Thursday November 20, 2008 Navivest

The stock market is trading in and out of positive territory in late AM trading after opening to the downside with losses in all the major indices. While it is a bit too early to determine whether we will end up the day to the upside, we are looking for stocks to rebound if not today, then tomorrow.

Traders should start positioning themselves now by taking long positions. A rally would be broad-based, but we would just place bets on the markets overall, by buying the major indices as represented by QQQQ, SPY and DIA, which is a bet on the Dow 30 stocks.

For those looking to buy the stocks that are showing strength in a weak market, Boeing (BA), Verizon (VZ) and Walmart (WMT) are all up over a dollar, with 3% plus gains.

Tags: Stocks

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What will Paulson say?   Dollar remains well bid…   How long for Safe Haven buyers?   G-20 Schmee 20! And Now… Today’s Pfennig!

Well… Nothing has changed since I left you last Wednesday. The awful economic data just keeps piling on, and the dollar gets bid up on safe haven purchases. We did see the Eurozone and Japan announce that they are in a recession… Chris was kind enough to leave me the following, so here’s some more Chris….

“The dollar weakened slightly after the US Industrial production numbers showed a rebound in October. The 1.3% monthly gain sounds great, but it followed September’s drop of 3.7% due to the Gulf Coast hurricanes. After adjusting for the effect of the hurricanes and a strike at Boeing, output dropped .7 percent during each of the past two months. The trend continues to be very weak, and the recession which currently grips the US is now expected

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Monday November 2, 2008 Navivest

According to Boeing (BA), its machinists have voted to ratify a new four year agreement that will bring an end to a 58 day strike that has been costing Boeing (BA) $100 million a day in deferred revenues.

The 27,000 machinists who are represented by The International Association of Machinists and Aerospace started returning to work yesterday November 2.

Boeing’s (BA) shares are indicating they will open at $51.34, down $1.08.

Tag: Boeing Strike

 

Monday November 2, 2008 Navivest

According to Boeing (BA), its machinists have voted to ratify a new four year agreement that will bring an end to a 58 day strike that has been costing Boeing (BA) $100 million a day in deferred revenues.

The 27,000 machinists who are represented by The International Association of Machinists and Aerospace started returning to work yesterday November 2.

Boeing’s (BA) shares are indicating they will open at $51.34, down $1.08.

Tag: Boeing Strike

 

The recession is underway. The US economy shrank by 0.3% y-o-y in the third quarter. Adam Lass says politicians need to accept the truth and allow the economy to correct itself. Only then will stock markets genuinely recover. When they do, some investors will make a fortune. But to survive until then, Adam says it is essential to buy put options on weak companies.

More from Taipan Daily:

Pay no attention to the Fed announcement: Durable Goods is where the real news is hiding!

I have a confession to make: As I sit to write to you today, I don’t know what the Fed will do regarding rates. And, quite frankly, I don’t really care.

The reason I don’t know is because the deadline to send this missive in to all the fine folks who convert my barely legible

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Boeing predicts that it will sell 3,700 jets worth $390 billion over the next 20 years. "This makes China the largest market outside of the U.S. for new commercial airplanes."Boeing is absolutely right about the next decade or so, but China is entering the airplane business and it won't be that long until it buys its own jets instead of Boeing's.

Tuesday October 28, 2008 Navivest

Stocks put in a phenomenal day today, with the Dow, Nasdaq and S&P 500 surging 10.88%, 9.53% and 10.79% respectively. This is the second biggest point gain day on record. To put it in perspective, we saw percentage gains in one day that Wall Street would be satisfied with on an annual basis. The Dow rose 889.35points, the Nasdaq, 143.57 points and the S&P 500, 91.59 points.

This was despite the fact that we got the Consumer Confidence report for October that showed a dismal consumer confidence reading of 38, a full 14 points below the forecast of 52.

The Federal Reserve is meeting today and tomorrow and on Wednesday afternoon, will announce their latest interest rate decision. Wall Street is expecting that we will get a rate cut and that probably played into the big rally that we got today.

The rally was as broad-based as

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Tuesday October 28, 2008 Navivest

The strike by Boeing’s International Association of Machinists and Aerospace Workers is close to being ended, according to the Federal Mediation and Conciliation Service, which is mediating between Boeing and its International Association of Machinists and Aerospace Workers union employees.

According to the FMCS, a tentative settlement agreement was reached on Monday evening. The strike has shut down Boeing’s commercial airplane production since September 6, 2008. Since the start of the strike to yesterday, Boeing’s stock has lost 33.7% of its value, wiping out $15.79 billion in shareholder wealth in the process.

Tags: Boeing Strike

The day after I wrote a piece about the Asian markets stabilizing, world markets dropped significantly again. The Dow was down almost 6% as the US market shed multiple percentage points within the first two hours of the bell ringing. Boeing, Merck, and Wachovia all posted their dismal quarterly reports that combined with already edgy investors who were skeptical of slowing worldwide growth and a deep recession - sent markets worldwide into a spiral downwards: France’s CAC40 down 5%, NIKKEI down 6.8%, Mexico down 7%, Argentina down 10%, and Australia’s S&P 200 down 3.5% - depicted in the dismal shape of the Emerginvest heat map.

An article in the NYTimes today: “Markets Fall Sharply on Weak Earnings Reports,” stated that: “The main story is that deleveraging among financial institutions is continuing,” Derek Halpenny, senior currency economist ...

The day after I wrote a piece about the Asian markets stabilizing, world markets dropped significantly again. The Dow was down almost 6% as the US market shed multiple percentage points within the first two hours of the bell ringing. Boeing, Merck, and Wachovia all posted their dismal quarterly reports that combined with already edgy investors who were skeptical of slowing worldwide growth and a deep recession - sent markets worldwide into a spiral downwards: France’s CAC40 down 5%, NIKKEI down 6.8%, Mexico down 7%, Argentina down 10%, and Australia’s S&P 200 down 3.5% - depicted in the dismal shape of the Emerginvest heat map.

An article in the NYTimes today: “Markets Fall Sharply on Weak Earnings Reports,” stated that: “The main story is that deleveraging among financial institutions is continuing,” Derek Halpenny, senior currency economist ...