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CIT = transport.

Transport = passengers.

US $ gaining in strength = US tourists filling planes.

Option Volume for Jan 09. Declining IV.

Words from the (investment) wise for the week that was (November 2 – 8, 2009)

“Words from the Wise” this week comes to you in a shortened format as I am about to leave Cape Town for a visit to the colder environs of Switzerland and Slovenia. Although reduced commentary is provided, a full dose of excerpts from interesting news items and quotes from market commentators is included. Blog posting will be slow (and totally absent on some days) while I am on the road. The normal blogging service will be resumed on my return to Cape Town on November 16.

After filing for bankruptcy this weekend, CIT (CIT) stock started trading again on Monday with the shares opening 64% lower. As the large short position (15%) indicates, this has been a bonanza for some short sellers, but only those who managed to establish a position before the stock borrowing fees became prohibitively high. CIT group has a DCBS score of 10, the maximum possible. We highlighted CIT earlier this year when we identified short selling by bond holders well in advance of the equity price decline.

To download the whole article click here.

For Immediate Release

Chicago, IL – November 3, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CIT Group Inc. (CIT), Dean Foods (DF), Frontier Communications (FTR), Verizon Communications (VZ) and Time Warner Cable (TWC).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

After the previous session’s battering, markets registered modest gains Monday as a slew of favorable economic data sent traders back on the buying table.  However, broader concerns about the state of the economy and the health of the financial sector kept sentiments shaky on the Street as the Dow average wavered in a 180-point range.  President Obama’s warning that the economy would see more job losses in the coming weeks added to the bearish mood.

Got a quarter? You're in luck, you can buy one share of CIT Group (NYSE:CIT). CIT shares are down 63% since last Friday and doomed thanks to the company's filing for the 5th largest U.S. bankruptcy on Sunday.   Thank you U.S. Taxpayer, remember how we forked out $2.3 billion in TARP funds to buy CIT's common stock, those same shares that are valued at 25 Cents today? Well, kiss that money good-bye thanks to CIT's Chapter 11 filing, we aren't getting a penny back, that's right, welcome to..

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