Unfortunately, I was right from this morning
Well, while the American markets didn’t see the despair the Philippines market did today, the Dow finished down another 2.4% and the NASDAQ down 3%. The drop in the Dow brought it down to its lowest...
View ArticleStocks jump 11%, yes in American markets, today!
Finally, some good news out of Wall Street! Today the Dow Jones Industrial average jumped 900 points, or 11%. Investors are expecting a rate cut from the Fed later in the week and caused a buying...
View ArticleDoes the media fan the flames of Wall Street’s troubles?
Well, probably. With 24 hour news programs, the media has to cover something, why not the worst news it can find? I’m not against the news at all, every once in a while I do enjoy sitting down and...
View Article“Feel Good Factor” election brings does not trickle into financial markets.
Late last night, while most of us were asleep, the Nikkei ended trading up just over 4 percent, Hong Kong was up over 3 percent, Sydney, 2.9…However, today during trading European and New York markets...
View ArticleOil has 2 day plunge
In Asian trading markets Friday, oil stayed steady at $61 a barrel after having a 2 day drop. Oil has dropped so far because of fears of a deep recession in the United States. Thursday, investors were...
View ArticleAIG wastes another $343,000
So, taxpayers just gave AIG another $40 billion…How do the execs “celebrate”? By going on another luxury conference, spending $343,000 of our tax payer dollars. I was going to go off on a rant about...
View ArticleStock market news for November 13, 2008
Today the Dow rallied as investors were buying up stocks on the cheap.
View ArticleColgate’s stock is lower than historical averages.
Colgate’s stock price has fallen about 25% to around $60 in the last year. The price is below the company’s historical average and with lower commodity prices and tinkering with its products, Colgate...
View ArticleYahoo CEO steps down
Yahoo! CEO Jerry Yang has stepped down. This news gave investors something to look forward to today; Now with Yang out of the way perhaps that Microsoft bid will come back sometime soon… I read most of...
View ArticleCitigroup stock drops to a 13 year low…
Citigroup’s stock fell today more than 20% to $6.40 a share. This is the lowest stock price that the group has seen since 1995. I guess this means that investors don’t believe the cost-cutting measures...
View ArticleDow closes below 8,000 while S&P closes at 5 year low
Today was another bleak day on Wall Street. The Dow tumbled over 5% to end down below the 8,000 point mark. Investors are worried about their own financial futures as they look toward the market. All...
View ArticleDow ends over 6.5% up today.
Today, Friday November 21, the Dow ended over 6.5%, or 494 points, up today. The best guess as to why the sudden change in heart by investors is that Obama is likely to name his treasury secretary...
View ArticleGood news on Wall Street
Stocks are up (so far) today due to Citi calming investors’ fears with a government bailout. The bailout will keep the huge financial company from going under. Not only is the Dow up (right now) over...
View ArticlePresident-elect Obama wants stimulus passed “right away”
President-elect Barack Obama said that the economy is likely to get worse before it gets better, and so he wants the new Congress to pass a quick economic stimulus bill and also pledged help for the...
View ArticleWhen will the bailout actually help the economy?
Banks are still failing, investors are losing thousands (if not more), families are still losing their homes. So how was the bailout supposed to help? We, as United States taxpayers, have funded...
View ArticleOil drops to another 4 year low
Despite the fact OPEC announced a 2.2 million per day drop in oil production yesterday, oil traded around $36 a barrel today. The last time oil closed so low as July 2004. This just proves further that...
View ArticleStocks traded slightly up on Christmas Eve
Santa brought a little gift to investors on Christmas eve; an end to the five day losing streak in the market. Christmas Eve is a quiet trading day on Wall Street, but it was enough to increase the Dow...
View ArticleWhat is a Ponzi scheme?
Named after Charles K. Ponzi, Ponzi schemes have had a very prominent place in the headlines in the last few weeks thanks to the Bernard Madoff scheme. A Ponzi scheme is defined as an investment...
View ArticleApple CEO Steve Jobs cites health reasons for upcoming absences.
Steve Jobs has said time and time again that his health is just fine and he will remain the CEO of Apple, but today he announced that he will be taking a medical leave because his health is worse than...
View ArticleSEC is looking into Steve Job’s health disclosure
As I wrote in an earlier post, Apple’s stock price seems to be tied to the health of its CEO Steve Jobs. Now the SEC is looking into his health disclosure to see if it has misled investors. Last week,...
View ArticleGDP fell in 4Q, not as bad as investors were expecting.
As consumers cutback spending and credit markets tighten, the economy takes hit after hit and has now seen the worst growth in a quarter century. The 4Q GDP shrank by 3.8 percent for 2008. While this...
View ArticleThe Starbucks “value meal”?
Starbucks is seeing the effects of expanding too much too fast and now is taking measures to help combat its falling profits. Enter the value meal. McDonald’s has done a pretty good job stealing away...
View ArticleThe nationalization of banks?
Citi bank as well as Bank of America’s stocks fell today because of fears about nationalization. However, is nationalization such a bad idea for these banks that have proven in the past that they can’t...
View ArticleThe Uptick rule to be reinstated?
The head of the SEC, Mary Schapiro, said that next week the SEC will propose a reinstatement of the “uptick” rule. The uptick rule was eliminated by the SEC in 2007. It required short sellers to sell...
View ArticleBernanke thinks the recession could lift by the end of the year
In an interview with 60 Minutes, Ben Bernanke said, “This (economic) decline will begin to moderate and we’ll begin to see a leveling off.” He also said that he expects a recovery beginning by the...
View ArticleIBM and Sun talks fall through
Sun Microsystems may be left in the cold after the IBM talks fell through. Sun turned down the IBM offer after IBM offered $9.40 a share. However, Sun’s shares closed at $6.56 today after the buyout...
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As the Rally Slows Down, Investors Get Defensive
The two month rally we saw in the stock market since late March has now officially hit a ‘plateau’. As that happens, investors naturally and understandably move to more defensive stocks, avoiding...
View ArticleToday’s Ebook – Top 20 Brokers for Individual Investors
Today’s featured ebook download is Top 20 Brokers for Individual Investors (1.30 MB, 29 pg) – Today, the brokerage industry truly has something to offer every customer. Yet, choosing the right broker...
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Dollar General plans its IPO
The discount retailer Dollar General is planning its initial public offering in an attempt to raise up to $750 million in a preliminary filing. However, it is unclear how the proceeds will be spent....
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This month could be particulary harsh for Wall Street.
As MSNBC noted, if you go by historical figures, September is typically the worst month for stocks. While most people would think October would be the worst month for stocks (think Black Monday and...
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