Monday, July 20, 2009

Monday premarket

AlphaNinja - Futures are up modestly, indicating a positive start for US stocks this week. CIT Group (CIT) shares are up 83% in premarket trading, as the company secured $3billion in financing that should prevent it from restructuring in bankruptcy court. Goldman Sachs raised its year-end target for the S&P500 to 1060 from 940, implying upside of 13% from this morning's level.

Subprime brokers are back, this time to "help."


...and the ever-entertaining Tom Wolfe opining on the same subject.

Details of the bondholders' deal with CIT

"Upward mobility," once a prized aspect of Las Vegas, takes a hit.

As the demand for gasoline appears to be "permanently impaired," refiners are looking to sell or close facilities.




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