Financial News

On Friday either we rally like no tomorrow or its a big drop to Shitsville.  Treasury Secretary Timothy Geithner warned Americans today that the country's already sky-high unemployment rate could get worse before it gets better.

In an interview with the ABC, Geithner admitted that "it is possible you're going to have a couple of months when it goes up," as out-of-work Americans see the economy recovering and try to return to the labor force.

Electronic Arts (NASDAQ:ERTS) reports Q1 2010 results after the bell today and the Street expects a loss of 35 cents per share on revenue of $502.3 million.

Electronic Arts (ERTS) shares are trading in limbo at $16.30, near the bottom of its 52-week range of $14.06 to $22.14.  The same goes for Activision Blizzard (NASDAQ:ATVI), its shares are stuck at $11 and trading right in the middle of its 12 month range.   However Take-Two Interactive (NASDAQ:TTWO) shares have managed to increase 33% from its 52-week low, its shares are up 1% today at $10.54.

Great article at BusinessWeek.com worth your time and attention Masters regarding commodity ETFs titled "Amber Waves of Pain" digging into such funds as the USO, UNG, and DBA. 

Lured by the idea of profiting from raw materials, investors put $277 billion into commodity ETFs and related securities by the end of 2009. Then they noticed a problem: When commodities go up, the commodity ETFs often don't.

Plain and simple, insiders have been buying American Superconductor Corporation (NASDAQ:AMSC) shares like candy. During the month of July, insiders snapped up 200,000 shares of company stock at a market value of $6,403,500. During the past six months, insiders have increased their overall holdings in the company by 12.78% and now own 10.23% of AMSC stock.

Over the past 12 months American Superconductor (AMSC) shares have traded between $24.35 and its 52-week high of $43.95.  American Superconductor Corp shares are now trading with a P/E Ratio of 84.4 and EPS of 0.36.

Oakland's City Council desperate for new jobs and tax revenue, gave its final approval last month to allow four enormous marijuana factory farms. Jeff Wilcox and more than 220 others have expressed interest in applying for the permits to be awarded next year.

The city's audacious plan has inspired talk that Oakland could become the Silicon Valley of pot, home to the world's first state-of-the-art marijuana start-ups.

Research in Motion (NASDAQ:RIMM) shares are now just 15.7% from its 52-week low.  Today's overblown story about the UAE saying they "may"  block key features on BlackBerry smart phones, citing national security concerns because the devices operate beyond the government's ability to monitor their use is just hot air.

Key word Masters, the UAE "may" cut off RIM by October, that's three months away, do you really think this issue will still be alive then?

Fellow Masters, as most of you know, a study of history shows that stocks are trading relatively cheap.  Of course the markets of the past didn't have trading robots buying millions of shares, Google and iEverything, and the ability to place a trade in just a few clicks of a mouse versus calling your broker on the phone and being charged $50 per execution.

This week we pointed out a few stocks worth your attention and other investing ideas. Thus let's go over the list again and dig into some nachos while we are at it (plus enjoy a Mastery classic ad from the past)

Fellow Masters, we didn't drink our V-8 this morning, thus the lack of investing ideas.

To make up for it, check out these two stories from FundMyMutualFund.com and WallStNation.com

And of course, DRINK UP JOHNNY!

Brunswick Corporation (NYSE:BC) shares are up 12% today and in one year the stock has climbed 216%.  Brunswick is one of the few positive stories today impacting the market, and I'm sure we are all kicking ourselves for not buying the stock last summer when it was trading in the $3 range.

Makes me want to lick a bowling ball, how about you?

The major indexes are once again falling, proving that U.S. equities are as stable as a non-medicated Britney Spears.

Today traders are all worried about deflation, double-dip recession, and the same cut & paste issues that have plagued this market since 2008.  However if you have any cash laying around get it out of stocks and go buy yourself a second home thanks to mortgage rates falling to their lowest level on record for the fifth time in six weeks.

So let's all shave our heads, get a little crazy, and attack some camera dude (just for fun).