Ford Beats

Posted by UpsideTrader
on November 2nd, 2009

The White House went orange in celebration of Halloween this weekend, so I’m wondering when we will switch to a lovely reddish hue in celebration of our suffocating debt. I strongly support a color scheme for our deficit and out of control spending. I think something in a nice magenta every time we add another $500 billion and maybe something rainbowish when we add a trillion. At the very least, Geithner should wear a clown suit when we tag these milestones.

Ford beat their number and said that they would be solidly profitable in 2011. Good for them as they didn’t have to dip into my wallet to do it. Futures are up a bit and the dollar is lower. Bernanke speaks Wednesday and unemployment figures arrive on Friday.

I’m watching 1020, then 1002 as S&P support. Have a great week.

Monday, November 02, 2009

Economic

10:00am Oct ISM Manufacturing (last 52.6), Oct ISM Prices Paid (last 63.5), Sept Construction Spending m/m (last 0.8%), Sept Pending Home Sales (last m/m 6.4%, y/y 12.1%)

Events

3:00pm Fed’s Tarullo speaks on incentive pay in Washington, DC. EEI Financial Conference. Trades Ex-dividend: CNX $0.10, XLNX $0.16, FO $0.19, CYN $0.10, GLP $0.488.
10:30pm Reserve Bank of Australia cash target interest rate decision

Earnings

Before the Open: ASF, BPL, CSE, CNL, CLX, CNA, CTB, DF, DVD, DCO, F, FNDT, GEO, HAE, HE, HUM, L, MCY, LABL, BABY, NICE, OSG, PRGO, RBC, STAN, SYY, TSTY, VRX, WATG. After the Close: ABCO, AIMC, APC, AACC, CAR, AXS, BRE, CKEC, TAST, CHK, CGNX, CRK, EXBD, CCRN, CUTR, DIOD, DLLR, DW, ETM, EXR, FVE, FST, GUID, HL, HLF, HIMX, HTCH, IPHS, IPCM, KND, KGC, LF, MNKD, MIG, NATL, ASGN, PKY, PNSN, PPS, PFG, PRA, PSB, QCOR, RSG, RTEC, SRSL, SM, SYKE, SNCR, SVR, TXRH, TNS, UDRL, VIRL, VMC.

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