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FirstAlert: 8:45-11:30 A.M. Investrend / Bestcalls
(InvesTrend Via Acquire Media NewsEdge)
September 26, 2008 (Financial Wire) Conference calls scheduled at 8:45
to 11:30 a.m. on Investrend Broadcast via partner BestCalls include
Liberty Media Corporation (NASDAQ: LINTA), American Greetings
Corporation (NYSE: AM), Sutor Technology Group Ltd. (NASDAQ: SUTR), AZZ
Incorporated (NYSE: AZZ), KB Home (NYSE: KBH).
Conference calls are often impacted by market trends, geopolitical
conditions, news coming from conferences and economic releases.
(By Frank Kollar) The fate of the stock market hangs on the one thing
free markets do not need: a government intrusion to the tune of over $1
trillion to fix a problem caused by greed, pure and simple. With close
to $400 billion already spent, Democrats and Republicans are hammering
out an agreement to add another $700 billion in an effort to bail out
our banking system, one that is on the verge of disaster and sitting on
a mountain of bad debt. The government s solution is to buy the bad
debt, in effect using taxpayer s money to save the banking system and
thus the economy, which will fail, according to the experts, if the
buyout is not forthcoming. And there is no guarantee the plan will
work. We do not want the economy to implode any more than the next
person does and maybe this truly is the only way out of this huge
problem. But what are the long-term ramifications of such an intrusion?
No one knows. The definition of capitalism is: a social system based
on the recognition of individual rights, including property rights, in
which all property is privately owned. Under capitalism the state is
separated from economics just like the state is separated from
religion. Note the words the state is separated from economics. But
now the state is entering the financial markets, altering, possibly
forever, the very definition of capitalism.
The Investrend Earnings Calendar features American Greetings (NYSE:
AM), expected at $0.09; AZZ Inc. (NYSE: AZZ), expected at $0.79; Jabil
Circuit (NYSE: JBL), expected at $0.31; KB Home (NYSE: KBH), expected
at $-1.25.
The Investrend Economics Calendar lists Gross Domestic Product (GDP)
for Q2 (8:30 a.m.), Corporate Profits for Q2 (8:30 a.m.), U. of
Michigan Consumer Sentiment Index for September.
The Investrend Events Calendar showcases no events today.
The Investrend Money Index is an indicator of the depth of market
direction or indirection. While not always including the same stocks,
the NYSE/NASDAQ 50 Most Actives indicate the direction in which the
mass of money is flowing. Last session's trading showed 40 advancers
versus ten decliners. Advancers were led by Fannie Mae (NYSE: FNM) up
11.49%, Morgan Stanley (NYSE: MS) up 9.32%, Jp Morgan Chase Co (NYSE:
JPM) up 7.31%, Adv Micro Devices (NYSE: AMD) up 7.17%, Micron
Technology (NYSE: MU) up 7.11%, E M C Cp (NYSE: EMC) up 6.89%.
Decliners followed Washington Mutual (NYSE: WM) down 25.22%, Amer Intl
Group Inc (NYSE: AIG) down 8.76%.
Vote in the Investrend Poll Question of the Day at Investrend
Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.britainexpress.com/index.htm
Quote of the Day: "For marriage to be a success, every woman and every
man should have her and his own bathroom. The end." Catherine Zeta-Jones
Today is: Comic Book Day, National Crabmeat Newberg Day.
Happy Birthday: Fletcher Christian, William Faulkner, Mark Rothko, Shel
Silverstein, Juliet Prowse, Barbara Walters, Michael Douglas, Cheryl
Tiegs, Christopher Reeve, Heather Locklear, Scottie Pippen, Will Smith,
Catherine Zeta-Jones.
Today in History: On a voyage preaching the gospel in 303, Saint Fermin
of Pamplona was beheaded in Amiens, France. The Battle of Stamford
Bridge in 1066 marked the end of the Viking era. Spanish explorer Vasco
N ez de Balboa reached the Pacific Ocean in 1513. The Teton Sioux (a
subdivison of the Lakota) demanded one of the boats from the Lewis and
Clark Expedition as a toll for moving further upriver in 1804. Ground
was broken in 1911 for Fenway Park in Boston, Massachusetts. Jimmy
Doolittle performed in 1929 the first blind flight from Mitchel Field
proving that full instrument flying from take off to landing was
possible. The Partridge Family debuted on ABC-TV in 1970 and would run
for four years. The Rock band U2 formed in 1976 at a meeting at drummer
Larry Mullen's home.
[FirstAlert was created by Gayle Essary, founder of Investrend
Communications, Inc., parent of Investrend Information
(http://www.investrendinformation.com). The opinions expressed in
FirstAlert do not necessarily reflect the opinions of Investrend.]
FinancialWire is a fully independent, proprietary news wire service of
Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated
to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .
(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))
Copyright ? 2008 M2 Communications Ltd.
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