The stock market is rising this morning, June 24, 2009, as the Durable Goods data came in much better then expected.
Wall Street expected the May 2009 Durable Goods figure to come in -0.90% but it actually came in +1.80%
Stock Market Futures are soaring with the Down Jones up 75 points as we head into the open today.
All eyes will be on the Federal Reserve ( FOMC ) decision which is expected at 2:15pm EST.
Check out more events today.
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Showing posts with label federal reserve. Show all posts
Showing posts with label federal reserve. Show all posts
Wednesday, June 24, 2009
Tuesday, December 16, 2008
Art Cashin CNBC 12/16/08 - Goldman Sachs GS
Art Cashin, NYSE floor trader from UBS, was on CNBC 12/16/08 and gave his comments on what he is looking at today as far as the stock market goes.
What are you watching today Art?
I think we need to sit back and wait for the Fed and GE guidance that will be coming this afternoon. The Goldman Sachs ( GS ) earnings were neutral, weren't as bad as people expected but their rating was downgraded by Moody's. We also have to see if there is more fall out from the Madoff scandal.
Traders want to hear something on this quantitative easing from the Federal Reserve Today.
For all of Art's Comments, go here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
What are you watching today Art?
I think we need to sit back and wait for the Fed and GE guidance that will be coming this afternoon. The Goldman Sachs ( GS ) earnings were neutral, weren't as bad as people expected but their rating was downgraded by Moody's. We also have to see if there is more fall out from the Madoff scandal.
Traders want to hear something on this quantitative easing from the Federal Reserve Today.
For all of Art's Comments, go here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Thursday, October 30, 2008
Bill William Ackman CNBC 10/30/08 - TGT
William ( Bill ) Ackman of Pershing Square Capital, was on CNBC this morning, October 30th, 2008. Bill Ackman is a value investor who takes huge long positions in companies and then pressures management to create better value for shareholders. He is a great investor so his words shouldn't be taken lightly.
The best thing the Federal Reserve has done so far is inject 250 billion in the banking system. I think stocks are cheap, The Fed has taken important steps so far. Some banks will need more capital but the money the Government has put on the table so far may be enough.
I think the best hedge fund managers have raised money to pay back investors already. Are we almost finished with the liquidation? That's tough to answer, but we think stocks are very cheap at these levels. I don't think capital is going to come out of hedge funds in a huge way, I think the capital will be reallocated into different hedge funds.
Target ( TGT ) - We own just under 10% of the company, Target owns land under 85% of its stores. We want to spin the land off into a company and have Target pay rent to the company. TGT's cash flow goes up by 600 million per year. Target's dividend would go from $.60 to $1.86 but the dividend is going to be coming from the REIT. Target has virtually no default risk. Bill Ackman says this is one of the main reasons they bought TGT shares in the first place.
http://daytradingstockblog.blogspot.com/
The best thing the Federal Reserve has done so far is inject 250 billion in the banking system. I think stocks are cheap, The Fed has taken important steps so far. Some banks will need more capital but the money the Government has put on the table so far may be enough.
I think the best hedge fund managers have raised money to pay back investors already. Are we almost finished with the liquidation? That's tough to answer, but we think stocks are very cheap at these levels. I don't think capital is going to come out of hedge funds in a huge way, I think the capital will be reallocated into different hedge funds.
Target ( TGT ) - We own just under 10% of the company, Target owns land under 85% of its stores. We want to spin the land off into a company and have Target pay rent to the company. TGT's cash flow goes up by 600 million per year. Target's dividend would go from $.60 to $1.86 but the dividend is going to be coming from the REIT. Target has virtually no default risk. Bill Ackman says this is one of the main reasons they bought TGT shares in the first place.
http://daytradingstockblog.blogspot.com/
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