Tag Archives: Citigroup

Wall Street Forsake Financial Stocks

It was a punitive end to a roller-coaster week. Standard & Poor’s 500 index lost 1.1% while Nasdaq composite shed 0.8% to remain above March lows. Continue reading

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Filed under Banking, Stocks

Oil Speculators Calling The Shots On Wall Street

I expected bearish sentiments in the stock market for this week because there is simply no good news on the horizon to spark a revival. Continue reading

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Filed under Economy, Inflation, Oil, Stocks

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

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Filed under Banking, Currency, Economy, Inflation, Oil, Stocks