Profits and Layoffs, by AGS
401 replies to this topic
Posted 10 December 2003 - 08:37 AM
. . . The jobless recovery, much in the news lately, is a scary notion. That's why optimists seize upon any shred of evidence that employment is coming back, such as the small downtick in unemployment claims in mid-November. And we keep hearing that U.S. unemployment really isn't so bad after all--just 6.1%, versus three percentage points higher in Europe.
So there's nothing to worry about, right? Wrong. Layoffs are a key concern. And that will have baleful consequences for investors who are betting on better times . . .
Posted 10 December 2003 - 08:40 AM
Mortgage Applications Decline Last Week
The Mortgage Bankers Association said its seasonally adjusted measure of mortgage loan demand for the week ending Dec. 5 fell 12.2 percent from the prior week to 601.6, the lowest reading since 565.5 for week ending June 14, 2002.
New loan requests to refinance and to buy a home fell last week from the previous week. The mortgage group's seasonally adjusted purchase loan index fell 9.5 percent last week to 399.8, and its seasonally adjusted measure on refinancing activity dropped 15.5 percent to 1,775.5.
Refinancing applications accounted for 49.4 percent of all new requests filed, down from prior week's 50 percent.
Posted 10 December 2003 - 08:52 AM
here's one i've loaded the woodshed with for judgement day on 12/15/2003
Star's patent ruling could send this little IP Co. into orbit.
Monday's make or break.
the chart looks like a steady accumulation pattern and there's been little selling
in it since i rode it from $1.10 to $3.94.
this go aorund it's based around $2, it may be $5, $8 or even $10 if RJR's new
parent tells them to NYET.
B&W informed Star last week they would tell RJR to settle if the judge ruled in
RJR had previously offerred $150 millionm to settle it, Star was asking $350 million
and ongoing royalties on their tobacco process that removes 97% of carcinogens
using Star's process.
i'm very long it again, as i'm in the thick of STSI's executive team's homeland
here in florida.
just a heads up, this may be a five to ten bagger....
and it could get slammed on an adverse ruling.
wish me luck. this is my next PMU off the wall from the .30's
Posted 10 December 2003 - 08:58 AM
good morning guys
TOP40 down 1%.
Anyone know of an online tool to screen US stocks for volume spike?
Posted 10 December 2003 - 09:30 AM
Nikkei under 10,000 again, Nymex crude over $32, natural gas pushing $7, gold pushing $410.
Posted 10 December 2003 - 09:36 AM
Hey, what's the deal with all these late trades on WHT.
I had an order to sell at $3.42 working all day yesterday, including after hours.
1) Did it trade above this price
2) Where can one find details on the after hours time & sales.
Posted 10 December 2003 - 09:37 AM
giddy up time again, miners gained more strong hands.
Posted 10 December 2003 - 09:39 AM
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Posted 10 December 2003 - 09:40 AM
the wall of worry... conitinues, added 5000 DROOPY in pre @ 2.47.
Posted 10 December 2003 - 09:46 AM
how about limit up in the metals complex today...
Posted 10 December 2003 - 09:48 AM
very quiet in here this morning. too quiet.
Posted 10 December 2003 - 09:49 AM
It is still early.
Posted 10 December 2003 - 09:50 AM
this place is usually hopping by now. guess everyone's @ starbucks.
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