Case IH to Celebrate With Gold Signature Edition Tractors, New Model Intros

Mike Price sends: My opinions on investment and the world have changed so dramatically over the past twelve months that I have decided to divide my investment ‘philosophy,’ into two separate sections I think it’s fitting to start this new manifesto at the apex of the former section. My investment career up ‘til this point had been full of disappointments and hypocrisy, I read and wrote about the virtue of doing your own work and investing, not speculating; but all this time I borrowed ideas from others and rarely did the amount of work necessary to justify taking a position. This had all started to change after I stopped working as much and was able to plow all the excess time into investing, to great result (unfortunately the result for my physique was the opposite).[More...]

By Bob Blandeburgo Associate Editor Money Morning Chrysler LLC has officially been sold to Italian automaker Fiat SpA (ADR OTC: FIATY) after a Supreme Court delay was lifted Tuesday... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <a[More...]

The third largest US auto maker filed for Chapter 11. Chrysler announced it will temporarily halt most vehicle production while it completes a deal with Italian car maker Fiat to resume car production. The failure of Chrysler was expected, but when it happens it always a shock. Chrysler will still sell cars (they have plenty in inventory) & the gov would back its auto warranties. Its plants will be idled during the legal proceedings. A giant business will have its fate decided by a judge. •Chrysler Files for Bankruptcy Protection to Shed Debt, Seal Fiat Alliance Markets absorbed the news fairly well. Dow had been up 100 or so in the AM & fell, not badly, in the PM, staying near break even. Dow closed down 17, advancers ahead of[More...]

Late day selling brought the Dow into the red after holding on to modest gains during the day. Dow down 8, advancers & decliners were even while NAZ fell 5. Banks led the way, this time down again. Bank of America (BAC), Citigroup (C) & Wells Fargo (WFC) sold off 4+% on increased worries about stress test finding that they will need more capital. The S&P 500 FINANCIALS INDEX dipped to the low end of its recent trading range: Value 139.92Change<br[More...]