Will Americans Change Their Spending Habit
Wealth Daily had an interesting article about where Americans stand on spending. It’s no longer wimpy to save, and it may not be so cool to spend. At least that’s the story several new sets of data tell as the market meltdown continues to change our economic attitudes. The U.S. household savings rate rose to [...]
No End In Sight: More And More Bad News
ECONOMY The Labor Department reported that jobless claims jumped by 32,000 to a seasonally adjusted 493,000 last week The Commerce Department said that new orders to factories for big-ticket manufactured goods fell by 4.5 percent last month The average price of a new home fell in August by 11.8 percent to $263,900, the biggest one-month [...]
The Stock That ROCKed
Gibraltar Industries, Inc. (ROCK) engages in the manufacturing, processing and distribution of residential and commercial building products, and processed metal products for industrial applications. ROCK is a great example of how when a stock starts reversing, there is no looking back. I shorted ROCK yesterday at $22.77 when it looked to have peaked and reached [...]