Worth a listen even if you don’t agree with everything Professor Stiglitz says. Jeff Macke asks the right questions. Continue Reading
Worth a listen even if you don’t agree with everything Professor Stiglitz says. Jeff Macke asks the right questions. Continue Reading
Apple Stocks gained more than 5%, surpassing Exxon oil, as the most valuable company in America. Apple stock later came down, but Apple’s reaching the top position fared well for tech companies. Other leading tech companies which ended Tuesday with positive results were IBM, Microsoft, Intel, Dell and Hewlett-Packard. Apple joined the companies that have… Continue Reading
With the markets in high volatility, mainly downwards, everyone is seeking safe havens. While the Swiss Franc and other stable currencies may be good in the short term, these currencies have risen so much that they are adversely affecting national exports and may well be revalued by their governments. This will wipe out gains made… Continue Reading
Moments ago the Dow reverses course and goes negative. Investors are continuing their sell off after Ben Bernanke announced that rates would remain unchanged through 2013. Investors have been on edge since the S&P has downgraded the US on Friday. Yesterday’s 6.66% drop was the 12 largest drop since WW2. Economy the Real Factor Many… Continue Reading
There has been a bounce today in Wall Street a day after a huge 6% sell off. Most investors are trying to grab stocks at lower valued prices, yet most investors and analysts are clear that the drop will continue over a long time since the economy’s fundamentals are weak. Some say the US has… Continue Reading
Monday is the first day of trading on the American exchanges since the United States lost its triple A credit rating. Traders are prepared for anything to happen including a market crash. U.S. futures markets are indicating steep drops based on large scale global selling as international markets reacted strongly to S&P’s downgrade. Gold hit… Continue Reading
As the hours tick down to Monday’s Wall Street opening, investors are left wondering where to go when the proverbial sky seems to be falling. Since the S&P downgraded the US sovereign debt world stocks have plummeted. Middle Eastern markets tumbled as much as 7% yesterday and Asian markets fell over 3 percent. Both European… Continue Reading
The Downgrade Which Shook the World There are many investors and analysts who insist that the S&P credit downgrade will have little effect on markets. Although I would like to be drinking their economic Kool Aid I don’t have that luxury or escapist tendencies like so many others. The credit downgrade, which anyone with a… Continue Reading
The S&P credit rating company decided to finally downgrade the US to AA+. This is the first downgrade by a major credit rating agency in the history of the US. The Obama administration seemed to be surprised by the turn of events with the treasury saying that the S&P had made mistake. “A judgment flawed… Continue Reading
Wall Street continued its plunge with the Dow finishing more than 500 points down to close at 11,383. The S&P ended in “correction territory” at 1200 a 4% drop as well as the Nasdaq which ended 5% down. Wall Street is reflecting the growing concern of the increased debt turmoil in both the USA and… Continue Reading