Financial News

Think your stocks are doing bad?  Try the best steakhouses in the country, in the last year Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) shares have fallen 70% and Morton's Restaurant Group, Inc. (NYSE:MRT) is down 64%. 

Beef.  It's what people don't want to pay for when out for dinner.

Borders Group, Inc. (NYSE:BGP) shares got hit before the close today finshing down 8% at $4.69.  Despite a new online borders.com re-launched to sell their books and goods without help from Amazon.com, Wall Street continues to punish BGP shares.  Why do we care? How about the 25 million Borders Rewards customers that can shop online now, and not at Amazon.

Nucor Corporation (NYSE:NUE) is down 14% in the last 5 days and Cleveland-Cliffs Inc (NYSE:CLF)  down 17% since Monday.  All thanks to speculation and a Bloomberg article and down the big boys go.  Today, those stocks are being bought back in a hurry, gitty up Masters.

Good article on CNN Money today about the Real Estate market, check it out: 

So what does this picture have to do with the story?  Nothing, but damn its funny.

Fellow Masters, passing on an article by Evan Newmark.  Some good laughs and truths that may help you, as the Beasties put it check your head if you will during these volatile trading days.

By now you've heard the news about Starbucks Corporation (NASDAQ:SBUX).  They are closing 600 U.S. stores, 12,000 employees will be fired, and after hours yesterday the stock jumped 7%.  Today, its 50 cents above SBUX shares 52-week low.  A lesson in saturation Corporate America.

If you build it, doesn't mean they will come. 

Jamba, Inc. (NASDAQ:JMBA) shareholders are throwing up everything today after shares hit $1.58.  The 52-week decline is now at -82%, that's right, WaMu bad.  So do you keep drinking the juice even if your stomach can't take it?  Stan can't.

Forget what you think you know, this Bear market is killing everything.  What isn't it killing?  Brazil and Energy stocks.  For a combo of both, turn to Companhia Paranaense de Energia (ADR) (NYSE:ELP), better known as Copel.

Evergreen Solar (ESLR) has long been the underdog of the solar sector. Just take a look at their competition:

Under Armour, Inc. (NYSE:UA) keeps taking a beating.  Now the Short Float is at 70% and shares are just above $25. But Georges Yared is saying they are the next Nike.  Really?