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Personal Care, Household Stocks Facing Downward Pressure PDF Print E-mail
Tuesday, 16 September 2008 17:45
Despite big declines in some key commodity prices from their July 2008 peaks, Fitch Ratings says the outlook remains guarded for U.S. personal care and domestic household stocks and “ratings and outlooks could experience some downward pressure.” Surging oil prices caused many U.S. companies in the sector, such as Clorox (NYSE: CLX), Colgate-Palmolive (NYSE: CL), [...]
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Commodity Sector Companies Fight Back With Buybacks PDF Print E-mail
Tuesday, 16 September 2008 17:45
Dr. Duru submits:

(Quick side note before I begin... As I wrote this, I watched CNBC's special report on the latest convulsions in America's financial system. Lehman (LEH) going bankrupt. Bank of America (BAC) buying Merrill Lynch (MER). American International Group (AIG) in desperate need of $50B before the market opens on Monday.

As I finish this, futures are down 3-4% across all the major American indices. Yikes! And then a Fed meeting on Tuesday where the market may force the Fed's hand to try another desperate rate cut. All this stuff could completely invalidate any attempts to interpret the [short-term] technical information in the charts shown below.)


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