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TuesdayJan 22, 2008 6:28 pm

Daily Views for January 22, 2008

Company Tags: Mastercard (MA); American Express (AXP), Discover (DFS); Citigroup (c), Westpac Bancorp (WBK) 9 pm ET…January 22, 2008 --- Comment on Markets, Companies & Events in the News The stock market was a roller coaster today. The Dow fell 128 points to close at 11971. Traders considered this a bearable loss after the morning saw a 300 point drop in literally the first minute of trading – and that drop came after the Fed cut rates by ¾ of a percent, the first cut of such magnitude since 1990 when the economic fallout from the S&L crisis of the…

TuesdayJan 22, 2008 6:19 pm

Fed Emergency Rate Cut

The Federal Reserve slashed the Federal funds rate 75 basis points, from 4.25% to 3.5%, in a surprise move ahead of their scheduled meeting next week. This, on top of the earlier 50 basis point move, was in response to what the Fed described as the worsening economic conditions, which were evidenced over the weekend by the sell-offs in the foreign markets. The sell-offs were an expression of concern by the overseas markets about the ongoing credit problems and possible recession looming in the US. The US stock markets opened with the Nasdaq down 4% shortly after the opening, while…

TuesdayJan 22, 2008 6:16 pm

More Market Volatility Might be on the Horizon

With the Dow breaking down through the 12,000 mark, (finishing today at 11, 971.19), the S & P poised to scrape below 1,300, and the Nasdaq below the 2,300 figure at various times in Tuesday’s markets, investors naturally wonder what’s in store. Many observers, including the oft-quoted Jim Cramer, former hedge fund manager, now columnist and commentator on CNBC’s Mad Money, first expressed enthusiasm that the day’s opening market drop would wash out the excess optimism and put in at least a temporary bottom to even start picking up some financial stocks. When the market bounced back from its 500…

TuesdayJan 22, 2008 2:16 pm

Modavox Inc. (OTCBB: MDVX) Ready, Set, Syndicate

Phone users in the United States think that they have mobile devises covered when it comes to all the ways they might use them. They better think again, and discover that the United States is a backwater when it comes to using the mobile phone. Those that understand this are the ones that will win in this evolving communications era. Modavox Inc., an online audio/video production and syndication company, carries a vast library of audio and video products designed to fill mainstream and niche oriented internet/mobile content needs. The current direction of the company appears to be toward global audio/video/advertising…

TuesdayJan 22, 2008 2:05 pm

Mitek Systems, Inc. (MITK.OB) Launches First Mobile Check Deposit and Bill Pay Application

Online banking has become one of the most convenient ways to do banking today. Many consumers utilize this service for its many features such as checking balances, transferring funds, and paying bills online. But when it comes to depositing or cashing a check, bankers will have to take it to the local branch. That may no longer be the case as global leader in Check Image Analytics Mitek shows us the way of the future. Mitek is the global leader in Check Image Analytics used to detect check fraud and improve customer service. Their recognition technology is currently being used…

TuesdayJan 22, 2008 1:57 pm

Fund.Com, Inc. (ESVH.OB) Management Team has Extensive Online Media and Financial Services Experience

An experienced management team heads Fund.com, an Online Media company that focuses on connecting Investment Fund buyers and sellers. The company backed by EQUITIES magazine intends to create a Marketplace for Investment Funds sellers and buyers. CEO and founder Daniel Klaua has numerous Venture stage company experience and is a Media executive. Mr. Klaua managed a hedge fund under the name Cheyenne Capital. The fund was responsible for $8 billion in Funds and served as an Internet company incubator. Recently he led an Internet based company Music Nation through its Venture stage and has lead many other successful IP investments…

TuesdayJan 22, 2008 1:56 pm

January 22nd CEOcast Weekly Newsletter

All of the major averages dropped during the past week as a flood of bad news in the financial sector and ongoing concerns about the housing and credit markets weighed on investor sentiment. The Dow dropped 507 points, bringing its year to date loss to 8.8%. Similarly the S&P 500 also posted a loss of 76 points, finishing the week at 1325 and bringing its year to date loss to 9.8%. The Nasdaq continued its slide in the new year recording a 100 point decline, with a year to date loss of 11.8%. The small company-based Russell 2000 index also…

TuesdayJan 22, 2008 1:50 pm

OTCPicks Featured Company: Mindpix Corporation (MNDP.PK) Issues 2007 Year-End Update to Shareholders

Mindpix Corporation recently issued a letter to shareholders from management discussing the 2007 year, progress of their UltraFlex fitness device and recent decisions made by the team. The letter to stockholder for 2007 stated: “Looking back at the year in review Mindpix has reached many important UltraFlex milestones including completing a successful twelve-week UltraFlex fitness and weight loss study, producing workout DVDs, production of a "man on the street" featuring first-time users, signed the 2007 Female Presenter of the Year Forbes Riley, introducing TheraFlex to the Physical Therapy and Training to Physiotherapy Associates, acquiring testimonials from fitness instructors and personal…

TuesdayJan 22, 2008 12:00 pm

Capitalizing on a Growing Market, Halcyon Jets Holdings (HJHO.OB) Demands Top Position

Halcyon Jets Holdings (OTCBB: HJHO) is capitalizing on the growing demand for raid but productive charter flights, supported by “365/24/7” access to a fleet of luxury aircrafts; a partnership with aviation safety auditing, consulting and information company Wyvern Consulting Ltd.; a business plan based on strategic acquisition; celebrity-based marketing; and an aviation staff of highly qualified operators. According to the company’s Web site, business jet sales are expected to hit record highs for 2007 with the delivery of more than 900 aircrafts. In 2006, global sales were up 185% more than prior years. To top that, Federal Aviation Administration (FAA)…

TuesdayJan 22, 2008 11:53 am

Fund.Com, Inc. (ESVH.OB) Sees Opportunity in Connecting Equity Fund Buyers and Sellers and Has Backing of EQUITIES Magazine

This Financial Publishing, Advertising, and Licensing Company is focused on Investment Funds and has the backing of Equities Magazine, a Control Shareholder of the company. As investment funds have become the preferred Investment vehicle for US households, the company seeks to connect these buyers with sellers of the funds through its website. Mutual Funds account for $22 trillion and ETFs account for $1 trillion in Equity Assets. These popular investment vehicles account for 25% of Total Household Assets and 50% of Households in the US hold Investment Funds in their portfolios. They see their target market as the 57 million…

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