In a market that’s been 90% panic and cannibalism, it’s hard to think any fundamentals matter anymore. I’m not sure when and how fundies will come back into play as the shockwaves of the financial collapse around the world has very very real effects in the real world. Still, I like keeping an eye on this stuff.

• Scrap cost collapse causes steel bar prices to fall
• Kansas City Southern reports disruptions due to Hurricane Ike
• Wholesale prices dip 0.9% in August
• Spot market DRAM prices fall in China
• Hewlett Packard to lay off 24,600 employees
• Anixter buys World Class Wire & Cable
• Solar panel prices look to decline in 2009

• Uranium prices are flat but on verge of increases
• Supply of aerospace metals will stay tight
• Global stainless steel output falls in the first half
• Various specialty chemical prices boosted
• Mills united behind linerboard price increase
• Machinery manufacturing, buying is in a slide
• Supplier sees chrome price falling 30%
  

Sorry haven’t been posting much exactly because of the madness.  Just been making tiny “bunts” or “single hits” day trades and posting these throughout the day on my Twitter feed- follow me on Twitter! or check my Twitter feed here on the top left column.  Other than that, I like hiding in my foxhole, eating some marshmellows, listening to some She & Him (I didn’t know actress Zooey Deschanel was such a good singer!), watching Erin Burnett on CNBC, and waiting for the world to implode.  Hmm…Erin and Zooey do look kinda alike.  Nice.

Oh, prepping for my trip to NYC on Monday for the Merrill Lynch (MER) (well Bank of America (BAC) now I guess) Power & Gas leaders conference…except I dunno how many people will actually be there now as companies keep disappearing. Constellation (CEG) was supposed to be there…but Buffet just ate them today.  Kinda disappointed- I had done the homework on all these Utils.  Oh well, maybe Buffet will go instead for CEG….now that’d be uber awesome…and uber not happening.

Ok, back into my foxhole.

** Disclosure: No positions in the stocks mentioned **

This entry was posted on Friday, September 19th, 2008 at 12:10 am and is filed under Engineering, Flagged News, Gov\'t & Utilities, Oil & Energy, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.