Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Toddo on TV: Out of Luck?


Markets, movers and more.

Will this economy be a game-changer for gaming stocks (forgive us the weak pun)? MGM Mirage (MGM), Wynn Resorts (WYNN), Las Vegas Sands Corporation (LVS) and International Game Technology hit 52-week lows today. Hurry up and watch; Toddo has to catch a flight to Vegas in an hour.

Now watch this! Todd's got his eyes trained on Detroit: General Motors (GM) as a proxy for "bounce" candidates, U.S. automakers as possible takeover targets by foreign entities and a General Motors-Ford (F) hookup, which isn't the answer to the industry's problems any more than airline mergers are a cure for the high cost of fuel.

The greenback is off 37 percent since 2002 and a stunning 97 percent since 1913. Factor in the widespread negativity of money managers, rappers and supermodels, and a countertrend bounce doesn't seem so strange. Through the lens of dollar devaluation versus asset class deflation, one would think equities would have benefited in kind. The fact that they haven't may be an ominous omen. In Toddo's view, the greenback will rally, either as a cause (foreign holders pressuring for higher rates) or an effect (as our indebted world pays back dollar-denominated obligations).
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos