He Said What?
May 13th, 2009 | By Chuck Butler | Category: Financial NewsForeclosures rise… Green Shoots, no so green! Getting on a bus… Losing a triple A rating? And Now… Today’s Pfennig!
Foreclosures rise… Green Shoots, no so green! Getting on a bus… Losing a triple A rating? And Now… Today’s Pfennig!
Sometimes you learn all you need to know while watching the morning news. When I saw Under Armour (NYSE:UA) panning for publicity this morning, I knew my beliefs were confirmed. Shares are about to make a big drop.
Oil fell $2 a barrel to below $36 on Wednesday after a U.S. government report showed larger-than-expected rises in inventories of gasoline and distillates.
The economic calendar starts very slow this week, with only the Pending Home Sales report coming on Tuesday. Once Wednesday morning rolls around, it’s a mad dash to the finish with 11 reports coming in the last three days of the week.
Gold had another lackluster day, slumping to $865 just after New York opened, then making its way higher in fits and starts, finishing just into positive territory at $878.00/oz., up 60 cents. Overnight, gold has fallen off.