TheMarketTone.com

You are browsing the archives of 2008 September.

For the second day in a row, Federal Reserve Chairman Ben Bernanke and US Treasury Secretary Paulson pleaded to the power players of Washington to pass their request for $700 Billion to implement their Troubled Asset Relief Program (TARP). However if we move the letters around a bit, TARP becomes TRAP and that is [...]

 
Markets have soared late this week on the news that Superman (aka Henry Paulson) will once again fly into the heat of battle and snatch victory from the jaws of sure defeat. According to Paulson, the federal government is busily crafting a taxpayer funded scheme to absorb all of the bad mortgage debt and make [...]

Over the past few days, the markets have shrugged off the government’s bailout of AIG and a flush of liquidity from central banks around the world. No matter what the Federal Reserve or the US Treasury tried to do, they failed to please the markets. However in the last few hours of trading [...]

The US dollar dropped like a rock at the open of the Asian trading session on Sunday. It has been a long weekend for US government officials and the leaders of Wall Street Banks. Bank of America and Barclays pulled out talks to buy Lehman Brothers as the government refused to provide sufficient funding. [...]

$ Greenfield Online, Inc (SRVY) - Microsoft Corp (MSFT)
September 12, 2008 (10:40a) - Tender Offer Statement Filed
MSFT filed the initial tender offer statement and offer to purchase for this transaction with the SEC on September 11, 2008.
The current tender offer expiration date is Wednesday, October 8, 2008.
The regulatory matters section of the statement notes the [...]

EURO BREAKS 1.40 HOW MUCH FURTHER CAN IT FALL?
The Euro broke 1.40 following the Reserve Bank of New Zealand interest rate decision as traders realized that the European Central Bank could cut interest rates over the next few months. Despite the hawkishness of ECB President Trichet, it should just be a matter of time [...]

Since the middle of July, a little less than 2 months ago, the Euro has lost approximately 1900 pips or close to 12 percent of its value against the US dollar. As the currency continues to slide and comes within a whisker of our 1.40 target, the next question on everyone’s mind is when [...]

This weekend, the US government announced that they have seized control of Fannie Mae and Freddie Mac, also known as the Government Sponsored Enterprises (GSEs). The sharp rally in the Asian and European stock markets as well as the move in Dow futures suggest that we will see similar strength in US stocks. [...]

In the 1980’s, the Ford Motor Company used the slogan “Quality is Job #1”. This was helpful in their campaign to compete with their Japanese counterparts who were perceived to have higher quality automobiles. It would seem, based on recent trends in the employment market that government is now Job #1. This morning’s employment situation [...]

There is no question that the US labor market is deteriorating. Non-farm payrolls fell by -84k last month, driving the unemployment rate to a 5 yeer high of 6.1 percent. However what made FX traders really sell the dollar was the jump in the unemployment rate and the revisions. The US government [...]