“An economy wrecked by over leveraging (borrowing) on fraudulent paper will now be saved by providing low cost leverage (borrowing) to buy fraudulent paper. Are these people intelligent or what?” ~Jim Sinclair The laughable part is that the only thing people talk about is “get the credit flowing” – this won’t really...

The Futures are up substantially on the Treasury Plan just announced. The Dow is up 195,  the Nasdaq is up 26 and the S&P is higher by 22. Oil climbs past $52 boosted by stronger stock markets and a weaker dollar amid plans by the U.S. government to buy bad assets from banks to contain the financial crisis. WASHINGTON (AP) — The Obama administration...

(Associated Press)  GM bondholders want response on restructuring plan Sunday March 22, 8:03 pm ET GM bondholders say their plan provides ‘best chance’ of keeping automaker out of bankruptcy. Bondholders of General Motors Corp. warned the U.S. government on Sunday that the struggling automaker will likely be forced to file for bankruptcy...

I have followed Palm Inc. (PALM) over the course of the last year and believe they are entering a critical phase. There are many aspects of the Pre that are unlike any phone you’ve every seen before. The (PALM) Pre is the first one that is the next generation and the result is it does a bunch of things the others guys don’t do. The (PALM) Pre is...

American International Group (AIG) paid out $218 million in bonuses to employees of its troubled financial-products unit, millions more than previously thought, the Associated Press reported Saturday. These bonuses are a complete joke. I fail to understand how any company out there that lost money, can give out a bonus. I can hear somebody at AIG saying,...

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Well that was a busy trading week! I hope you all did as well as I did making some nice greenbacks. On Friday’s I like to give you guys a great FREE resource to browse over for the weekend. I have received many e-mails asking what service/services I use. I am not shy in telling you Market Club has gave me the biggest edge on the Markets yet. If...

The FDIC head Sheila Bair reiterated her expectation of $65 billion in losses for the FDIC’s fund because of bank failures during the next five years in a speech that hit the newswires around 12:30 p.m. “That tipped us over,” said Costel Goga, chief market strategist with JonesTrading in California. The Financial Select Sector SPDR,...

NEW YORK (Reuters) – Xerox Corp chopped its first-quarter earnings forecast by as much as 85 percent, as the slowdown in office equipment spending badly hurt revenue and thwarted its cost-cutting efforts. Shares of Xerox, the world’s top supplier of digital printer and document management services, fell 20 percent after its outlook made...

AP – 10 mins ago WASHINGTON – President Barack Obama’s budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month. For the love of God!

“UBS told clients on Friday that it’s time to unload shares of General Motors Corp. and put their money in Ford Motor Co., the only one of the major U.S. automakers yet to accept handouts from the federal government” I agree. Ford (F) is in a much better position with better management, better employees, better products, and a better...

GE has it’s share of hurdles to clear going forward. The debt side is troubling for (GE). They have been very successful in issuing medium term bonds in the past few months. However, every one of those bonds was guaranteed by the FDIC. There was a point in this major crisis that (GE) was totally dependent on the Federal Reserve to buy their short...

All indecies are up slightly after the first 10 minutes of the trade. It is expiration Friday so we need to watch for some volatility this afternoon. I just can’t see us finishing in the green today as many investors do not want to go into the weekend long. Both the economic and corporate calendar are light after a week full of drama including...

In Market Clubs new video Adam is going to be looking at two different markets that are headed in two different directions. He recently looked at the equity markets and alerted you to some very important levels that he thought the markets would have problems with. Those levels have now been reached and it remains to be seen if we are going to see the...