Tag Archives: bailout
Will The Automotive Deadlock Be Broken Next Week?
Over $7 trillion dollars have been made available by the US government to rescue the financial sector and the economy. That’s about $23,000 for every American, and more than half of US GDP. However, not much has been allocated to … Continue reading
One Way Traffic: Dow Plunges Below 8000
It is one way traffic: Dow Jones plunged below 8000, a first since 2003. There was a bear rally on Tuesday but it is a folly to be tempted by profits in all these technical rebounds. For those who are … Continue reading
Filed under Business, Economy, Stock Indices, Stocks
Merrill Lynch Pigs About Mortgages
Merrill Lynch, as a revered investment bank, don’t know what the f*ck they are doing with mortgages, yet they go around advising clients and selling mortgage based securities. What chance do retail investors have when their trusted adviser is flying … Continue reading
Are You Rattled By The Stock Market Crash?
On Friday, Dow Jones tumbled 128 points, while S&P 500 slid 1.2%, making it the eighth consecutive session of losses. For this week alone, the Dow fell 18%, its worst weekly decline on both a point and percentage basis. A … Continue reading
Investors Uncertain As Bailout Plan Stalled In Midtrack
Since Monday, the “Paulson Plan” has been thrust into intense debates at Senate hearings as Democrats and Republicans unite in their dislike of this mind-numbing $700 billion bailout of the nation’s financial system. I find such actions amusing, if not … Continue reading
