Current Financial News

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!

Bank of America (NYSE:BAC) shares were $16.25 on Friday, closing today at $12.85?  Really? Half of U.S. families do business with BofA, really. Yet investors have lost faith and dropped shares 20% today, really??!

$3.9 Trillion Was a Drop in the Bucket

Passing on this article from the Motley Fool, this is crazy:

Ice Cube - Kill at WillAnother crap day on the market and despite the kick off to the online shopping season known as Cyber Monday, the big online stocks all got jacked. So, what to do, buy on weakness or kick them to the curb? (OSTK, EBAY, AMZN, SHLD)