 Maybe
that US$1.5 billion is under the couch?
January
31, 2003
Bad
Dog
January
24, 2003
Dogs
Earnings Alert
January
17, 2003
Day
of the Dogs
January
10, 2003
Dogs
of the Dow Round 2
January
03, 2003
What
a Year!
December
27, 2002
AKAM
up 223%
November
22, 2002
DG
Still a Bargain
November
15, 2002
Time
to Take More Profits
November
08, 2002
82%
in Just 10 Days
November
01, 2002
One
Week ñ 25.6% Average Gains
October
25, 2002
TLK up 13%
October
18, 2002
DG
on Hold
October
11, 2002
Insiders
Flocking
October
04, 2002
MWY
up 10%…
September
20, 2002
Insiders
are Flocking…
September
20, 2002
Hold
GNK
September
13, 2002
DG
SSS up 6.3%
September
6, 2002
In
this DG Earnings
August
30, 2002
Hold HPON
August
23, 2002
Dollar
Store Run
August
16, 2002
DG
SSS up 6.6%
August 9, 2002
Sell
EWJ
August 2, 2002
DG
- the place to be
July 26, 2002
Good
News Remains
July 19, 2002
ITRU
Up 61%
July 12, 2002
More
Gains
July
5, 2002
ITRU
Up 53% in 11 Days
June
28, 2002
ITRU Up 36% in Nine Days
June
26, 2002
IBN
Remains a Hold
June
14, 2002
Gold in the Markets
June 7, 2002
WINKóSell
it for 52% Profits
May 31, 2002
South
African Breweries Update
May 24, 2002
Holds
and Sells
May 17, 2002
IC
now IBN
May 10, 2002
59%
Gains, 10 Days
May 3, 2002
WINK
up 8%
April 26, 2002
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Maybe
that US$1.5 billion is under the couch?
By
Christian DeHaemer
A day after AOL-Time Warner announced the record-breaking
loss of US$98.7 billion for last year, United Airlines
announced a US$1.5 billion loss for the quarter. A
smaller, up and-coming-airline, JetBlue (JBLU:NASDAQ),
announced that it made US$15.2 million or 22 cents
per share for the quarter. I’ve always hated airlines
as an investment. They have thin margins and are whipsawed
by the price of oil and the whims of tourists.
Spend it if you got it
But hey, this is America. If there is one thing we
are good at, it is spending money. Today, the government
announced that consumer spending was up 0.9% in December
- the largest increase in five pathetic months. The
downside was that income was only up 0.4%. For all
you mathematicians out there, this means we continue
to spend more than we take in. In my humble opinion,
the excess is due to the ever-shrinking rates folks
are paying for their home mortgages.
Stocks fall around the world
Stocks fell in Asia, with the exception of Japan.
The Nikkei Stock Average gained 23.13 points, or 0.28%,
to 8,339.94.
Gold hit a temporary resistance level at US$372 before
falling back to US$368. Gold is still well above its
trendline. The Philly Gold and Silver Index hit 80.
It looks as if we are setting up for a breakout over
the next two weeks. If you want leverage, you have
to look to the unhedged juniors. They still haven’t
priced in the recent advances, in my opinion.
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