Current Financial News

In Wal-Mart We Trust (WMT)

Buy Wal-Mart (NYSE:WMT), the End.  It's really as simple as that.  Times are tough, investing is even worse, and there's only one evil corporation that will benefit during a time like this...take a guess who?

I pity the fools who hate Gold

Mr. T loves GoldLet the Bears run on Gold, all it does is make gold lovers like Mr. T mad.  Yamana (NYSE:AUY) and other gold stocks are taking a beating today, the question is, for how long?

Coal is not King today, that crown goes to oil. Peabody (NYSE:BTU) is down 12% and Arch Coal (NYSE:ACI) down 14%. If these guys continue to drop, we may have to Buy on weakness.

MC Hammer - PrayAgain with the 'told you so',  Should the Market Rally, play High Short Interest Stocks (UA, NFLX, URBN), the 5 day move on UA is at 10%+ and URBN is at 8%+ since last Thursday.  Turns out Gustav didn't kill the market or the country, praise all that is holy.

The market knows from experience that infrastructure problems can emerge long after a hurricane strikes; early reports following Katrina's landfall in 2005 erroneously said the flooding in New Orleans was not going to be problematic. Stocks fell in overseas trading Monday after crude fell below $111 a barrel in electronic trading on the New York Mercantile Exchange, and their declines will weigh on the Dow Jones industrials and other indexes.

Gustav gathered force and slammed into Cuba as a Category 4 hurricane Saturday, giving oil bears and stock market bulls cause for concern. Monday's trading should be out-of-control.

Mixed Bag, UUP or Cash

On a day like this, sometimes its best to just clear the portfolio and take a breather.  With Auto Sales set to report next Tuesday along with a bunch of other crap that could bring the market to its knees, why risk it? Despite the Debbie Downer U.S. economy, the Bullish dollar, aka. PowerShares DB U.S. Dollar Index Bullish (AMEX:UUP) looks good.

Via the, James Cullen ponders is Warren Buffett Buying more American Express (NYSE:AXP) shares?

As we mentioned last Friday, Should the Market Rally, play High Short Interest Stocks (UA, NFLX, URBN).  Today that was the case for the best of that short list we put together with Under Armour (NYSE:UA) moving 8% since Tuesday's dip to $30.66.

Sears Holdings Corporation (NASDAQ:SHLD) shares are holding their own today, up 4.5% after reporting net income fell 62%. Not a surprise but full-year profit may decline as the U.S. economic slump persists, which makes the 57% Short Float for SHLD extra special.