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Friday, December 19, 2008

The Kirk Report

The Kirk Report

A Christmas Wish

Posted: 19 Dec 2008 11:06 AM CST

A Christmas Wish

For the remainder of 2008, I'll be away from the trading desk to spend time with family and for thoughtful reflection upon the new year ahead. I will return on Monday, January 5, 2009. Until then, may you and your family have a very Merry Christmas!

Q&A With Jonathan Hoenig

Posted: 19 Dec 2008 10:31 AM CST

Jonathan Hoenig
For many of you, Jonathan Hoenig needs no introduction.

As managing member at the Capitalist Pig Hedge Fund and a regular contributor to Fox News Channel's Cashin' In, Fox Business Network's Cavuto, and WLS (AM) 890's morning show, Don Wade & Roma, Jonathan has established himself as one of the more popular and highly-respected personalities on television. His book, "The Capitalist Pig Guide to Investing" has been on my recommended reading list and he has been a frequent commentator in the financial press including a weekly "must read" column at Smart Money. Some of his latest articles can be found here.

It is with great pleasure that I share this Q&A with him.....[READ]

Christmas Tidings From Fred

Posted: 19 Dec 2008 08:33 AM CST


Bush Auto Bailout

Posted: 19 Dec 2008 08:30 AM CST

Good morning. Premarket futures are slightly higher after Bush announced a $13.4 billion dollar low-interest loan from TARP to the automakers with an additional $4 billion in February.

Beyond the auto bailout, investors will also be watching the reaction to earnings from Research in Motion and Oracle as well as how currencies trade after Japan's central bank cut its target lending rate to 0.1%. The S&P also cut ratings on 12 banks.

Premarket gainers: GM, F, ZQK, PBKS, LIHR, UAUA, NEXM, FBC, PWAV, CSUN, EGY, ADLR, COMS, DRI, MFE, ORCL, NLY, JDSU, ASML, RIMM, DW, SIRI, & MNKD.

Premarket losers: CLDX, DVAX, IPI, AUY, CADX, PDLI, PALM, CDE, KMX, RAD, SU, GTE, CY, GFI, DGI, RBS, RTP, POT, SLW, MT, GNW, MT, HBC, AAUK, & ALVR.

Heading into the final trading days of 2008, we have a relatively tight trading range to keep an eye on between Monday's lows (S&P 860) and highs (S&P 910). In fact, a little more weakness today (so long as the declines are limited) would be a positive development to set up a bullish tone for the rest of December. Today is also quadruple witching day and many traders (myself included) are closing their books for the year.

Go make it a great day!

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