Current Financial News

Dumb and DumberTGIF and the news just keeps getting better.  Sticking with Friday's Dumb and Dumber theme, we turn to Harry and Lloyd to make sense of the economy, unemployment and of course Jedi Mastery. Oh, and U.S. year-to-date job losses hit 760,000.

Dumb and DumberOh no, if Steve Jobs can't run Apple Inc. (NASDAQ:AAPL) you should sell your shares today?  But if he's fine, Buy, Buy, Buy!  American investors should take some notes from Harry and Llyod, maybe they can run the country, it can't hurt at this point.

Trading Spaces - MurphyWe touched briefly on this last week in Hedge Funds will be hitting the 'CASH OUT' buttonNow that Q3 is done, how many clients will be pulling their funds from hedge funds? According to industry outfit hedge fund research, up to 2000 hedge funds can be expected to be liquidated in the coming months. Corner the Market while you can.

True Religion Jeans - $341 JeansHow is this possible? True Religion Apparel, Inc. (NASDAQ:TRLG) shares are actually up 16 YTD, and over the last year shares have climbed 46%.  Despite how good things have been for them (including International sales) how can this company expect to thrive when their 'featured products' cost this much?

 

Trailer Park FunThe DOW is already down 200 points, fun is fun. The number of out-of-work Americans filing new claims for unemployment insurance rose last week to a 7-year high, according to a government report released Thursday.  Long live the Trailer Parks, here we come!

Warren Pimps GE with $3 Billion (GE)

Warren Buffett General Electric (GE)Just like that, General Electric Co. (NYSE:GE) gets $3 Billion from the Oracle and GE will also sell $12 billion in common stock to the public. Berkshire also received warrants to buy $3 billion worth of common shares at $22.25 each over five years.  Buffett is Big Pimping.

AS THE MARKET TURNSIn what is becoming more of a Soap Opera than credible Wall Street and Government function, the US Senate will vote tonight on a $700 billion financial-rescue plan.  So how will they vote? Will the Republicans agree? Will the Stock Market fall apart tomorrow? Or will Sarah Palin finally declare her love for Obama and will a jealous McCain fight for his right to party?  Find out, tonight!

Wal-Mart (WMT) and McDonald's (MCD)At this point in the game, just about every company and stock is looking questionable. But there are two companies that all Americans feel better spending at for bargains and to get a quick smile...McDonald's Corp. (NYSE:MCD) and Wal-Mart Stores, Inc. (NYSE:WMT), they could be the last safe investment.

“Some [European] banks will fail, but there won’t be a Paulson plan for Europe,” says Philippe Martin. In the US, the taxpayer bears a significant portion of the risk. “Nationalization means we give you money, but we take the power. We fire the management, and when the situation gets better we sell the assets and the government makes a profit on some assets.”

Good for them, take that America!

Jack in the ShiningHave investors, shareholders, and our government lost their mindsBailout, Schmailout.  Can't wait to see tomorrow's tape, welcome to the Overlook Hotel, no work and no play makes Jack a dull boy indeed.

Masters, bottom line, keep a large cash position at this point, there's no need to risk your neck.