Current Financial News

General Motors (NYSE:GM) just doesn't get it, check out their new 2009 Hummers, cut & pasted right from their website, aren't those prices just lovely, how about the gas mileage?

GM's 2009 Hummers - Expensive POS

Only 1.2 million Jobs Lost YTD, Nice

Shotgun a Beer FridayThe government reported more grim news about the economy today, saying employers cut 240,000 jobs in October - bringing the year's total job losses to nearly 1.2 million, that takes Unemployment to 6.5%.  The only cure?  Shotgun a Miller Lite.

Hippies Run Whole FoodsCut/Paste from their call yesterday - "Maybe the important point to make here is that, Whole Foods Markets (NASDAQ:wfmi) still considers itself a growth company and we are still producing excellent operating cash flow. We are intending to continue to growth even in this downturn, but just at a more measured pays and a more prudent way." Sure dudes.

The economy is flailing, but Southwest Airlines Co.  (Public, NYSE:LUV) recently reported a there_will_be_blood2.9% traffic increase in October. Oil is way down to $66 a barrel, and Southwest is starting to look tempting.  Or is it?

 

There will be blood (in this article):

You see, I'm an oilman, fellow stockmasters. I have numerous concerns spread across this state. I have many wells flowing at many thousand barrels per day. I like to think of myself as an oilman. As an oilman, I hope that you'll forgive just good old fashioned plain-speaking.

Obama has done it, long live the American Dream, now how can we all make a few bucks playing the market betting on the Obama and the Democrats? Let's get to it.

1st up, time for a Theme Song to get you in the mood:

magic_8_ballIf you think you can predict how the market will react based on which president is elected, guess again. Interesting article on patterns and predictions, courtesy of the NY Times:

Hansen Natural (HANS) hits a double bottom

Hansen Natural Corporation  (Public, NASDAQ:HANS),  reports earnings this Thursday, November 6th. Hansen_Bottles

The stock recently hit a double bottom - a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a reasonable peak in-between.

 

 

Trading on Obama Hopes: Alternative Energy and Stem Cells have been on a huge bull run this last week. StemCells Inc (NASDAQ:STEM) up 100% and Evergreen Solar (NASDAQ:ESLR) up 73%, just in the last 5 days alone, but could the Obama Factor already be priced in these stocks?

Why it's (finally) time to buy stocks

Passing on this article from Fortune on why it's time to get back in the game, good stuff: NEW YORK (Fortune) -- You didn't hear this uttered very often, but over the past decade and a half, through bull and bear market alike, the value proposition for stocks could be stated succinctly: There's nothing to buy.

The fact is that equities were over-valued for years, making them vulnerable to the kind of brutal, sudden sell-off we've just witnessed. But now that the S&P has declined 40% in 12 months, the question is whether equities are at long last a bargain.

Rockband 2Electronic Arts Inc. (NASDAQ:ERTS) stock had a horrible day Friday, dropping 17% and finishing after hours at $23.08 a share.  They lowered their 2009 guidance but its not game over for ERTS yet.