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mandrake66 (52.98)



Bunge doing a bungee?

June 23, 2008 – Comments (3) | RELATED TICKERS: BG

Something weird is happening with Bunge LTD (BG) in CAPS today. I noticed a few players (devoish, legmaker, tastylunch) had it as their worst stock today and checked it out. Apparently it dropped $11.47 to $110.70, but CAPS shows it as having dropped $116.47 to $5.70, a better than 95% drop. CAPS seems to have it pretty wrong today.



Moody's Downgrades MBIA, Ambac

June 19, 2008 – Comments (1) | RELATED TICKERS: ABKFQ.DL , MBI

It's actually a little hard to find this story, almost as if it weren't even news, but since it's come so many months late and has been anticipated since about 58 BC (Julius Caesar predicted it in his Gallic commentaries, if I remember correctly), I guess it really isn't news:  [more]



China not the low-cost manufacturer anymore?

June 17, 2008 – Comments (2)

Globalization has always been a race to the bottom. A factory leaves New York for Alabama, Alabama for Mexico, Mexico for Malaysia, Malaysia for China. All roads have led to China for many years due to its massive glut of cheap labor, its relatively good infrastructure and educational standards, and its lack of regulation. China has been the rock bottom in production costs, aided by a currency pegged to the dollar and cheap petroleum that made transportation costs low. Some of these factors are beginning to change.  [more]



Goldman toughs it out, again

June 17, 2008 – Comments (3) | RELATED TICKERS: GS , LEH , BAC

One of the reasons I've been betting on a short-term recovery in financials is that Goldman Sachs was due to report today. I've wised up enough by now to know that a GS quarterly report is going to show the best of all possible worlds. If Lehman brought gloom and doom back into fashion, Goldman would ignite a rally. And sure enough, Goldman does not disappoint -- $4.58 per share vs an expected $3.42.   [more]



An especially troublesome sector of the real-estate market...

June 13, 2008 – Comments (3)

is haunted houses. The Onion has the gruesome details. Kudos to them for bringing this undercovered aspect of the housing crisis to light.   [more]

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