Financial News

Once again, the latest stats show that jobs are scarce and believe it not, Americans don't feel like spending.  Biggums' of the world are picking up steam and the major equities continue their fall today.  The Conference Board stated today that those claiming jobs are hard to get rose from 47% to 49.6%.  More rocks please.

Honda's making profits like nobody's business - here's the news from money.com:

Honda (HMC), the world's seventh-biggest car maker, has weathered the industry turmoil that drove two U.S. automakers to bankruptcy this year better than many as its profitable and dominant motorcycle business cushioned the blow.

Sales by the maker of Honda Civic cars have also turned up thanks to government sales incentives such as the United States' cash-for-clunkers program. That has

The Masters started talking up SL Green Realty Corp. (NYSE:SLG) shares at $19 a share back in July.  Today the New York heavy REIT is at $41 a share.  SLG reported Q3 2009 revenues and EBITDA of $249.6 million and $141.7 million with a net loss of $2.5 million.  After the bell shares of SLG held steady at $41.81.

The irony of what has happened to California is almost enough to put Arnold back to work as the one thing that could put the state out of its misery.  John Judis takes a long, hard look at California to wonder: Is this the end of the dream? Or will something else come along, a la Silicon Valley or biotech, to divert the state from its unsustainable course?  CA unemployment just hit 12.2% last month a 70 year high. To be or not to be -- terminated.

The PowerShares DB US Dollar Index Bullish (Public, NYSE:UUP) is down to a 52 week low, but it looks like a rally is formulating. Here's the news:

The dollar rallied from 14-month lows versus the euro on Monday, as riskier assets such as U.S. stocks and commodities fell, prompting investors to lock in recent gains in other currencies.

Analysts also said investors felt uncomfortable pushing the euro higher given the huge amount of bearish trades on the dollar, which suggests a near-term recovery in the U.S. currency is on the horizon.

We all know of the rivalry between Apple and Microsoft. But did you know that more than one company hates Apple? 

Verizon, Google and Motorola have opened a second front with the Droid iCan’t campaign (this is actually rather funny) that targets the iPhones weaknesses. None of these companies has any love for Apple. Verizon thinks Apple has been trying to blackmail them into a contract they don’t want to sign, Google’s CEO was just fired from their board and Apple booted Google Voice from the iPhone, and Motorola was burned by the ROKR joint venture

Never has there ever been so much pressure on the U.S. Dollar to make a comeback and despite Jay-Z's 'Blue Magic' video being released in 2007, its a clear sign of the times.  Sure the video pimps the Rolls but the wads of cash have been replaced by 500 Euro Notes.  Yes, Cash Does Rule Everything Around us.

Amazon.com, Inc. (NASDAQ:AMZN) shares hit a new 52-week high after hours , up 14% at $107.04. Amazon shares haven't been this high since 1999, its time to party.

Kids can't enough of McDonald's (NYSE:MCD) yummy fries and investors keep clocking gains in their company shares.  Once again McDonald's Corp. beat analyst expectations and the company is looking forward to October sales.  Happy Meals for everyone, even the babies.

I was reading Matt Phillips' blog over at the WSJ and found this article, it seems to confirm the Stockmasters sentiment right now:

From time to time, we like spotlighting phrases gaining traction among the financial commentariat, as the type of trusty cliches pundits wield often say something about the broader ebbs and flows of sentiment. As such, we’re keeping an eye on