Tuesday, April 28, 2009

Week's News That moves the Markets

  1. Monday April 27, 2009, The top story has to be the Swine Flu and it over shadowed the very poor restructure program laid out by General Motor's CEO Fritz Henderson. I was Twittering with a reporter who was checking out what will probably be the first case of Swine Flu for Michigan Monday night.
  2. Tuesday April 28, 2009, The restructuring of the UAW contract with Chrysler may put off the fall of Chrysler for a few years, but it can't save it alone. Thursday's Government deadline will become crucial to the markets this week! The Government says Bank of America and Citi need to up their bank's capital after the acid tests. Commercial Bank of China and Honda post profits.
  3. Wednesday April 29, 2009, Swine Flu is still part of what is moving the markets but, during the first two days of the week, it was the fear of the unknown that wreaked havoc on the markets. Now that we have become more knowledgeable, the markets are having a better day.
  4. Wednesday April 29, 2009, More companies appear to be showing profits for the quarter and this is helping the investment markets. CEOs worth their salt should have been able to, and/or should now be able to shed problems caused by last year's economic meltdown and get their quarterly profits in order during this quarter or next.
  5. Thursday, April 30, 2009, I will be coordinating the Your Money Bus (www.yourmoneybus.com) stop at the Detroit Public Library, 5201 Woodward Avenue, Detroit, Michigan. The nonprofit group is giving out TOTALLY FREE personal financial planning information to anyone who stops. We will be there from 10:00 a.m. to 3:00 p.m.
  6. Friday Morning, May 1, 2009, I will be coordinating the Lansing stop of the Your Money Bus (www.yourmoneybus.com). We will be right in front of the State of Michigan's Capitol Building, 100 North Capitol, Lansing, Michigan from 9:00 a.m. to 1:00 p.m. We will be giving out TOTALLY FREE personal financial planning information to anyone who stops by.
  7. Friday afternoon, May 1, 2009, I will be coordinating the Grand Rapids stop of the Your Money Bus (www.yourmoneybus.com). We will be at the President Ford Museum, Rosa Park Circle, Market Street and Monroe Avenue, in Grand Rapids from 2:30 p.m. to 6:00 p.m. We will be giving out TOTALLY FREE personal financial planning information to anyone who stops by.

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