Wednesday, January 23, 2008

Crash fears mount ahead of policymaker showdown | Business | Reuters

Stock Market Crash fears mount


Crash fears mount ahead of policymaker showdown

Tue Jan 22, 2008 11:37pm GMT


Photo


By Thomas Atkins

DAVOS, Switzerland (Reuters) - Business and political leaders begin meeting in Davos on Wednesday facing what many fear is the biggest financial crisis since World War Two.


RON PAUL ON FOX ARGUES AGAINST STIMULUS

good ole ron telling it like it is.

YouTube - US Stock Markets Decline : THE DOLLAR HOLOCAUST

YouTube - US Stock Markets Decline : THE DOLLAR HOLOCAUST

to my close friends that read my blog:
you were warned. you were warned two years ago when i told you to hedge your house. you were warned a minimum of 1-2 years ago to get out of everything except gold and silver related assets.
you were warned that long positions in anything but precious metals is way to risky.

i am warning you now(again) RON PAul is our last economic hope for america and the world..
-st0ckman
video about ron paul's economics



Let Market Crash Now Or Face Financial Train Wreck

Let Market Crash Now Or Face Financial Train Wreck


Let Market Crash Now Or Face Financial Train Wreck
Experts encourage facing reality that stocks are overvalued due to weak dollar, but Fed set to continue with dangerous sweeping rate cuts

Paul Joseph Watson
Prison Planet
Wednesday, January 23, 2008



The Fed's continued obsession with slashing interest rates and printing money in order to maintain the facade of the grossly overvalued stock market while the dollar collapses is precipitating a financial holocaust. Yuppies need to cut their losses and accept a soft crash now or place the very pillars of the American economy in danger.


pre market movers on dow, s & p, nasdaq & futures

as of 9-05 am

FCX: Summary for FREEPORT MCMORAN B - Yahoo! Finance

pre market FREEPORT MCMORAN B - Yahoo! Finance

FREEPORT MCMORAN B (NYSE:FCX)
Pre-Market: 75.80 Down 5.72 (7.02%) as of 8:53AM ET on 01/23/08
Last Trade:81.52
Trade Time:Jan 22
Change: 0.00 (0.00%)
Prev Close:81.52
Open:N/A
Bid:N/A
Ask:N/A
1y Target Est:123.87
Day's Range:N/A - N/A
52wk Range:52.51 - 120.20
Volume:412,450
Avg Vol (3m):12,005,600
Market Cap:31.13B
P/E (ttm):9.69
EPS (ttm):8.414
Div & Yield:1.75 (2.10%)



MOTOROLA INC (NYSE:MOT)
Pre-Market: 10.42 Down 1.90 (15.42%) as of 8:54AM ET on 01/23/08
Last Trade:12.32
Trade Time:Jan 22
Change: 0.00 (0.00%)
Prev Close:12.32
Open:N/A
Bid:N/A
Ask:N/A
1y Target Est:20.49
Day's Range:N/A - N/A
52wk Range:11.55 - 19.98
Volume:2,822,500
Avg Vol (3m):21,957,500
Market Cap:28.14B
P/E (ttm):61.29
EPS (ttm):0.201

Pifzer (PFE:
PFE
Sponsored by:
, , )
lifted its 2008 revenue outlook and beat analyst expectations for fourth-quarter profit, while Motorola (MOT:
MOT
Sponsored by:
, , )
dropped 12% in pre-open action after it forecast a loss from continuing operations in the first quarter and reported an 18% sales fall during the fourth quarter.




Markets Facing Difficult Days Over Earnings - Trader Talk with Bob Pisani - CNBC.com

Pre Market (futures, nasdaq, nyse, dow, s p) - Trader Talk with Bob Pisani - CNBC.com

Vague rumors are again moving markets today. Europe is weak (down 5 percent) on concerns of additional losses from major banks, as well as the failure of Europe to cut rates.

Thank you, Apple

AAPL

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[AAPL Loading... (%) ] , because you have reminded us of something the bears keep bringing up: that we are faced with three weeks of potentially difficult earnings guidance.

You can see it today with Motorola

MOT

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[MOT Loading... (%) ] , which gave "kitchen sink" guidance for the first quarter: we were expecting a 9 cents gain, they said they would have a loss and that the recovery in mobile devices would take longer than expected. Sees losing market share. Down 11 percent pre-open. Nokia also weak on concerns of slowdown.

You can see it with Coach

COH

loading... %




[COH Loading... (%) ] . They did OK for the quarter just ending, and essentially affirmed full year 2008 estimates. But Coach used to have a tradition of beating and raising; now we have to settle for status quo at best.

Click for related content

You can see it with Suntrust

STI

loading... %




[STI Loading... (%) ] , which missed and reported losses of $510 million in money markets.

Bears also believe that rate cuts will fail to stabilize markets, and there will be no leadership because of a drawn out process with financials, and tech expectations taken down

For the bulls, a lot of things have to go right:

--Europe cuts rates
--Fed cuts 50 bp next week
--Bond insurers stabilize/rescued
--Energy, financials re-emerge as leaders
--Insider buying picks up
--Investment outflows stabilize

The biggest advantage the bulls have is the already oversold conditions.

So where do we go from here? One trader noted yesterday that we have entered a new trench war of data points and news flow on the dangers of recession vs. rate cuts and stimulus.



NYSE Arca Morning Update

NYSE Arca Morning Update



NYSE Arca Morning Update for Wednesday, Jan 23, 2008 :


Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)

Stock
Tuesday's Close Current Price Pct Chng Current NYSE Arca Vol
RZ

$10.48

$7.52

( 28%)

580

HGSI

$10.01

$7.50

( 25%)

283,200

MTG

$15.98

$12.00

( 25%)

47,600

FCFS

$13.96

$11.00

( 21%)

1,100

HYDG

$2.50

$2.94

18%

700

MOT

$12.34

$10.45

( 15%)

484,649

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume: Based on Share Volume:
Stock
Dollar Volume
SPY
$1031144988
QQQQ
$92,681,718
AAPL
$62,030,086
IWM
$24,354,469
NOK
$21,286,186
EWZ
$11,161,046
GLD
$10,078,725
TOT
$9,313,174
PFE
$9,202,285
SAP
$9,174,718
Stock
Share Volume
SPY
8,063,193
QQQQ
2,163,776
NOK
703,746
MOT
484,649
AAPL
446,943
PFE
404,480
IWM
372,565
HGSI
283,200
STO
238,000
SAP
207,815

U.S. Stocks Head for Another Lower Open: Financial News - Yahoo! Finance

U.S. Stocks Head for Another Lower Open: Financial News - Yahoo! Finance


Shares of Apple fell more than 11 percent in premarket trading.


While investors worldwide remain concerned about the health of the U.S. economy, the Fed's rate cut and Wall Street's ability to come off its lows Tuesday helped drive a rebound in Asian trading Wednesday.

Japan's Nikkei stock average closed up 2.04 percent after falling 5.7 percent Tuesday. Similarly, Hong Kong's Hang Seng index surged 10.72 percent, showing its biggest gain in 10 years after falling 13.7 percent in the previous two sessions.

In morning trading in Europe, however, stocks fell. Britain's FTSE 100 fell 1.25 percent, Germany's DAX index fell 2.16 percent, and France's CAC-40 fell 2.10 percent.



NASDAQ Pre-Market Most Active

NASDAQ Pre-Market Most Active



NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume Declined

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Sirius Satellite Radio Inc.
$2.65 $2.67 0.75% 6,800

Lihir Gold, Limited
$29.96 $30.09 0.42% 100,000

Randgold Resources Limited
$44.71 $44.72 0.02% 5,800

As of 1/23/2008 8:06:02 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume Advanced

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Human Genome Sciences, Inc.
$10.02 $8 20.16% 333,708

Apple Inc.
$155.64 $138.70 10.88% 397,745

E*TRADE Financial Corporation
$2.99 $2.82 5.69% 5,583

Research in Motion Limited
$90.08 $86.23 4.27% 15,341

First Solar, Inc.
$182.79 $175.20 4.15% 5,010

Shire plc
$60.21 $58.37 3.06% 30,000

PowerShares QQQ Trust, Series 1
$44.18 $42.94 2.81% 1,522,707

Crocs, Inc.
$30.27 $29.48 2.61% 4,150

Google Inc.
$584.35 $570 2.46% 4,483

Evergreen Solar, Inc.
$11.26 $11 2.27% 10,373

As of 1/23/2008 8:07:55 AM

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