From the monthly archives:
This is what was feared would happen. If the DOW managed to stay above 8000, we might be in for a recovery. If it drops below 8000 again, all bets are off. Today, following Geithner’s speech, which provided little new information on the stimulus implementation, markets started dropping like it was another Lehman Brothers bankruptcy.
Overall, [...]
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Upcoming first quarter Canadian bank earnings, on a whole, are expected to be better than expected (so does that mean they’re just “what was expected”?:)). This follows on my earlier note about Barclay’s bank having better than expected earnings, and also the midday rally today in financials across the board.
Some, however, think these first quarter [...]
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Industrial equipment supplier Toromont’s earnings actually GREW this past quarter. Earnings were up 25% for the months of October, November and December 2008 – right on through the huge meltdown. How is that possible? It seems like this helps build the case for an infrastructure-led turnaround, even though Boeing just laid off a bunch of [...]
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Breaking news – late on Friday, around 9pm EST I think, Obama’s stimulus proposal tentatively passed, legalizing a stimulus of about $780 Billion, cut back a bit from the $900 Billion originally proposed.
I was starting to get worried.
Now let’s see how quickly he can sign it and get it working.
Monday, February 9 update: OK, it [...]
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The “popular” opinion – that is, the one the media reports as being the most commonly held by “regular people” – seems to be that if companies fail us, and then ask for more of our money to stay alive – that the executives at the helm should be forced to undergo a pay cut. [...]
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Watch the first five minutes of this video clip from BNN (Canada’s all-business channel). Peter Gibson is Vice-Chair of Desjardins Securities, and he uses the D-word. In fact he says he still believes there’s a 30% chance we can fall into a Depression if measures aren’t put in place to avoid a “second-wave” collapse in [...]
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