News / Business
The Smallcap Newsletter QualityStocks Report 6/8/07
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For all of the market bears struggling to have their overbought argument heard for so long, their wrangling was heard loud and clear again as stocks closed lower across the board for a third straight session.
With the Dow, S&P 500, and Nasdaq up 7.4% already this year, and recording nearly half of those gains during the historically disappointing month of May alone, another pullback was not all that surprising.
That's especially accurate when the bears were armed with everything from soaring interest rates to rising oil prices and May same-store sales figures that were mixed after such a disappointing April.
Throw in the strongest reading on the ISM Services Index since April 2006 and bond traders became increasingly convinced that the Fed is far from easing anytime soon. Fed funds futures now price in less than a 10% chance of a rate cut by November.
And now for our Small Cap News… brought to you by Sub Surface Waste Management of Delaware, Inc. (SSWM)
Sub Surface Waste Management engages in the design, installation, and operation of proprietary soil and groundwater remediation systems for clean up of toxic waste releases to soil and groundwater, and the bio-recycling of spent activated carbon filtration media.
Sustainable Power Corp. announced on Monday, the signing of a Joint Venture Agreement with BCEI/Core to Rivera Process of Hydrolysis/Pyrolysis which delivers a cost-effective form of biofuels, which are considered to be of low to no value biomass.
Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel.
Latitude Industries Inc. announced that it will be exhibiting it Offshore Sport Fisherman and Center Console boats at The South Florida Boat Show in
Latitude Industries, Inc. recently teamed with application engineers from Bombardier to generate an increase of 5 mph to its 28SS custom powerboat, achieving 68 mph on a 28' boat powered by only twin 225hp.
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