. Across the Country, Fear About Savings, the Job Market and Retirement As the market continued its steep slide, many Americans say they are sensing losses beyond the short-term hits to their portfolios. Economic View: Got $700 Billion? Sweat the Details The bailout bill is laden with all kinds of vague legislative guidelines and there are lots of details the next Treasury secretary will have to grapple with. Finance Students Keep Their Job Hopes Alive Financial companies are shedding tens of thousands of jobs, yet applications to graduate business schools rose this year. Everybody’s Business: Fear and Loathing in La Jolla The Wall Street-Treasury-Federal Reserve axis is hated, loathed and feared by an angry mob of investors in the San Diego suburb of La Jolla. A Power That May Not Stay So Super Britain overreached imperially. The U.S. has been doing it financially. The Frugal Teenager, Ready or Not With no choice but to cut back, parents say “no” and children say, “Huh?” Link By Link: Spinning a Web of Lies at Digital Speed In recent days there has been a range of false Internet reports that managed to gain great purchase across the globe while the truth is still logging on. Breakingviews.com: Crisis Is Milder Outside Finance With everyone trying hard to keep a depression away, the authorities ought to be able to win the monetary battle in relatively short order. Deal for Wachovia Wins Fed Approval The Federal Reserve has approved Wells Fargo’s $11.7 billion acquisition of Wachovia. In the Region | Connecticut: How Talks Can Avert Defaults A court-based mediation program is helping Connecticut homeowners find their way through the always frustrating, sometimes excruciating process of foreclosure. Suits: Slow Road to Wealth, With ‘No Shortcuts’ Amid last week’s market tumult, Mark Cuban, tackled the subject of “How to Get Rich.” His advice may not be a mood-lifter. Shifting Careers: In Hard Times, Lawyers Advise Cautious Steps Two employment lawyers discuss some of the conflicts they expect to arise as financial companies disappear, change, merge and downsize. Mortgages: When an ARM Makes Sense Rates on bigger mortgages are giving borrowers cause to carefully consider ARMs, and mortgage specialists say they are worth a look. Reaching for a Higher Profile, Abu Dhabi Opens a Hub for Western Media CNN, The Financial Times and other media companies are setting up shop in Abu Dhabi, an island city that is the capital of the United Arab Emirates. Study Warns of Hearing Loss From Music Players A scientific study for the European Union found that listening to personal music players at high volume can threaten permanent hearing loss. For Greenspan’s Wife, Covering the Financial Crisis Is on a Case-by-Case Basis Andrea Mitchell, NBC News correspondent and wife of the former Fed chairman Alan Greenspan, has for years kept her potential conflict of interest in check. The Media Equation: L.A. Follows Its Own Script People who finance Hollywood continue to make large bets that people will still go to the movies. It’s Easy to Find Tina Fey on TV, but Not Her Show With Ms. Fey about the hottest name in show business right now, several NBC executives have asked why her show “30 Rock” won’t be on air until Oct. 30. Advertising: Newspapers’ Web Revenue Is Stalling Newspapers, already facing a grim economic forecast, are digesting another piece of bad news. Mainstream News Outlets Start Linking to Other Sites By embracing the hyperlink ethos of the Web to a degree not seen before, news organizations are acting in effect like aggregators. Korean Star’s Suicide Reignites Debate on Web Regulation When movie star Choi Jin-sil was found dead, South Korean police, the media and members of Parliament immediately pointed fingers at the Internet. Drilling Down: A Pop-Up Ad That’s Less Annoying In a 2003 survey, nearly a third of respondents said that Internet pop-up advertisements were “never appropriate.” Looking Ahead Economic events for the week of Oct. 13, 2008. Treasury Auctions Set for This Week Treasury’s schedule of financing this week. ‘Chihuahua’ Is Top Draw at Box Office A picture about talking dogs, “Beverly Hills Chihuahua,” trampled Leonardo DiCaprio and Russell Crowe at the weekend box office. Fair Game: Regulators in Need of Rehab Regulators have completely squandered any trust that taxpayers may have had in them. Earning it back is going to take time and a commitment to transparency. NYT > Business Euro Nations to Guarantee Bank Refinancing Nations in Europe's single-currency zone agreed Sunday to temporarily guarantee bank refinancing as part of a raft of emergency measures to ease the credit crisis. British Banks Set for 40 Billion Pound Rescue Bush, World Leaders Try to Calm Jittery Markets Iceland, Britain Make Progress on Icesave Deposits Dutch Providing $27 Billion for Financial Companies Markets to Fall 20% More at Most: IMF Economist Lagarde Sees New Proposals at Eurogroup Meeting Italy Ready to Present Global Finance Reform Plan Belgium Offers Fortis Shareholders Profit Coupon Bank Crisis: US Should Follow UK's Lead, Ross Says Ireland's Economy Ends Long Winning Run We Are Facing an 'Inflation Holocaust': Jim Rogers Russian Lender Asks Clients to Pay Full Mortgages Now Full Coverage of Europe's Banking Crisis CNBC Europe Top News and AnalysisStock Market News, Financial, Earnings, World Market News and Info Covering the Europe Region Morgan Stanley, Mitsubishi UFJ Are Renegotiating Deal Morgan Stanley and Mitsubishi UFJ Financial Group are renegotiating the terms of their deal in which the big Japanese bank had initially agreed to sink $9 billion into Morgan for a 21% stake in the venerable investment house, CNBC has learned. Identifying Capitulation: How to Tell We've Hit Bottom Australia Guarantees Bank Deposits Plan Pushed for Government to Buy Bank Stocks US Market Insider: Thawing The Glacial Credit Freeze Global Crisis Hits Japan's Financial Sector China Looking Inward as Foreign Economies Slow Hyundai Motor Unlikely to Meet 2008 Sales Goal Rogers: G7 Should Leave Economies Be Mazda: Ford Hasn't Yet Decided to Sell Stake CNBC Asia Top News and AnalysisNo Description Provided Weekly Review: Stocks Up and Down on Volume After the worst week in stocks, at least since the Dow 30 has been calculated in its present form, we highlight below some of the S&P 1500 stocks that were actually up last week. As shown, there were no stocks that were up on above average weekly volume, but there were several stocks that were up on below average weekly volume. The stocks shown below as being down were not necessarily down the most, but were down the most out of the stocks trading above average weekly volume. the next CRASH: After A Year of Wondering It's Finally Here the next CRASH was written and distributed to Birinyi Associates' clients in August of 2007. In it Mr. Birinyi questioned the rational behind structural changes such as decimalization, ECNs, and increasingly more complex trading strategies and vehicles. As a result of the essay, Birinyi Associates arrived at the conclusion that "the markets in the first decade of the 21st century are prone to systemic failure as a result of technological innovations and utilization, rapid growth of sophisticated but not necessarily vetted instruments, and other changes in the wide world of finance...We believe the various structural reforms of the 1990s have not achieved the desired effect with regard to the individual." Birinyi Associates continues to be on the forefront of market research and analysis. Their work and commentary is featured by Forbes, Reuters, Bloomberg, the Wall Street Journal, Barron's and the New York Times almost daily. To stay ahead of market developments, macro trends, and market scuttlebutt that isn't mentioned in the news many investors, traders, institutions and individuals turn to Birinyi Associates. Click here to learn more about Birinyi's newsletter and one of the finest research products available, the Mini-Institutional service. Dow Down 40%: a Few Bright Spots As of this morning's current levels (8270 on the DJIA), the DJIA is down over 40% from its peak on 10/9/07. Below we have highlighted similar declines since in the Dow since 1900. The chart highlighting these significant declines could be comforting some and disconcerting to others. We cannot say when the bottom will occur, frequently they are when we least expect them, but in every occurrence save one the market rallied back to its pre-decline levels within the next year or two. The part that may be less comforting is that the market takes a long time before another rally ensues. Many commentators have compared this bear market to that of 1974. Until the most recent downturn they had been similar, but this decline so far has been just as bad in half the time. Judge for yourself which decline is most similar to this one. Birinyi In the News Laszlo Birinyi will appear on Bloomberg TV today at 11:15am to discuss the US equity market and the psychology behind the volatility in stocks. Birinyi In the News Laszlo Birinyi will appear on CNBC today at 3:30 to discuss volatility in the US equity market and strategies going forward. Would You Expect a 30% Rally Over the Next 12 Months? According to Birinyi Associates' most recent bottoms up analysis on the S&P 500, a consensus of analysts covering those stocks expect the market to rally over 31% within the next year. (This is calculated as if every stock were to reach its respective price target within the specified time - usually 1y or 6mo.) Anyone who has been watching stocks over the last 6 months probably knows, not thinks... knows, that Google for example will not rally to 620 within the next year. To see a complete list of the expected impact of each sector, group and stock on the overall market try subscribing to Birinyi's Mini-Institutional service.Analysts are historically bullish on their stocks. US Steel for example is trading at an estimated P/E of 2.7. The stock is down 53% year-to-date, the people trading that stock obviously do not agree with the analysts. Earnings season begins tomorrow. We would not be surprised to see a string of estimate revisions and downgrades as these companies come closer to reporting. With that in mind, market bottoms are sometimes associated with extreme negative sentiment October 6th Blogger Sentiment Poll There are more bears than bulls in this week's poll. Blogger Sentiment Poll Participants:24/7 Wall St. (-) Carl Futia (+) Dash of Insight (-) Elliot Wave Lives On (+) Fallond Stock Picks (+) In the Money Information Arbitrage (-) Jack Stevison (+) Learning Curve (+) Knight Trader (N) MaoXian Millionaire Now (N) Navivest (-) Peridot Capitalist (+) Quant Investor (+) Random Roger's Big Picture (-) Smart Money Tracker (N) Stock Advisors.com Wall Street Folly Wishing Wealth (-) Google's 9/30 Activity: What If OOPS Doesn't Cut It Most people trading yesterday may have noticed any number of market irregularities occurring in GOOG, ROG, GE or other stocks about five minutes before the close. Take a look at the tic-by-tic chart of Google shown below. We are only able to highlight one minute of trading, but in the last three minutes of the trading day GOOG ticked as low as $0.01 and as high as $500. The chart above represents about 1500 trades or about 1.6mln shares, all of which were busted. The NASDAQ issued a press release saying that any GOOG shares traded below $400.52 and above $425.29 between 3:57 and 4:02 would be broken (GOOG traded as high as $404 at 4:00pm).There are two significant problems with this kind of a situation. 1) Over 5000 shares traded above $400.52 at 4:00, what happens to those people who bought low and sold high? They are stuck with the sale and have to go back into the market and buy stock; probably at a higher price than they sold it. What occurred in the marketplace to drive the stock down so wildly? There were rumors of sell programs gone wrong, but are those people are forgiven and their terrible sales wiped away?2) Google trading down $50 in the blink of an eye is not out of the realm of possibilities. On 4/18/08 the stock opened up $80. On 11/08/07 it was down $60 from high to low. See the chart below of Apple on 10/11/07. For seemingly unknown reasons the stock traded down about -9.5%. For comparison, that would have been a decline in Google to $362 yesterday. The trades in Google were broken, the trades in Apple were not.Furthermore, these errors occuring in GOOG, GE and ROH occured on the last day of the month and the last day of the quarter. We are not sure, and there is no proof, but that does raise the question of manipulation for purposes of reporting.The other part that is very troublesome is that these examples are contained to just one or two stocks daily; what happens if someone's sell program for Dow names goes wrong? September 29th Blogger Sentiment Poll The bulls have come out of hiding this week. Blogger Sentiment Poll Participants:24/7 Wall St. (N) Ahead of the Ticker (+) Carl Futia (+) Crowder Blog (-) Crossing Wall St Daily Dose of Optimism (+) Dash of Insight (-) Elliot Wave Lives On (+) Fallond Stock Picks (N) In the Money Information Arbitrage (+) Jack Stevison (-) Learning Curve (+) Knight Trader (N) MaoXian Millionaire Now (N) Navivest (+) Peridot Capitalist (+) Quant Investor (+) Random Roger's Big Picture (-) Smart Money Tracker (+) Shark Report (N) Traders-Talk (-) Wall Street Folly Wishing Wealth (-) RIMM Down on Earnings Research In Motion (RIMM) is currently down $25 after missing its EPS estimate by a penny yesterday and lowering short-term guidance. The four other times RIMM has missed its estimate the stock has been down on the next day. Subscribe to Birinyi's Mini-Institutional service and receive detailed trading scenarios when they matter. How does GOOG trade on an EPS beat? when does AAPL bottom after they announce conservative guidance? Nobody can tell you what will happen tomorrow, at Birinyi Associates we use the market's history as a guide and send clear, to the point notes to subscribers. Click here to learn more about Birinyi products and services. Ruling Out Speculation in the Oil Market Well, not quite... Some of you may be wondering this morning why, if oil posted its largest gain ever yesterday and closed at $120/barrel sending the markets into a tailspin, crude is quoted at $107.60, down $1.81/barrel. Yesterday's price action was the most cut and dry example of speculation in the commodities markets we have seen to date. Contracts for October delivery expired yesterday, meaning anyone who was short those contracts would either have to cover their short or deliver the oil. A $25 spike was the result of hasty short covering before the market closed. September 22nd Blogger Sentiment Poll This week's poll continues to be bearish. Blogger Sentiment Poll Participants:24/7 Wall St. (N) Ahead of the Ticker (+) Carl Futia (+) Crowder Blog (-) Dash of Insight (-) Elliot Wave Lives On (+) Fallond Stock Picks (N) In the Money Information Arbitrage (-) Jack Stevison (-) Learning Curve (+) Knight Trader (N) MaoXian Millionaire Now (N) Navivest (-) Peridot Capitalist (+) Quant Investor (+) Random Roger's Big Picture (-) Smart Money Tracker (N) Stock Advisors.com Traders-Talk (-) Wall Street Folly Wishing Wealth (-) Ticker Sense STOCK MARKET INDICATORS Market Overview and IndicatorsStock Markets OverviewVolume LeadersPercent AdvancesPercent DeclinesDaily 52 Week HighsDaily 52 Week LowsMarket IndicesS&P 500NASDAQ 100Exchange Traded Funds - ETF WatchFOREX FX Exchange RatesFutures Prices by ExchangeFutures Prices by TypeUS Morning Call CommentaryStock Market News, Indicators, and Market Industry Articles Source. Want to find out what is happening in the Stock Markets? Check out iHaveNet.com for the latest Stock Market News by Sector and Industry on the latest Market top stories and more. Your Single Source to Stock Market, Economic, Business and Industry News Articles.Click Here for More BUSINESS NEWS Industries:AgricultureAirlineAutoBeverageBiotechBookBroadcastCableChemicalClothingConstructionDefenseDurableEngineeringElectronics Firearms Food Gaming HealthcareHospitality Leisure Logistics Metals Mining Movie MusicNewspaper Nondurable Oil & Gas Packaging Pharmaceutic Plastics Real Estate Retail Shipping Sports Steelmaking Textiles Tobacco Transportation Travel Utilities Industry Business News, Current Events and Business Industry Articles Source. Want to find out what is happening in Industries? Check out iHaveNet.com for the latest Business News by Industry on the latest Industry top stories and more. Your Single Source to Business and Industry News Articles.Click Here for Morevar AdBrite_Title_Color = '000066';var AdBrite_Text_Color = '000000';var AdBrite_Background_Color = 'FFFFFF';var AdBrite_Border_Color = '000066';var AdBrite_URL_Color = '000066';try{var AdBrite_Iframe=window.top!=window.self?2:1;var AdBrite_Referrer=document.referrer==''?document.location:document.referrer;AdBrite_Referrer=encodeURIComponent(AdBrite_Referrer);}catch(e){var AdBrite_Iframe='';var AdBrite_Referrer='';}document.write(String.fromCharCode(60,83,67,82,73,80,84));document.write(' src="http://ads.adbrite.com/mb/text_group.php?sid=870540&zs=3136305f363030&ifr="+AdBrite_Iframe+'&ref='+AdBrite_Referrer+'" type="text/javascript">');document.write(String.fromCharCode(60,47,83,67,82,73,80,84,62));Your Ad Herevar AdBrite_Title_Color = '000066';var AdBrite_Text_Color = '000000';var AdBrite_Background_Color = 'FFFFFF';var AdBrite_Border_Color = '000066';var AdBrite_URL_Color = '000066';try{var AdBrite_Iframe=window.top!=window.self?2:1;var AdBrite_Referrer=document.referrer==''?document.location:document.referrer;AdBrite_Referrer=encodeURIComponent(AdBrite_Referrer);}catch(e){var AdBrite_Iframe='';var AdBrite_Referrer='';}document.write(String.fromCharCode(60,83,67,82,73,80,84));document.write(' src="http://ads.adbrite.com/mb/text_group.php?sid=870540&zs=3136305f363030&ifr="+AdBrite_Iframe+'&ref='+AdBrite_Referrer+'" type="text/javascript">');document.write(String.fromCharCode(60,47,83,67,82,73,80,84,62));Your Ad Here STOCKS HOME | WORLD | USA | BUSINESS | WEALTH | STOCKS | TECH | HEALTH | LIFESTYLE | ENTERTAINMENT | SPORTS | RSS Welcome to iHaveNet.com - See how efficient the web can be! Your single source for Stock Market Headlines, Investment News and Market Commentary_uacct = "UA-688676-1";urchinTracker(); |
|