swordfish Posted July 16, 2009 Report Share Posted July 16, 2009 WTF? This rally, is THIS rally, WoW. Lets see if they can break 945. If yes, then.... I dont understand anything EDIT: my clock in windows was hmmm broken so I opened this thread to early, about 10 minutes before the end of the session Link to comment Share on other sites More sharing options...
swordfish Posted July 16, 2009 Author Report Share Posted July 16, 2009 IBM Reports 2009 Second-Quarter Results -- Diluted earnings of $2.32 per share, up 18 percent; -- Raises full-year 2009 EPS expectations to at least $9.70 from $9.20; -- Free cash flow of $3.4 billion; cash balance of $12.5 billion; -- Net income of $3.1 billion, up 12 percent; net margin of 13.3 percent, up 3.0 points; -- Pre-tax income margin of 18.3 percent, up 4.1 points; largest increase in more than 3 years; -- Gross profit margin of 45.5 percent, up 2.3 points; up 19 of last 20 quarters; -- Revenue of $23.3 billion, down 13 percent, or 7 percent adjusting for currency; -- Software pre-tax margin up 8.3 points; income up 24 percent; -- Full-year 2009 Software pre-tax income expected to grow at double-digit rate and reach $8 billion; -- Services pre-tax margin up 4.1 points; income up 23 percent; -- Services signings up 3 percent; strategic outsourcing signings up 38 percent, both adjusting for currency; -- 17 services deals greater than $100 million; -- Public sector revenue up 7 percent, adjusting for currency. Link to comment Share on other sites More sharing options...
juggler Posted July 16, 2009 Report Share Posted July 16, 2009 ANALists say CIT needs 6 Billion, gubermint stress test had figured 4 Billion in worst case scenario some weeks ago. http://www.bloomberg.com/apps/news?pid=206...id=acxdfpkxaB5c "CIT Group Inc. bondholders are holding calls today to discuss whether to swap some of their claims for equity to reduce the 101-year-old lender’s indebtedness, according to a person familiar with the situation. Pacific Investment Management Co., CIT’s largest bondholder based on regulatory filings, plans to host a call, and debt owners are considering hiring financial and legal advisers" Had no idea PIMPCO was a major bagholder on this one. http://www.bloomberg.com/apps/news?pid=206...id=a0kAlJZXFtzQ I am guessing they loaded up when they saw CIT in trouble and were hoping/counting on US Taxpayers to pay them big bucks. Didn't they do the same with USTreas/FNM/FRE? I that case they did make a lot of dough. Link to comment Share on other sites More sharing options...
shorty Posted July 16, 2009 Report Share Posted July 16, 2009 them common stocks is risky Link to comment Share on other sites More sharing options...
Sudaca Posted July 16, 2009 Report Share Posted July 16, 2009 Subject: Latest Directive from 10 Downing Street Subject: The PM's New Directive. 10 Downing Street London SW1 Dear People of the United Kingdom Due to the current financial situation caused by the slowdown of the economy, your Government has decided to implement a scheme to put workers 50 years of age and older on early retirement. This scheme will be known as RAPE (Retire Aged People Early). Persons selected to be RAPED can apply to the government to be eligible for the SHAFT scheme (Special Help After Forced Termination). Persons who have been RAPED and SHAFTED will be reviewed under the SCREW program (Scheme Covering Retired Early Workers). A person may be RAPED once, SHAFTED twice and SCREWED as many times as the government deems appropriate. Only persons who have been RAPED can get AIDS (Additional Income for Dependants & Spouse) or HERPES (Half Earnings for Retired Personnel Early Severance). Obviously, persons who have AIDS or HERPES will not be SHAFTED or SCREWED any further by the government. Persons who are not RAPED and are staying on, will receive as much SHIT (Special High Intensity Training) as possible. The government has always prided itself in the amount of SHIT it gives out. Should you feel that you do not receive enough SHIT, please bring this to the attention of your local MP. They have been trained to give you all the SHIT you can handle. Sincerely, Gordon Brown Link to comment Share on other sites More sharing options...
Bungster Posted July 16, 2009 Report Share Posted July 16, 2009 I fear the US equity markets will continue to go up as long as the dinar continues to fall....Make it stop momy.... Link to comment Share on other sites More sharing options...
Sudaca Posted July 16, 2009 Report Share Posted July 16, 2009 I kind of agree with that view. I'm currently long BVN and PCU. Link to comment Share on other sites More sharing options...
Bungster Posted July 16, 2009 Report Share Posted July 16, 2009 IBM beats on sales decline....WTF?? It's the damn dollar dropping that is doing this! Fornicators!! Link to comment Share on other sites More sharing options...
Peek Paper Posted July 16, 2009 Report Share Posted July 16, 2009 I fear the US equity markets will continue to go up as long as the dinar continues to fall....Make it stop momy.... Some day, any day now, gold will pop limit up and all the dinars will dump equities and bolt to PM's. I know this will happen. I really do. Really. Any day now. Just you wait ... Link to comment Share on other sites More sharing options...
Bungster Posted July 16, 2009 Report Share Posted July 16, 2009 I guess you could look at it as a - Who wants to own a rapidly depreciating asset (Dollar) when they can diversify to something else of some real? value? Link to comment Share on other sites More sharing options...
patents Posted July 16, 2009 Report Share Posted July 16, 2009 IBM beats on sales decline....WTF?? It's the damn dollar dropping that is doing this! Fornicators!! They upped guidance and said that they can continue to wring costs out and increase their profitability (despite declining top line revenues). With employers experiencing a glut of electrical engineers and similar disciplines as well as bountiful Indian and other workers in the Asian regions at lower costs, it is a great time to be a capitalist in these times of recession. Link to comment Share on other sites More sharing options...
Sudaca Posted July 16, 2009 Report Share Posted July 16, 2009 Something of note happened today in EM bond land. The JPM EMBI+ index rose to an all time high. Well, at least since it began in 1993. Link to comment Share on other sites More sharing options...
Bungster Posted July 16, 2009 Report Share Posted July 16, 2009 Been noticing the A/D this week...very similar to the second week of March A solid week with no pullbacks.. Link to comment Share on other sites More sharing options...
cwd Posted July 16, 2009 Report Share Posted July 16, 2009 Something of note happened today in EM bond land. The JPM EMBI+ index rose to an all time high. Well, at least since it began in 1993. Suds, glad to see you posting. How are things in Peru? Link to comment Share on other sites More sharing options...
cwd Posted July 16, 2009 Report Share Posted July 16, 2009 Here is a real rant. [flash=425,344]http://www.youtube.com/watch?v=VSwWy4E6I04.swf Link to comment Share on other sites More sharing options...
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