Stock Market News & Stocks to Watch from StraightStocks » perspective

China spends $42 million as Olympic host

Tony Sagami — Wed, 16 Jul 2008 20:35:10 +0000

It is estimated that China will spend $42 billion to host the Olympics. To put that into perspective, that is almost three times what Greece spent on the Athens Olympics and roughly the cost of Hurricane Katrina reconstruction.

That infrastructure build out has certainly been a major boost to the Chinese economy, but China plans on spending even more on the 2010 World Expo in Shanghai and the Sichuan earthquake reconstruction is expect to cost $140 billion.

The Chinese building boom is going to last for a lot longer.

Nikkei Weekly Outlook: Tough Week Ahead (EWJ)

Steven Towns — Mon, 09 Jun 2008 00:34:33 +0000

The Nikkei 225 had a positive week, up a modest 1% to 14,489.44, its highest close since early January, but fell short of its calendar year high of 14,691. Remember, keeping things in perspective is important because the N225 opened the year at 15,155 and was trading 18,000-plus last year. In spite of recent resiliency [...]

Relax and thank you Barry – Teens impact Unemployment Numbers

Stockmasters Staff — Fri, 06 Jun 2008 15:58:55 +0000

Thank you Barry L. Ritholtz at THE BIG PICTURE for putting today's 260+ decline in the DOW in perspective. This morning's data may have made things appear worse. Providing a glimmer of hope that the U-3 unemployment rate isn't as bad as it appears, an unexpected surge in teenagers and 20-25 year olds is responsible for a chunk of the unemployment jump.

CNBC Bonus Bucks Trivia: Fast Money’s Karen Finerman loves “bargain real estate.” But what conclusion did she reach on Maguire Properties?

William Trent — Mon, 02 Jun 2008 18:06:18 +0000

Fast Money’s Karen Finerman loves “bargain real estate.” But what conclusion did she reach on Maguire Properties (MPG)? She likes “the dynamic of absolute forced selling.” While I appreciate the contrarian perspective on a stock with a broken deal and discontinued dividend, I have to say it doesn’t look too good on the models I follow. Here’s [...]

Nikkei Weekly Outlook: Testing Dubious Highs (EWJ)

Steven Towns — Sun, 01 Jun 2008 22:40:34 +0000

Last week’s question of resiliency or reluctance at 14,000 for the Nikkei 225 Stock Average was answered, somewhat predictably, with another late-week rally. The Nikkei ended the week higher by 2.3% to 14,338.54 and the broader TOPIX, which rose by the same amount, recouped the 1,400-level (1,408.14) for the first time since January 10th. This week, [...]

Dow and Nasdaq 100 are Indices to Watch

Declan Fallon — Thu, 01 May 2008 12:34:17 +0000

The Fed reversal started late in the day, although futures suggest a higher open. The Dow flashed a (bearish) gravestone doji on higher volume, with the 200-day MA lurking overhead to act as resistance. A push back to the 50-day MA looks the most favored response to relieve overbought conditions, [...]

Reduce Delta Exposure Ahead of the Fed

Condor Options — Wed, 30 Apr 2008 12:19:05 +0000

If you’re not already in a pretty delta-neutral place, think about balancing things out tomorrow ahead of the 2:15 fireworks. We closed out one of our newsletter positions today for a small loss so that we can ride through the rest of May expiration with less risk and little concern about [...]