Tag Archives: Banking
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
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
Stock Market Bolstered By Bailouts
In the past week, we have venerable investment banks Lehman Brothers folding and Merrill Lynch merging with Bank of America, leaving Goldman Sachs and Morgan Stanley as the remaining bastions of independents on Wall Street. Next, the Federal Reserve announced … Continue reading
Plunge In Oil Prices Claims Another Major Casualty
The US dollar, inspired largely by plunging oil prices and growing pessimism over the economic health of the EU and the U.K, is going gangbusters of late. It traded at $1.4455 Wednesday, a seven-month high against the euro. On the other … Continue reading
Dow Jones Rally By 331 points
The stock market desperately needs a stimulus and what better than to see Dow Jones rallying by 331 points, reversing 3 consecutive loss sessions. Continue reading
The Good Old Days Of Alan Greenspan
Don’t you just miss the “good old days” of former Federal Chief, Alan Greenspan? Look at how Bernanke is struggling to prop the economy and handle inflation. Continue reading
Stock Markets Bearish Despite Tumbling Oil Prices
Regional markets performed strongly as well. But don’t get all excited just yet. A recovery depends very much on what surprises Wall Street have in store for us. Continue reading
Inexorable Slide In Stock Market
No surprise for the red ink given that Dow Jones tumbled 358 points to close at 11,453.42 (its lowest finish since Sept. 11, 2006) due to record high oil prices. Continue reading
