Archive for 'Stock Market & Finance' Category

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Fox news against CNBC’s choice in calling Jim Cramer their Financial Guru

Fox News all but wages war on CNBC commentator Jim Cramer in their latest ad which focuses on bad advice regarding Wachovia that Cramer apologized for and his dire warnings about the market on the Today show earlier this week.

"The last thing you need is bad advice. The last thing you need is CNBC's Jim Cramer," warns the ad.

The promos are running on FBN and FNC, as well as through local avails on CNBC in many of the biggest markets (including New York, Chicago and Los Angeles). The print ads ran in the New York Times and Wall St. Journal today, in the National section.

October 2008: Wall Street’s worst week ever

The week's events of how financial superpowers tried to halt the free fall, according to cnbc: 

Monday October 6th

Fed Reserve chief Ben Bernanke doubled the cash made available to banks for emergency loans to a whopping $900 billion.  Still, the Dow plunged 365 points and closed below 10,000 for the first time since 2004.

Tuesday October 7th

Ben Bernanke, a scholar and authority on the Great Depression, began dropping money from helicopters—if not literally then figuratively. He announced the unprecedented action of lending directly to non-financial companies through the commercial paper market. And on the news major indexes dropped more than 5% to their lowest levels in 5 years.

Wednesday. October 8th

HK investors said banks “mis-informed” them regarding Lehman minibonds

DJIA BOUNCES ON 20 YEAR TRENDLINE

On this monthly chart, the Dow Industrials bounced from its 20 year uptrendline and may be a good point to bottom fish back to the 11000 level.  A failure breakdown of this trendline may see the djia plunging to 4,500

I.O.U.S.A. - America’s Impending Fiscal Destruction

This documentary features how the federal deficit has reached mind-boggling proportions. In 2009, national debt will reach $9 trillion.

Read Roger Ebert’s summary and review here.

For an excerpt, see here: (more can be found in Youtube and the iousathemovie.org website)

Pinoys demand apology from BBC for racist Paul and Harry episode (YouTube video)

I first heard about this issue while driving on my way home this afternoon.  I was listening to Karen Davila and Victor de Leon - Lima's Pasada Sais Trenta over at DZMM when I heard them interviewing Congresswoman Hontiveros regarding an episode in a BBC televised comedy show.  The comedy show is called Harry and Paul.  The episode, entitled "Mating a Northerner" , showed a Filipino maid ordered to seduce one of the stars of the show, called the Northerner.  The Northerner is then ordered to "mate" and "mount" the maid.  It is obviously a case of racist stereotyping against our OFWs who have to serve as domestic helpers abroad.  Pinoys in UK are demanding for an apology from BBC.  Follow the link to watch the said episode.

Philippine Oil Stock Humor

This cartoon by FM member Colorofmoney depicts the humor in continued delay of first oil from the Galoc consortium. 

First oil was expected in early 2008 and cashflow from the Galoc development will support Nido's biggest exploration drilling program to date in the second half of 2008.  But after about 5 or so delays due to bad weather, faulty equipment (or people?), first oil has yet to be produced.

BFAD results show Yili and Mengniu milk products positive for melamine contamination

BFAD have released the results of melamine contamination testing and said that two milk products, Green Food Yili PUre Milk and Mengniu Original Drink Milk have both tested positive.  They have also identified several milk products that have tested negative for melamine contamination. These are:
 
1. Anchor Lite Milk
2. Anlene High calcium low fat milk UHT
3. Bear Brand instant
4. Chic Choc milk chocolate
5. Farmland skim milk
6. Jinwei Drink
7. Jolly Cow pure fresh milk
8. Kiddie Soya Milk Egg Delight
9. Lactogen 1 DHA infant formula
10. M&M milk chocolate candies
11. M&M peanut chocolate candies
12. Milk Boy
13. Nestogen 2 DHA follow-up formula
14. Nestogen 3 DHA follow-up formula
15. Nido 3+ prebio with DHA
16. Nido Full Cream milk powder
17. Nido Jr.
18. No-sugar chocolate of Isomalt 2 Oligosaccharide
19. Nutri Express milk drink
20. Pura UHT fresh Milk
21. Snickers fresh roasted in caramel nogut in thick milk chocolate
22. Vitasoy soya milk drink
23. Wahaha Orange
24. Wahaha Yellow
25. Want want Milk Drink
26. Windmill Skim Milk Powder
27. Yinlu Milk Peanut
28. Yogi Yogurt Flavored Milk Drink

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