Fear
Fearmongering hits Mexican economy and pork prices hard
It has been entertaining (kind of) to watch the amount of fear based generated by the supposed, alleged, sort of a pandemic caused by the swine flu. Unfortunately, today Reuters has burst the bubble:
Its global spread has kept alive fears of a possible pandemic, although scientists say this strain does not appear more deadly than [...]
Stock market corrects from Overshoot to the downside
This line from an article on MarketWatch gives in a nutshell why the stock market continues to rally:
Buoyed by earnings that are proving better than dire forecasts, U.S. stocks on Thursday moved toward solid April gains, with the Standard & Poor’s 500 index poised for one of its strongest months in years. via With earnings [...]
Stock Market searching for a new bottom
I have been believing that the market hit its lows for the current bear market in November, the week before Thanksgiving. It now looks like the market will be testing those lows again 3 months later. Here are the current values of the major market indices and their 52 week lows:
Dow Jones Industrials: 7,365.67….7,226.29
S&P 500: [...]
Atlas Energy keeps distribution the same
Atlas Energy Resources – News and Press Releases.
Atlas Energy Resources (ATN: 30.19 0.00 0.00%) has announced the 4th quarter distribution will be 61¢ for shareholders of record on February 9, 2009. The distribution is the same amount as the previous two quarters. Even after today’s price bump the stock is still sporting a yield near [...]
Ashford Hospitality Suspends Dividend
Ashford Hospitality Trust Enhances Liquidity Position Through Strategic Transactions.
It is interesting to see a company dance around a dividend cut in their press release. You can see from the title of the release linked above that Ashford Hospitality (AHT: 6.06 +0.12 +2.02%) went for the euphemism “Enhancing liquidity”. The suspension of the dividend is not [...]
