10 Worst Performing Industries during the month of May 2010:
Industry - % Change One Month
Auto Parts Stores 32.5%
Music & Video Stores 23.8%
Consumer Services 9.6%
Semiconductor - Memory Chips 9.2%
Closed-End Fund - Debt 5.6%
Drugs Wholesale 3.9%
Technical & System Software 1.5%
Special Eateries 0.6%
Hospitals -0.8%
Internet Software & Services -1.4%
10 Worst Performing Industries during the month of May 2010:
Industry - % Change One Month
Oil & Gas Equipment & Services -69.7%
Cement -59.6%
Foreign Money Center Banks -55.7%
Move Production, Theaters -55.0%
Office Supplies -52.6%
Publishing - Books -51.7%
Residential Construction -51.6%
Aluminium -51.4%
Agricultural Chemicals -51.2%
Steel & Iron -50.5%
source: CNBC.com
Monday, May 31, 2010
Saturday, May 29, 2010
The Euro
This is an observation regarding the Euro. The situation of the Euro can be explained like the metaphor of a house. At first the house gets built, relatives (in the case of the Euro, countries) move in and there is a sense of excitement, everyone is happy. Next thing that happens is some uncles get drunk, rack of huge debts and start to ask the healthier relatives for some money (in the case of the Euro, more stimulus, debt).
So something has to happen: the uncles get better; or the healthier relatives continue to bail out the uncles; or chaos ensues (like a war); or the whole house gets sold and everyone disbands peacefully with some bad feelings.
So something has to happen: the uncles get better; or the healthier relatives continue to bail out the uncles; or chaos ensues (like a war); or the whole house gets sold and everyone disbands peacefully with some bad feelings.
The Economy is Recovering?
The Commerce Department said gross domestic product rose 3% annual rate to begin 2010.
Friday, May 28, 2010
Thursday, May 27, 2010
Bonds rise, stocks fall
Over the past month, bond yields have decreased, while earnings yields for many major stock market averages have increased.
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