Traders like to remind me that the definition of insanity is doing the same thing over and over again and expecting a different result. So it is that plans by Saudi Prince Alwaleed bin Talal to raise his investment in Citigroup are being greeted with open skepticism on the Street.    Read More

The flight into Treasuries, as well as the fact that credit default swap spreads are widening, is causing broad weakness in the stock market. .   Read More

The bet is that some small amount of money will be given to the auto makers now, enough to serve as some type of bridge loan into early 2009. At that point the Democrats will have the political leverage to develop a broader rescue package in the first weeks of February.    Read More

Stock traders were passing around the video, which consists mostly of money manager Peter Schiff, head of EuroPacific Capital making dire predictions about housing and the stock market.    Read More

Anheuser Bush is coming out of the S&P 500 (bye-bye old friend! It will no longer be traded at the NYSE; InBev trades in Brussels). The market cap of Anheuser Bush is about $50 billion. Therefore, $50 billion will be disbursed to the shareholders.    Read More

If you believe the top-down strategists, the stock market right now is NOT CHEAP. Don't buy. This matters, because the most bearish strategists have been the most correct ones this year. Therefore, these bearish strategists have the most clout. For now, traders believe them more than the more bullish analysts.    Read More

Producer Prices were down 2.8 percent in October, the biggest decline on record month-over-month and far more than the expectations of down 1.9 percent.    Read More

It's going to be very difficult for the markets to hold up just above their lows with that kind of news flow. There's been a lot of buying at this level for the past two months. What do traders have to show for it? Not much.    Read More

It's not just the auto and auto parts makers that want in on the TARP program! At last count, the mayors of Philadelphia, Phoenix, and Atlanta are also asking for money. Who's next? Well, the Detroit Lions are 0-10 (I kid you not)...they could use a little...something?    Read More

.More substantive is the talk of an automotive bailout; GM trading up about 5 percent pre-open. The House and Senate will be debating an interim financing solution this week, until the new administration takes control in late January.    Read More