Bailing out the Automakers will not solve the problems with the industry. Bankruptcy may be the best possible option

Hong-Kong-based China Precision Steel (Nasdaq: CPSL) is a niche precision steel processing company engaged in the production and sale of high precision cold-rolled steel products and other specialty services.

China joins other major economies such as the United States, Japan and Germany which have already introduced their own stimulus plans. China’s plan calls for higher spending on roads, airports and other infrastructure, tax deductions for exporters and more aid to the poor and farmers. Spending on health and education will increase, as well as on environmental protection and high technology.

Interesting day where I didn't think we would be fading the gap as far as we did. Regardless, we re-entered the consolidation range not giving a care about China's stimulus package. On a longer short-term view, we are forming a bearish flag after having failed the 20-day MA 3x. At this point, we are more likely to test the October lows than to breakout to the upside.

Puda Coal, Inc. (PUDC.OB), a high grade metallurgical coking coal supplier in China, reported its 3rd quarter financial results today and the numbers are strong. Revenue hit $74.1 million, an 82% increase over third-quarter 2007’s revenues. Operating income came in at $9.0 million, while net income reached $6.5 million.

Following an historic election, we take a moment to examine just what an Obama presidency will mean to the United States - what we have to look forward to, and how he will deal with our current financial crisis. And according Jim Davidson, some of the numbers just don’t add up.

Investors obtain investment information from a variety of sources. One source is the advice disseminated from investment newsletters. Mark Hulbert of the Hulbert Financial Digest, tracks the performance of newsletter recommendations. His analysis indicates most newsletter recommendations tend to underperform the market.