Loading ...Housing:
Hovnanian Enterprises Inc., the New Jersey home builder is planning on raising $191 million in a stock sale; the stock dropped 12%. This is interesting because the company just forecast on May 5th that its 2008 cash flow would triple to $300 million. Today’s news makes me think that perhaps the cash flows […]
Should North American investors be investing based on an economic environment that is recessionary or inflationary?
As mentioned previously, the US economy seems to be in a bull market as bad news (such as housing or employment stats) results in rising stock markets. If the market responds to bad news by pushing up the stock […]
Recap:
Another US bank reported poor earnings, as Bank of America’s profits fell 77% on $6 billion of write downs. So far this quarter most of the poor earnings have been restricted to the companies with financial exposures i.e. banks.
Commodities:
Interesting stat by the International Energy Agency (EIA) that shows oil consumption by the emerging markets […]
