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General Electric Fizzles - Market Retest of Lows?
General Electric (GE) reported earnings this morning, missing analysts estimates by 7 cents (44 v. 51 estimate). While an estimate miss is never great, lowering yearly estimates can be a sign of slower times. In this case, with GE being the 4th largest, multi-faceted company, any reduction in estimates can be described as […]
New Layout is Live
Our new design is now live! It’s a bit more functional than the previous design and the addition of the video section is nice for those lazy days when one needs to kill some time. In the future, it’s definitely a nice section to place videos created specifically for the blog but for […]
Oil Touches $112 a Barrel on Surprise Draw Down
Oil inventories reported a draw down of 3.2 million barrels versus an estimated 2.2 million barrel increase in crude inventories for last week. The result has been oil racing upwards, briefly touching $112 a barrel and retreating near $111.70. The unexpected draw down, in connection with the higher than expected inventories reported earlier […]
New Earnings Season Begins with Alcoa - Markets Uncertain
Today’s action started off strong but slowly weakened throughout the day as earnings season was on the horizon. Alcoa reported a few minutes ago at 44 cents per share vs. a consensus estimate of 48 cents per share. Currently, Alcoa’s halted pending further news regarding their earnings report.
Weekend Reading - March 29, 2008
On what was supposed to be our real wedding date (dang those Passover reservations at our hotel!), there’s been quite a bit of material to read on the internet. Let’s do this college football style with the good, bad, and just plain ugly.
The Good
Blain over at STTG has once again opened up the Falkin […]
