Monday, November 10, 2008

DIA, VIX call,GOOG,GS eps,

DIA will get to the 50 day, just not in the regular way.

Last week, the number of Americans continuing to collect unemployment benefits hit a 25-year high of 3,843,000.
Friday brings the release of the Commerce Department's October retail sales index, expected to show another monthly decline as hard-hit consumers continue to pull back on spending.
The government's report is expected to show retail sales dropping 1.2% in October after falling 1.2% in September.
With 84% of the S&P 500 having released results, earnings are on track to have fallen 13.9% from a year ago, according to the latest Thomson Reuters figures.
On Thursday morning, Wal-Mart Stores (WMT) is expected to post a quarterly profit of 76 cents per share versus a profit of 69 cents per share a year ago.
Sales at U.S. retailers probably fell in October by the most since the 2001 recession, pushing the economy further toward the worst slump in a quarter century, economists project a report this week will show.
Economists at Goldman Sachs Group Inc. last week projected the economy will shrink at a 3.5 percent pace this quarter and 2 percent in the first three months of 2009, making it the deepest slump since 1982.
Macy's Inc., Target Corp. and Gap Inc. posted declines in October sales at stores open at least a year. Nordstrom Inc., Kohl's Corp. and J.C. Penney Co. were among the chains that cut profit forecasts.
The numbers are brutal. Hardly anyone bought anything in the month of October. According to the ICSC-Goldman Sachs index, retailers had their weakest October performance since the index's inception in 1969! If this trend keeps up through the holiday season it is safe to say that January will become National Bankruptcy Month.

VIX call option lesson, follow up to comments section question.
at Zstock7 ( new site I'm building) , I can post 1000's of these examples, so you will finally get it.

GOOG, nobody I can find is buying GOOG, so I'll just wait for the RSI to give me a better reading. I don't like to buy stocks at RSI 36.

GS had it's eps estimates slashed this morning from 2.7 to -2.7, that's a $5 swing to the down side--
I prefer to go with Yahoo numbers--so I'll guess GS is now at $8 eps for 2008

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