| Credit Crunch Contagion
So, short sellers beware. Past this however, and especially if holiday shopping numbers come in disappointing next week, I expect any strength in the stock market here to be quite fleeting, lasting into next week or so, and that's all. And although it could be quite violent in nature, much like the 40-point short covering rally in the S&P 500 (SPX) experienced last week to test the break of the 200-day moving average, what we should see here moving into the weekend is much the same, where I would be surprised to see prices get back above this resistance. This hypothesis is supported not only by the count and select internal readings on the broads now, but also increasing long-term trend line breaks in sector indices as well, where just last week the Retail Index ($GSPMS) has now joined the Bank Index ($BKX) in this regard.
Our Sales Team
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Japan Mobile TV in the News
A so-called digest version of official baseball games, offered free of charge via the operators Yahoo! mobile portal, will include games from Japanese major league baseball teams including; the Chiba Lotte Marines, Tohoku Golden Eagles, Hokkaido Nippon Ham Fighters along with the company-owned Fukuoka Softbank Hawks. The service sounds very much like the product offered by Tokyo-based Craftmax as described in our video interview conducted back in spring 2005. While we're on the mobile TV topic, several stories around the web caught our eye here this morning. Bansai TV If TV can go the bonsai way and shrink to wallet size, how will this affect those who make movies? Simple! Look to Japan for inspiration again and transform film making to a 'haiku: the terse traditional Japanese verse form of three lines, of five, seven and five syllables.
Wine, women and snogs
The latest show from the National Theatre of Scotland is being created by some of the country's most celebrated talents. Starring Cumming and Tony Curran, both of whom have successful careers in America, the play is directed by John Tiffany, who staged the phenomenon that is Black Watch. Euripides wrote The Bacchae shortly before his death in 406BC, and it was performed the following year at the Dionysia, the Athenian drama festival, where it took first prize. The play concerns Dionysus, the Greek god of wine and theatre, whose late mother Semele was a member of the Theban ruling family and whose father Zeus is king of the Gods. As the play begins, Dionysus is returning to Thebes after seducing and converting much of what we now know as the Middle East. .
BankUnited reports quarterly losses of $25.5 million
BankUnited Financial reported steep losses in its first quarter Thursday as problems in the housing sector took a toll on its mortgage portfolio. The Coral Gables-based company, the parent of its namesake bank, reported a loss of $25.5 million, or 73 cents per share, in its first quarter ending Dec. 31. That compared to earnings of $27.4 million, or 71 cents per share, in the same quarter in 2006. The quarterly loss was the result of a $65 million provision for loan losses the bank took, bringing the total set aside to cover potential bad loans to $118 million, compared to $39 million in the same quarter a year earlier. Without this provision, operating earnings were $17.3 million. Calling the results ''disappointing,'' BankUnited's Chairman and Chief Executive Alfred R.
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