Archive for April, 2009
Insider Selling Jumps to Highest Level Since 2007
Is a 2009 stock market crash looming? Here’s why it might happen..
April 24 (Bloomberg) — Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market.
Gap Inc.’s founding family sold $45 million of shares [...]
Cramer Discusses Credit Card Dilemma
If credit cards don’t charge a certain interest, they would go out of business. Their business model is revenue from people who do not pay their bills.
Apple Cuts 1,600 Jobs !
CNET reports that Apple let go 1,600 jobs in retail during its second fiscal quarter. Even Apple being wary about its forward outlook on economy and its products.
SEC Filing
Chrysler Bankruptcy Maybe Next Week
The New York Times reported that the Treasury Department was preparing a Chapter 11 bankruptcy filing for Chrysler as soon as next week.
Stock Market Facing ‘Significant Pullback’
As I said to you a couple of days ago, I think there’s nervousness back in the market. The next several days will tell us whether it’s going to be a significant pullback or just a cleanup of the overbought condition.
Jobless Claims at 640,000 and Rises 27,000
New claims for jobless benefits rose by a slightly more than forecasted 27,000 last week. After the unexpected Easter-related drop in claims last week we expected a bigger rebound, taking claims back to their highs of around 670,000.
Google and China Growth
Money in China is moving into online advertising in large amounts despite economy. Lee Kai-Fu
Morgan Stanley Q1 ‘08 Earnings – $177M Loss
The first-quarter loss was 57 cents a share. The company had $1 billion of real estate losses in the first quarter and writedowns of $1.5 billion from an accounting loss related to an improvement in the firm’s debt.Morgan Stanley cuts its quarterly dividend by 81% in a move that will save $1B/year.
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