Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Wednesday, October 01, 2008
Stocks Finish Lower, Weighed Down by Construction and Commodity Shares
Market Summary
Top 20 Biz Stories
Today’s Movers
Market Performance Summary
WSJ Data Center
Sector Performance
ETF Performance
Style Performance
Commodity Movers
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Commentary
After-hours Movers
After-hours Real-Time Stock Bid/Ask
After-hours Stock Quote
After-hours Stock Chart
In Play
Today's Headlines
- Polish economic growth may slow more than previously forecast next year as the consequences of the global financial turmoil become known, central bank central bank Governor Slawomir Skrzypek said.
- Oil prices are more volatile than at any time since the first Gulf War in January 1991 as the banking crisis raises concern the six-year rally in commodity prices is over. “Historical volatility has jumped about 30 points over the last 20 sessions,” said Stephen Schork in his daily Schork Report.
Wall Street Journal:
CNBC:
- Steel Authority of India Ltd. plans to cut prices of flat products, citing company officials.
MarketWatch.com:
WealthBulletin:
- At least 1000 hedge funds, one in eight of the worldwide total, are trying to unwind investments held by their prime brokers amid moves today by investment firm Olivant to recover its 2.78% holding in UBS, which was held in accounts managed by Lehman Brothers in
Fox News:
Market News International:
- Charles Plosser, president of the Federal Reserve Bank of Philadelphia, may be prepared to back further interest rate cuts if the outlook for the economy weakens, citing an interview.
Reuters:
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- Deutsche Bank AG CEO Josef Ackermann said Europe should be ready if necessary to provide a financial rescue plan for banks similar to the $700 billion bailout in the
O Estado de S. Paulo:
Bear Radar
Style Underperformer:
Mid-cap Growth (-1.73%)
Sector Underperformers:
Coal (-8.51%), Steel (-5.06%) and Oil Service (-4.92%)
Stocks Falling on Unusual Volume:
FSS, CLF, FCX, GLRE, XTXI, PDX, PHO and ATU
Stocks With Unusual Put Option Activity:
1) LVLT 2) GRA 3) BSX 4) MCO 5) JOSB
Bull Radar
Style Outperformer:
Mid-cap Value (-1.13%)
Sector Outperformers:
Airlines (+4.05%), Banks (+1.80%) and Restaurants (+.75%)
Stocks Rising on Unusual Volume:
GOOG, UVV, C, LYG, SFD, MWIV, OTEX, NUAN, DMND, FCFS, GPRO, FSLR, IMCL, NGT and UGP
Stocks With Unusual Call Option Activity:
1) MYL 2) RYL 3) NUAN 4) SNDK 5) JBL
Links of Interest
Market Performance Summary
Style Performance
Sector Performance
WSJ Data Center
Top 20 Biz Stories
IBD Breaking News
Movers & Shakers
Upgrades/Downgrades
In Play
Exchange Volume vs. Average
NYSE Unusual Volume
NASDAQ Unusual Volume
Hot Spots
Option Dragon
NASDAQ 100 Heatmap
DJIA Quick Charts
Chart Toppers
Real-Time Intraday Quote/Chart
Dow Jones Hedge Fund Indexes