Financial News

The big jump in the chart on the left is the Windows 7 effect that PC makers Hewlett-Packard Company (NYSE:HPQ) and Dell Inc. (NASDAQ:DELL) have been waiting for.

Data for the week ending October 24th, which included three days of Windows 7 sales, reflect PC sales jumping 40% yoy.

Which PC Maker should you invest your hard earned dollar in - HPQ or DELL?

The case for DELL:

Two Words summarize DELL - Balance

Got a quarter? You're in luck, you can buy one share of CIT Group (NYSE:CIT). CIT shares are down 63% since last Friday and doomed thanks to the company's filing for the 5th largest U.S. bankruptcy on Sunday.   Thank you U.S. Taxpayer, remember how we forked out $2.3 billion in TARP funds to buy CIT's common stock, those same shares that are valued at 25 Cents today? Well, kiss that money good-bye thanks to CIT's Chapter 11 filing, we aren't getting a penny back, that's right, welcome to..

Domino's Pizza (NYSE:DPZ) shares have been left for dead and the number one credit card company is still Visa (NYSE:V), forget Mastercard (NYSE:MA) which is down 4% today at over $200 a share.  Charge your Domino's pizza on your Visa card, the end.

America’s biggest companies are “hoarding” cash at a record rate - good for them.  Cash is King and Cash Rules Everything Around Me.  U.S. companies are holding more cash -- and a greater percentage of assets in cash -- than at any time in the past 40 years.

Shares of LDK Solar are down 22% today on news of Q-Cells terminating their supply deal.

LDK commented today commented on Q-Cells SE's announcement of its unilateral termination of the solar wafer supply agreement concluded with LDK Solar in December 2007. In its announcement, Q-Cells has claimed that LDK Solar has not fulfilled significant contractual obligations under the supply agreement. LDK Solar vigorously disagrees with Q-Cells' claims.

Domino's Pizza, Inc. (NYSE:DPZ) shares have taken a beating since Oct 13th (down 22%) and despite the company's profit of 17 cents per share that was two cents better than analysts expected, the selling continues? Hungry for Pizza yet?

So much for those big gains yesterday, they are gone today.  The Masters did try to warn you.
Today's Great Reason: Consumer Spending sucks and the Powers-that-be are worried that the economic recovery won't be sustainable.  Kicked right down the hole America.

As the DOW sheds -250 points today, let's recap all of the articles the Stockmasters posted in October about the market correction that we expected:

How to profit from the Selloff

http://thestockmasters.com/Short-ETF-MYY-PSQ-SBB-10272009.html

Looking for an excuse to sell?

http://thestockmasters.com/node/1781

The Dollar and Yen are sinking against the Euro as funds head for higher-yielding assets. "Risk is back on," says Bank of New York Mellon currency strategist Michael Woolfolk. The dollar -0.9% against euro; -1.2% against pound; -0.9% against Swiss franc; -2.3% against Aussie dollar; +0.8% against Yen.  Jigga, what, Jigga who?

Citigroup Inc. (NYSE:C), our favorite 32% owned U.S. Taxpayer 'financial company' that owes us $45 billion in TARP funds is worth your attention because its common shares are trading at a very important treadline.
Thanks to WallStNation.com, enjoy the analysis.