Sheila Bair, chairwoman of the private FDIC, has introduced another non-recourse loan program (meaning no repayment is ever required; another daylight rape of American Citizens) that is “equivalent in size to TARP2″ according to the NY Times. How are they doing it? By invoking a special provision in the FDIC Charter that, they say, allows...

Using stock options in Dendreon Corp. (NASDAQ: DNDN) shows that the major price moves anticipated have not let up, and the company’s stock is trading up yet again ahead of the data due on Tuesday at the American Urological Association in Chicago. The data, due to post shortly before the close, could formalize the make-or-break status of PROVENGE...

The FAA says the jumbo jet flying low over Manhattan this morning was “photo op” — something having to do with the branch of the military that takes care of Air Force One. However if you read the account from the WSJ — which got the official statements — you’ll see that none of it makes any sense. Sections like this...

Citigroup (C) is the most shorted stock in America. As of April 15, the bank had a short interest of 1.237 billion shares. Its trading volume average of the prior two weeks was 532 million shares a day. Citi has an extraordinary 24% of its float sold short, a sign that a huge number of investors are willing to gamble against the share price. Citi’s...

Novavax, Inc. (NVAX) – $3.12 Up 119.72% – NVAX up big because they actually have what it takes to make vaccine for the Swine flu if one was able to be made. Could the Government get involved and team up with NVAX? Keep a close eye on this developing story and to see how NVAX is setting up be sure to enter the ticker below for a FREE no...

Let’s watch and see if we can hold the big numbers of Dow 7,900, S&P 833, Nasdaq 1,580! Like Art Cashion on CNBC said this morning if the bears can’t take us down hard today with all this bad news floating around it will be very bullish! The numbers to keep an eye on for more upside breakouts will be Dow 8,130, S&P 870, Nasdaq...

Tim Geithner formed all his views of the financial crisis during his time as President of the New York Fed, where he worked side-by-side with many of the top banking CEOs. Because of this, and his conclusion that we’re still just in a liquidity crisis, he’s been an advocate of generous bailing out in order to get the credit flowing again. But...

Microsoft (MSFT), the most shorted large tech company traded on any U.S. exchange, is a nearly ideal way to bet against software. It has dominant global market share in PC, server, and enterprise products used by large companies and governments. Microsoft is no longer considered a growth stock by Wall St., but it remains one of the most impressive...

General Electric (GE) used to be a fairly stable company with a fairly stable stock price. Problems with earnings, missed forecasts, and speculation about the health of its financial services division have made GE’s stock volatile and sensitive to rumors. As of April 15, the short interest in GE dropped 6% compared to the measurement two weeks before...

Sirius XM (SIRI) has been a favorite of short sellers for years. Once considered among the most promising growth stocks in America, its debt problems nearly forced it into Chapter 11. Liberty Media put $530 million into the satellite radio company just days before it would probably have gone bankrupt and got 40% of Sirius and along with debt for the...

GM to hold news conference Monday to announce brand changes, restructuring moves DETROIT (AP) — General Motors Corp. will announce details of its massive restructuring plan on Monday, including changes in its eight brands, potential factory closures and other restructuring moves as it fights to avoid bankruptcy protection. The struggling automaker...

IAM Gold (IAG) ran up over 7% Friday as they head into earnings. I am watching the $9.00 level very carefully here. If the stock breaks $9.00 I will be going long on the breakout. (See The Chart Below). IAG also gets a premium as it is perceived as a “takeover” candidate. Make sure you enter IAG in the FREE stock analysis tool below to see...

The S&P 500 made a good recovery this week but still closed under the sell off candle from Monday. The number of new highs being recorded is becoming less on the latest moves up which is a bit bearish. StockTiger Chart

BKX bank index did not keep up with the rest of the market and is under its recent highs. StockTiger Chart