by Jason Apollo Voss | 07 05 2009 | Blog
Last month retail sales in the U.S. were down and strongly so, even friggin’ Wal-Mart (ticker: WMT) posted negative same store sales growth and recessions are their bread and butter. “Everyday Low Prices” and all that. So most retailers have reported...
by Jason Apollo Voss | 07 05 2009 | Blog
Back on March 12th of this year I posted a blog entitled, “Bottomed out?” At the time I was reluctant to make a call as to whether or not a bottom had been reached in the equity markets. There was still a lot of uncertainty. However, I was comfortable...
by Jason Apollo Voss | 07 05 2009 | Blog
In yesterday’s post I had said regarding the fact that Bank of America was going to have to raise massive amounts of new equity to improve its risk profile: “It will be interesting to see what the financial market response is to this BAC news. If the...
by Jason Apollo Voss | 06 05 2009 | Blog
Good morning folks! So the details of the first big stress test of the national banks that I posted about yesterday have been leaked to the public and they regard the U.S.’s biggest bank: Bank of America (ticker: BAC). And wow (!) was the amount of additional...
by Jason Apollo Voss | 05 05 2009 | Blog
Whew – three postings in one day! Sorry, but there is a lot of noteworthy news today. The Wall Street Journal is reporting today that fewer banks are tightening their credit standards. While credit remains difficult to obtain, the rush by banks to shut their...
by Jason Apollo Voss | 05 05 2009 | Blog
Today Ben Bernanke, the Chairman of the Federal Reserve, stated that he felt that the recession was losing steam and that there would be economic growth later this year. His basis for making those remarks rest upon a bottoming housing market, an increase in consumer...
