ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It has been a very long time since a stock blindsided me, but the sting is no less powerful! Yesterday, SunPower (SPWR) dropped the AA-bomb – audit and accounting, announcing that: “…based upon an internal review of its Philippine manufacturing operations, the company believes there may have been unsubstantiated accounting entries made in the first … Read more
Stocks Overvalued, Recession Will Return: Meredith Whitney – CNBC.com Stocks are overvalued and the US economy is likely to fall back into a recession next year, well-known analyst Meredith Whitney told CNBC. (tags: Meredith_Whitney) Incentives, Falling Cost and Rising Demand in China's PV Market – Renewable Energy World …solar PV is starting to increase its … Read more
Probably one of the longest running jokes in the financial markets is the amount of time U.S. officials spend talking about their support for a strong dollar while taking no action to actually support a stronger currency. On Monday, Federal Reserve Chairman Ben Bernanke made a rare contribution to the bluster by stating his own … Read more
The WSJ reports in “General Electric Pursues Pot of Government Stimulus Gold” that General Electric (GE) hopes to earn about $192B in sales from government-funded economic stimulus programs in the U.S. and foreign nations. The article goes on to describe GE’s various lobbying efforts, CEO Jeffrey Immelt’s ardent support for the U.S. stimulus bill (the … Read more
FHA cash reserves fall below legal limit – washingtonpost.com The Federal Housing Administration's cash reserves have shrunk to a level far below what is required by law, and the agency could need taxpayer funding if worst-case scenarios play out, according to an independent audit designed to measure the agency's financial soundness. (tags: FHA housing mortgage) … Read more