The 1930s Redux

I found something really interesting about the similarities of some of the news headlines in July to that of the 1930s. Here’s news from July 24 2009 and July 24 1930. The news from today’s Wall Street Journal has been inserted and bolded to show the similarities. History doesn’t repeat, but does it rhyme? Thursday, July 24, 1930: Dow 239.33 +5.03 (2.1%) Market commentary: Market opened with large buy orders for major industrials. Many majors in early trading reached highest point of

Is Trend Following The Right System for You?

by Don Peterson The method of trend following goes against the old Wall St. Philosophy of buy low and sell high. It takes benefit of the market whether this trend is up or down. Traders using the trend following technique begin trading after a trend is already established. Other traders try and foretell what the market will do, trend followers wait for the market to do it. The size of the trading account and the volatility of the issue are the primary determining factors in how much to invest.

Stock Trading Software Can Give You an Edge

'italic;' class='tradesbyline'gt;by Michael Swanson While stock trading software has many benefits and advantages, you really need to have had some experience in stock trading and gained some basic knowledge to fully benefit from using it. Many traders agree that using software benefits them in their trading endeavors. The advantages of stock trading software include helping you to manage your portfolio and to monitor the stocks that you have. Software also assists you to have control o

Gdp Report

July 31, 2009 FTV Morning Report July 30, 09 : Stock Trading Technical Analysis UK GDP provides up to 40 pips and more for traders GDP report likely to show recession eased from April though June … GDP report is likely to show recession eased in 2QWASHINGTON — The recession likely eased in the spring, with the economy no longer in free-fall. Stock futures rise modestly ahead of GDP report – WCAX.COM Local … WCAX.COM Local Vermont News, Weather and Sports-Stock futu

Economic Woes Hit Disney Profits (DIS)

By Dividend.com StaffJuly 31st, 2009 Shares of Walt Disney (DIS) are down 3% in early trading after the company reported third quarter profits fell to $954 million, or 51 cents per share, down from $1.28 billion, or 66 cents per share, a year ago.Earnings per share were one penny ahead of estimates, as sales dropped 7 percent to $8.60 billion, from $9.24 billion, a year ago. The company’s parks and resorts revenue fell 9 percent to $2.75 billion, while revenue from ABC and ESPN fell 2 percent

Daily Headlines — 07/31/09

‘ Cash for Clunkers ‘ runs out of money after only days. ( New York Times ) After House approval, Senate OKs $7 billion for Highway Trust Fund. ( AP ) CDC report recommends complete streets policy to fight obesity . ( Streetsblog ) President Obama’s nominee to head the Surface Transportation Board, which approves rail mergers and decides rate disputes between shippers and railroads, aims to look into rail freight pricing . ( Wall Street Journal )

Savings Rate Could Stay High

Andy Harless explains why he believes that much of the recent increase in the savings rate will be permanent, while Brad DeLong thinks only a small part will be permanent. My own view is somewhere between Andy's much and Brad's small part: Savings Rate Could Stay High, by Andy Harless : Mark Thoma shows us a historical chart of the personal savings rate since 1960 and asks how much of the recent increase (from an average of about 0.5% from 2005 through 2007 to a peak of almost 7%

Press Release - Reviews for ‘Stock Shock-The Movie’

HOLLYWOOD, Calif., July 31 /PRNewswire/ -- When director Sandra Mohr decided to find out why her family's 401(k) was looking more like a 201(k), she probably had no idea she would be exposed to the corrupt underworld of hedge funds, criminal market managers, and greedy legislators. So what's a director to do? Make a movie about it, of course. (Photo: http://www.newscom.com/cgi-bin/prnh/20090731/LA54820) She's in good company. Michael Moore, Oliver Stone and Ridley Scott are all working on films

Cash for clunkers has gone away!

The Clunkers program has been suspended In case you haven't heard, the Clunker stimulus bill that recently started (less than a week ago) has been suspended. Apparently the government was afraid they were going to use all the $1 billion that was allocated for it and didn't want to go over-budget! From what I read there was quite a backlog of paperwork and with the delay it looked like it was getting to the point where people trading in their clunkers might think they would be getting the $45

Metlife Shares Firm, Despite Big Investment Losses (MET)

By Dividend.com StaffJuly 31st, 2009 Shares of Metlife (MET) are moving slightly higher despite the company reporting a loss of $1.43 billion in the second quarter.The company had a loss of $1.74 per share, compared with profits of $915 million, or $1.26 per share, a year earlier. This was the second consecutive quarterly loss for the company. Management pointed to losses in derivatives, which were used as a hedge against changes in interest rates and foreign currencies.Revenue fell 31 percent

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