It was yet another day of huge losses for the stock market as most indexes are now down over 45% for the year. This kind of market action is enough to make a lot of people sick. But that is the last thing you want to do here, especially with the selloff starting to slightly hit panic levels. Now, I am not saying that we are near a bottom what-so-ever. But what I am saying is that we are getting a little crazy with the selling and that should lead to a rally in the near term. However, before that rally occurs, I expect that we will more than likely set new lows on all the indexes. One of the reasons I believe that is possible is because after today’s session I saw that ZERO stocks on the NYSE or Nasdaq hit new 52-week highs, while over 415 stocks on each index hit new 52-week lows. This number of new lows expanding along with the non-numbers in the new highs is my warning that the market is not done with the selloff, even though it has[More...]

WITH RESPECT TO THE US’ GDP GROWTH, THE NATIONAL BUREAU OF ECONOMIC RESEARCH SEES A SIGNIFICANT DECLINE IN ECONOMIC ACTITIVY SPREAD ACROSS THE ECONOMY, WHICH WILL LAST MORE THAN A FEW MONTHS - WSJ - According to Robert Hall, economist at Stanford University, US economic data that has been reported provide (...) [More...]

Calpine Corporation (CPN) - NRG Energy (NRG):- Initial Analysis, Electronic Data Systems (EDS) - Hewlett-Packard (HPQ), Radyne Corporation (RADN) - Comtech Telecommunications (CMTL) more [More...]

  EMC Corp.'s [EMC] victory Tuesday in its pursuit of Iomega Corp. [IOM] adds up to an important milestone for the storage market, says MCF Corp. analyst Alex Kurtz in a research note...

  A month after rejecting a takeover proposal from EMC Corp. [EMC], storage vendor Iomega Corp. [IOM] Tuesday afternoon said it agreed to a sweetened offer from its larger rival....