| Transportation's Weak Spots Bill Luby submits: Sunday’s Chart of the Week: Falling Transports looked at the recent weakness in the Dow Jones Transportation Average (DJTA) and included a study of the performance of the index relative to the S&P 500 index. Today I am going to look under the hood of the DJTA and highlight four often overlooked transportation sub-sector indices:Complete Story » seekingalpha.com |
Japan Says NO to American Cars in Its Subsidy Program Andrew Horowitz submits: Here is one more piece of piece of evidence that we are seeing countries break from their promise as they pursue domestic economic agendas. Of course it is okay for a country to help out their own, but this is a blatant foul. Someone should call a penalty on Japan for this move. There is no doubt, this is protectionism at its best (worst). Now we will need to keep on the watch as to what the U.S. response will be.Complete Story » seekingalpha.com |
Hedge Fund Balyasny Asset Management Invests in Baltic Trading Market Folly submits: Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC in regards to shares of Baltic Trading (BALT). In the filing, they disclose a 5.52% ownership stake in the company with 925,000 shares. This is a brand new position for them and it appears as though they received shares in the initial public offering (IPO) on March 11th, 2010.Balyasny Asset Management, nicknamed BAM, was founded by Dmitry Balyasny in 2001. It has over 100 employees with the main office in Chicago and other offices in Greenwich, Hong Kong, London, Mumbai, and New York. Their investment process involves fundamental research by sector as well as dynamic capital allocation. They place a heavy weighting on experience and organize their teams so that they can concentrate on any given idea.Complete Story » seekingalpha.com |
GM's Bid to Re-Enter Finance Market: Have We Learned Nothing? Robert Salomon submits: Rob Cox and Rolfe Winkler penned an opinion piece in which they argue that GM (MTLQQ.PK) ought not re-enter the finance business (see Perils of Finance for Carmaker). They are absolutely right!The carmaker [GM]…is weighing a return to the finance business, possibly by acquiring its former unit, GMAC. Such recidivism is troubling on many levels.Complete Story » seekingalpha.com |
Weekly Rail Freight Sets New 2010 Record Wildebeest submits: The Association of American Railroads (AAR) released the latest weekly rail freight traffic report today:WASHINGTON, DC – Aug. 26, 2010 – The Association of American Railroads (AAR) today reported rail intermodal volume on US railroads for the week ending August 21, 2010 set a new 2010 record for the second consecutive week, with 236,404 total trailers and containers, up 22.4 percent from the same week in 2009, and up 2.6 percent compared with 2008. Weekly container volume, a subset of intermodal, was the highest on record, also for the second consecutive week, up 24.2 percent compared with the same week in 2009, and up 11.5 percent with the same week in 2008. Trailer volume, the other subset of intermodal, rose 12.4 percent last week compared with the same week in 2009, but fell 30.5 percent compared with 2008Complete Story » seekingalpha.com |