It felt as if negotiations would go on for an eternity, with months of stalling: search this site for 'Opel bid' and the stories of stops and starts come thick and fast.  Now, just as it seemed that the deal was finally coming to a close, comes the spectacular announcement that GM will not in fact sell off its loss-making European unit Opel to the consortium of Canadian part-maker Magna and Russia's Sberbank, preferring to restructure it itself as the economic climate warms.  German Chancellor Angela Merkel, who had pledged €4.5bn in loans may well be fuming and apparently Prime Minister Putin has chimed in with his consternation over the abortive deal, which had promised ...

Mikhael Gorbachev has penned an article in the New York Times reflecting on how the period since the fall of the Berlin Wall (the 20th anniversary of which will be celebrated on Friday) has not necessarily heralded a less distrustful approach to Russia.  He cites the open letter to  to Barack Obama by Vaclav Havel and other European luminaries in September, counseling the US President to take a firm stand on Russia, and the OSCE resolution equating Stalinism and Nazism as moves demonstrating that latent russophobia is still hampering unity in Europe.To my regret, the events took a different course. This has stalled the emergence of a new Europe. Instead of the old dividing lines, new ones have ...

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Michael Mackenzie, Saskia Scholtes and Aline van Duyn (Financial Times): Trepidation as Fed prepares to end easing, October 29, 2009. As the Federal Reserve’s programme of buying mortgage debt edges towards $1,000 billion this week, investors are starting to worry about what happens once the central bank starts to slow down and exit from this key plank of its monetary easing policy.

• Quint Tatro (Minyanvile): Seven lessons from a legend, October 29, 2009. Jesse Livermore was wealthy and broke several times over during his tumultuous life, which ended in his suicide. His ability to make and lose millions garnered him many lessons which the trading community have enshrined over the decades since his death. Yet these lessons and

...

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Monday October 26, 2009

DrStockPick.com Stock Report!

PWRM, BCRX

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer (BC-SeraPro). Power3 expects to complete phase II clinical

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Russia 'counts on a controlling stake' in the three small hydropower plants it is building in Tajikistan and 'hope[s] for the Tajik side's understanding' in the matter.  The United Nations nuclear watchdog is in the process of inspecting Iran's uranium enrichment plant.  Both Iran and the U.S. are wary of falling into a trap over the nuclear question, reports the New York Times, and President Barack Obama reportedly called Dmitry Medvedev over the weekend to discuss the need to maintain Russian and U.S. unity over the issue.  The environmental safety of the Nord Stream project has been questioned by several of the transit countries, including Finland, but Vladimir Putin's meeting with his Finnish counterpart yesterday seemed to leave the schedule for completion in place.  China's oil demand is recovering at its fastest rate since June 2006.  ...

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My Picks for Monday October 26, 2009, are:

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BCRX, BioCryst Pharmaceuticals, Inc.

U.S. President Barack Obama has declared 2009 H1N1 swine flu a national emergency, the White House said on Saturday.

BCRX designs, optimizes and develops novel small-molecule pharmaceuticals that block key enzymes involved in infectious diseases, cancer and inflammatory diseases. BCRX has progressed two novel compounds into late-stage pivotal clinical trials; peramivir, an anti-viral for influenza, and forodesine, a purine nucleoside phosphorylase (PNP) inhibitor for cutaneous T-cell lymphoma

The U.S. Food and Drug Administration (FDA), in response to a request from the U.S. Centers for Disease Control and Prevention,

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Saturday October 24, 2009

DrStockPick.com Stock Report!

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U.S. President Barack Obama has declared 2009 H1N1 swine flu a national emergency, the White House said on Saturday.

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BCRX, BioCryst Pharmaceuticals, Inc.

BCRX designs, optimizes and develops novel small-molecule pharmaceuticals that block key enzymes involved in infectious diseases, cancer and inflammatory diseases.  BCRX has progressed

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This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.

• Mike Shedlock (Mish’s Global Economic Trend Analysis): Is the stock market a leading indicator?, October 12, 2009. The stock market is at best a coincident indicator, known only well after the fact. Furthermore, even as a coincident indicator, the stock market gives many false signals, making it totally useless for all practical purposes. The theory that the stock market is a reliable leading indicator is a myth easily shattered by simple observation of the facts.

• Caroline Baum (Bloomberg): Treasury bond rally fails asset-bubble test, October 13, 2009. Bubble sightings are proliferating by the day, and with interest rates near zero, it’s not hard to understand why. Easy money leads to excess credit creation, which eventually produces

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Back in May of this year, Taipan Daily posed the question, “Is Barack Obama the next Jimmy Carter?” (You can find part one of that discussion here and part two here.) The question is not meant as...div class="feedflare" a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=U4M65yve8RU:aPPsVheFPJs:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/taipan?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=U4M65yve8RU:aPPsVheFPJs:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/taipan?i=U4M65yve8RU:aPPsVheFPJs:V_sGLiPBpWU" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=U4M65yve8RU:aPPsVheFPJs:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/taipan?i=U4M65yve8RU:aPPsVheFPJs:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=U4M65yve8RU:aPPsVheFPJs:wd9GD17jvC4"img src="http://feeds.feedburner.com/~ff/taipan?d=wd9GD17jvC4" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=U4M65yve8RU:aPPsVheFPJs:l6gmwiTKsz0"img src="http://feeds.feedburner.com/~ff/taipan?d=l6gmwiTKsz0" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/taipan/~4/U4M65yve8RU" height="1" width="1"/

Naftogaz Ukrainy apparently intends to pay the interest due on its debts, to avoid default on its eurobonds which mature today.  'With its debt considered quasi-sovereign, a default by Naftogaz would be a first for a sovereign company in eastern Europe this year' says the FT.  Ukraine will break its bailout promise to the IMF and not raise natural gas prices for households.  Lukoil and Rosneft may consider buying more assets from Total.  Poland says that Russia canceled this month's talks regarding gas; the EU member hopes to reach a gas deal soon for 2010 and beyond.  A candidate to the post of the Greek prime minister has said that were he elected he would seek better terms for the Burgas-Alexandroupolis oil pipeline project, particularly in regards to 'environmental protection'.  Gazprom is apparently planning ...