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• The bear market's sucker rally

  Posted Sep 09 2008, 06:24 AM by Douglas McIntyre
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  Filed under: Microsoft, Lehman Bros, Oracle, Ford, Boeing, IBM, GE, Washington Mutual, Fannie Mae, Freddie Mac
  Money Blog: Top Stocks Blog - MSN Money

  In community college Economics 101 students learn that there can be dips in bull markets. Usually these are caused by a single event like a change in the party that runs Congress. The same holds true for bear markets. Suckers jump in on one piece of news or another. The market spikes up. A week later, it's gone.

  The Fannie Mae and Freddie Mac rescue pushed the market higher and may do so for a few days. In Asia, they know better. The rally never made it beyond the first 24 hours. Markets turned down in Day Two.

  The overwhelming evidence is that almost no one benefited from the government taking over the agencies. The rest of the economy is in the toilet. A lot of data has come out in the last day underscoring that point.   Read More...

  Discuss ( 6 comments) 2,580 Views Digg this | Email this | Link to this

• Is Hewlett-Packard the exception or the rule?

  Posted Feb 20 2008, 08:48 AM by Douglas McIntyre
  Rating:
  Filed under: Microsoft, HP, Intel, AMD, Dell, IBM, Sun
  Money Blog: Top Stocks Blog - MSN Money

  Hewlett-Packard turned in one of the best performances of the earnings season. Net income rose 38%. Revenue rose 13% to $28.5 billion. The computer company raised guidance and its shares moved up 5%.

  HP is probably the best tech bellwether in the U.S. It not only sells PCs and printers, it has a large software and server operation. It has tremendous businesses outside the U.S., especially in Asia.

  Shipments from the company's PC operations were up 27% in the quarter. That has to be good news for chip companies AMD and Intel. Because HP is No.1 in global PC market share, it is also likely a boost for sales of Microsoft's Vista.   Read More...

  Discuss ( 3 comments) 1,805 Views Digg this | Email this | Link to this