Archive for January, 2008
Tuesday, January 22nd, 2008
It is no surprise that Bank of America is suffering a bit from credit losses. They would be in a class by themselves if they weren't. They suffered both a fall in net income, and a 32 percent decline in revenue.
Net income at the Charlotte-based bank declined to ...
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Monday, January 21st, 2008
If you are getting started with stock trading, you are probably excited about the concept of margin. Margin, when used judiciously, can be a great way to leverage additional funds on winning trades. But if you aren't careful with your capital, your margin account might collapse, forcing you ...
Posted in Stock Investing Principles | No Comments »
Monday, January 21st, 2008
It's not hard to see what an impact the U.S. economy has on the rest of world. If people are expecting a recession in the United States, it could mean a slowdown in most other markets of the world. The Asian and European stock markets have tanked on ...
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Friday, January 18th, 2008
What goes down must go up, or something like that. After a massive drop on Wall Street yesterday, stocks are poised to recover a bit today, based on optimistic outlooks from companies like GE.
Federal Reserve monetary policymakers meet Jan. 29-30, and the market widely expects them to lower the ...
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Thursday, January 17th, 2008
President Bush and Fed Chairman Ben Bernanke both support doing something to stimulate the economy of the United States in order to avoid a recession. There were no clear specifics implemented on what a recovery plan would look like.
Although Republicans and Democrats differ over what provisions should ...
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Wednesday, January 16th, 2008
When Citigroup has already announced $12 billion in writedowns, you could almost be assured it would be a tough quarter for JP Morgan, the nation's third largest bank. In fact, JP Morgan had a worse than expected quarter, continuing the trend for big banks, but is still running ahead ...
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Tuesday, January 15th, 2008
An $18 billion writedown is tough for any company to swallow, even Citigroup. Losses on consumer loans and a recent $9 billion+ loss are making things tough at the world's largest financial company.
Citi also said it would raise $12.5bn in new capital to shore up its balance sheet through ...
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Monday, January 14th, 2008
Good news from IBM sparked a rally in share prices today. IBM, one of the 30 companies who comprise the Dow Jones Industrial Average, announced their fourth quarter results would be 24 percent higher than originally thought.
Despite the good news from IBM, the financial sector is still taking a ...
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Tuesday, January 8th, 2008
Countrywide Financial is a company that has a lot of exposure to the subprime crisis, and that's making investors lose their appetite for shares in the company. Rumors that the company was heading into bankruptcy today pushed the stock down rapidly.
The beleaguered company run by CEO Angelo Mozilo has ...
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Monday, January 7th, 2008
If you have ever received an unsolicited email with a hot stock tip, you are probably familiar with the work of the "Spam King" Alan Ralsky. He has now been indicted by a federal grand jury in his home city of Detroit over charges he headed a ring of ...
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