Current Financial News

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 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.

Why cheap gas can't save the economy

Gas DudeGood article on gas prices at CNN Money. While cheap gas won't save the economy, lower gas prices should boost consumer confidence and the Xmas season won't be as bad as some think.

NEW YORK ( -- The stock market stinks like a moldy piece of Limburger cheese. Unemployment is on the rise. Home prices continue to fall. There are fears that one or more of Detroit's Big Three could go bankrupt.

Citigroup Inc. (C) shares make me Scream

Michael and Janet Jackson - ScreamCitigroup Inc. (NYSE:C) shareholders, like your shares now worth $4.71 just quote Michael : Tired of injustice, Tired of the schemes, The lies are disgusting, So what does it mean.  Kicking me down, I got to get up, As jacked as it sounds, The whole system sucks.