Financial News

Domino's Pizza, Inc. (NYSE:DPZ) shares have taken a beating since Oct 13th (down 22%) and despite the company's profit of 17 cents per share that was two cents better than analysts expected, the selling continues? Hungry for Pizza yet?

So much for those big gains yesterday, they are gone today.  The Masters did try to warn you.
Today's Great Reason: Consumer Spending sucks and the Powers-that-be are worried that the economic recovery won't be sustainable.  Kicked right down the hole America.

As the DOW sheds -250 points today, let's recap all of the articles the Stockmasters posted in October about the market correction that we expected:

How to profit from the Selloff

http://thestockmasters.com/Short-ETF-MYY-PSQ-SBB-10272009.html

Looking for an excuse to sell?

http://thestockmasters.com/node/1781

The Dollar and Yen are sinking against the Euro as funds head for higher-yielding assets. "Risk is back on," says Bank of New York Mellon currency strategist Michael Woolfolk. The dollar -0.9% against euro; -1.2% against pound; -0.9% against Swiss franc; -2.3% against Aussie dollar; +0.8% against Yen.  Jigga, what, Jigga who?

Citigroup Inc. (NYSE:C), our favorite 32% owned U.S. Taxpayer 'financial company' that owes us $45 billion in TARP funds is worth your attention because its common shares are trading at a very important treadline.
Thanks to WallStNation.com, enjoy the analysis.

Gross Domestic Product is the word of the day today.President Barack Obama is hailing new figures showing the economy grew at a 3.5 percent rate in the third quarter, saying the country has "come a long way" since early this year.

In remarks prepared Thursday for a small business group, Obama said he believes the new figures are "an affirmation that this recession is abating and the steps we've taken have made a difference." The economy had shrunk by 6.4 percent in the first quarter.

The president cautioned, however, that "we have a long way to go to fully restore our economy" and recovery from the deepest business slump since the 1930s-era Great Depression. He called the report "welcome news."

The Fed's rate-setting policy meets November 3-4 and is widely expected to leave rates unchanged at record lows, but some obser

Altria Group Inc. (NYSE:MO) beat the Street by one Penny last week and despite a solid guidance with products that American's have grown to love over the years shares are stuck at $18.  Tack on Altria's 28.7% stake in the world's largest brewing company SABMiller and you got yourself a tough guy that is just waiting for the right time to smoke the competition.

Cash losses by investors in Monster Bernard Madoff's Ponzi scheme have jumped to $21.2 billion from the $13 billion in June, says the trustee overseeing claims. Victims have received allowed claims of $4.4 billion  - about $1.4 billion of which has been recovered - and advance payments of $534.2 million.

Shares of Garmin Ltd. (Public, NASDAQ:GRMN) are down 16% today on news of Google Android 2.0's new Navigation app.Google can now display these maps without having to pay royalties to a third party and without having to negotiate a new contract with Tele Atlas.

In one swoop, Google has demolished the GPS industry. Mapping companies like Tele Atlas or NAVTEQ make their money by licensing their data to GPS developers like TomTom or Garmin.

Here are some features of the new Google GPS app:

Search in plain English
Google Maps Navigation brings the speed, power and simplicity of Google search to your car. If you don't know the address you're looking for, don't worry. Simply enter the name of a business, a landmark or just about anything into the search box, and Google will find it for you. Then press "Navigate", and you're on your way.

If Bobby Boucher’s Mom in the Waterboy would have talked about shorting stocks, I’m sure she would have said “Shorting Stocks is the DEVIL”.

For those of you who are like Bobby Boucher’s mom, you need to get in on some inverse ETF’s to take advantage of the current market selloff. Shorting stocks can be a pain, i.e. you have to get your brokerage account approved for short selling and buying on margin. 

The easy way to short on a downturn is to