Market Recap: Paper Planes

[youtube=http://www.youtube.com/watch?v=asNbeOBZaTs]

The Reformed Broker, AKA Ted Stryker, here with today’s Market Recap

You know it was a snoozer of a day when the most interesting thing  can point out was the beating the airline sector took.  The latest data on air traffic showed a decline of 3.1 % in April, after an 11.1% decline in March.  Still painful, but the rate of pain is decelerating.  There’s your Green Shoot of the day.

Here’s the 3:30 look at the airline stocks, hold your nose:

Market Capitalization % Change Market Cap
DELTA AIR LINES NEW [DAL] -10.24% $4.8 B
CHINA SOUTH AIR LTD [ZNH] +0.66% $2.0 B
TAM S.A. ADS [TAM] -0.78% $1.4 B
A M R CP [AMR] -3.78% $1.3 B
CONTL AIRLINES CL B [CAL] -6.11% $1.2 B

The green one is Chinese, big shocker.

The Dow gave up most of yesterday’s gains, down around 150 going into the last half hour…easy come, easy go.  Memory chips names were strong, but does anyone care about those 3 or 4 stocks anymore?  Echo?

In solidarity with those looking at paper losses on their airline stocks, enjoy Andy Milonakis’s cover of M.I.A.‘s Paper Planes.

Thanks for reading today, have a great night.

Full Disclosure: No positions mentioned, don’t trade based on any of my commentary on this site.

What's been said:

Discussions found on the web
  1. con rết số mấy commented on Sep 15

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2009/05/27/market-recap-paper-planes/ […]

  2. immediate edge review 2020 commented on Sep 23

    … [Trackback]

    […] Here you can find 61418 more Info to that Topic: thereformedbroker.com/2009/05/27/market-recap-paper-planes/ […]

  3. retirar bitcoin en chile commented on Sep 30

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2009/05/27/market-recap-paper-planes/ […]

  4. fake tag heuer carrera black commented on Oct 23

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/05/27/market-recap-paper-planes/ […]

  5. a risk assessment commented on Nov 15

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2009/05/27/market-recap-paper-planes/ […]

  6. pixie wigs commented on Nov 28

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2009/05/27/market-recap-paper-planes/ […]