Current Financial News

If the Media says Buy, then Buy

Investors will be watching reports from the nation's biggest stores, along with economic data such as November's payroll report, to determine how deeply the nation's economic downturn has cut into spending. A more complete sales picture of how the Thanksgiving weekend fared won't be known until Thursday, when the nation's retailers report November same-store sales, so get out there and buy useless crap.

Do the exact opposite of Schaeffer

Bernie Schaeffer of Schaeffer's research was on the nightly business report on Friday, and he must have been free-basing crack cocaine before the show. I just think this is horrible, high-risk advice to give at this time. It wouldn't be that bad if he wasn't recommending 5 and 7 month options. Here is the transcript from the show, you be the judge:

 

Bullish (Bull Market)Well-regarded short-seller James Montier has "Never Been More Bullish" according to Bloomberg.  So what is he buying? Let's review his shopping list.

Chyna DollThis week, trading of ishares FTSE/Xinhua China 25 (NYSE:FXI) Calls have been picking up steam.  Place your bets, China could be set for a comeback and its going to be more than 1 Night in China.

Fannie Mae (FNM) up 108% in the last 2 days


Shares of Fannie Mae (NYSE:FNM) fell to a 52 week low of 30 Cents last Friday – but over the last few days of trading, shares have risen 50% a day respectively.

I wish I could say I told you so, but I didn't get to writing about Fannie Mae until today. In spite of that, there is still plenty of room for growth in Fannie Mae shares. The huge jump is not related to a short squeeze – only 5% of the Fannie Mae Float is short. The jump is because of an additional break given to “Main Street”.

Trading China, ETF style

paris hilton goes to ChinaIts no secret, after Paris went to China, their stock market fell apart.  But now that the dust may be settling, its time to jump on the bandwagon with the Chinese ETF's you should be considering: FXI or FXP.

Don't Get Depressed, It's Not 1929

Sweet article on Slate.com today:

Why all those Great Depression analogies are wrong


It's difficult to avoid the comparisons between the current sad state of financial affairs and the Great Depression. "This is not like 1987 or 1998 or 2001," Merrill Lynch CEO John Thain said at a conference on Nov. 11. "We will in fact look back to the 1929 period to see the kind of slowdown we are seeing now." Time depicted President-elect Barack Obama on its cover as Franklin Delano Roosevelt. And in Washington, the buzz is all about what the new team will do in its first 100 days. What's next? Show trials in Moscow?

Google (GOOG) stuck at $250 a share?

Talking Heads - STOP MAKING SENSEWhat gives, the market rallied Friday and continued today yet Google Inc (NASDAQ:GOOG) shares won't move and are actually lower? 

Has everyone lost their mind like David Byrne, if Google can't move then maybe the market has stopped making sense?

Super Obama GirlThe Market is on fire today thanks to the massive Citigroup bailout and Obama set to present the team that will steer his economic policies and navigate a potentially deep recession. Super Obama Girl, up, up, and away.  Hey, whatever works to get the market in a good mood.

 

New GTA DownloadAnother reason to think about buying beat up Take-Two (NASDAQ:TTWO) shares, how about downloadable content for Grand Theft Auto IV: "The Lost and Damned" and a $9 share price.