Current Financial News

Return of the Mack and the FXI

Mark Morrison - Return of the MackChinese Stocks are Back, they have been for a while, and between us and WallStNation.com covering the comeback, you already know this.  However, once too many kids get in the pool, the party could come to end, but until then..Return of the Mack.

Sirius XM at 15 Cents a Share?

Sirius XM at 15 CentsSirius XM (NASDAQ:SIRI) recently hit 8 Cents a share, today its at 15 Cents a share.  Yes that would be one dime and one nickel in value.  How did this happen, can it go lower?  One thing is for sure, Howard must be loving those stock options.

Thoratec Corporation (THOR) is gapping up

It’s time to switch things up a little bit here at the StockMasters, with a stock like Thoratec Corporation (Public, NASDAQ:THOR). Lately, all we’ve been doing is bargain hunting – understandable with so many bargain stocks out there.  However, today we’re going to switch gears and take a look at a stock that’s hit a new 52 week high.

There was some volatility in October, but other than that the chart is a site for sore eyes in times when most charts look like there is no bottom in site.

THOR 1 year chart:

K-Fed the DumbshitTons of Bottom Callers out today saying "the worst is over, the S&P is at a bottom, my pants look cool".  Okay, so let's watch the market for a few days, if it sticks, great, we'll all get on board, until then, K-Fed is a great Dad.

It's all over the news today, the White House is saying the Auto Deal is 'very likely'. Daniel Gross at Slate wrote a great post on this last week, courtesty of Slate:

 

Here we go again. The CEOs of General Motors, Ford, and Chrysler are headed back to Washington to ask for congressional help. But this time, they're driving instead of flying their corporate jets. And this time, they've submitted detailed business plans describing how they would use some $34 billion in taxpayer loans to tide them over for the next few years. Ford CEO Alan Mulally has made a video.

 


In the wild, wild west, when a poker player was caught cheating it was a capital offense, with the punishment quickly dispensed right across the card table. But today if you're caught cheating in the popular and lucrative world of Internet poker, you may get away scot-free.

Poker Stocks Take a Pounding in 2008

http://www.findingsecrets.com/img/partypoker_holdem_bet.jpgGood informational article on Cardplayer.com about Poker Stocks:

 

Biggest Loser of the Day: Rock of Ages Corp.

Rock of Ages Corporation (NASDAQ:ROAC) shares are down 20% today, now trading under $2 and despite the company being around since 1885, I can't get past the name.  Que the tight white pants, freshen up your mullet, and let's get to it. 

Wow didn't see this one coming, home prices are now undervalued? Here is the Marketwatch article:

Prices fall in 241 metro areas in third quarter, and are likely to fall further

WASHINGTON (MarketWatch) - The U.S. housing market is now slightly undervalued after rapid price declines have overshot fundamentals, economists for IHS Global Insight said Wednesday.

Airplane the MovieOPEC is scared, oil keeps dropping, and there's only one thing to buy besides the DUG.  The Airline Stocks.  Yes, the horrible never-hit-a-profit Airline sector but have to stay in business.  Its time to Fly and Buy!