I have been watching the market and had been preparing something to write on the Froth and Fluff in the market. That Goldman Sachs is being sued by the U.S. Securities & Exchange Commission with civil fraud trumps those concerns.
However, let me first comment on the Froth and Fluff because the major U.S. stock market [...]
She is one of the few bank analysts, which had sell ratings on all of the banks before they declined significantly in 2008. Her argument is that banks are ill prepared for an unemployment rate of 10%.
“No bank underwrote a loan with 10 percent unemployment on the horizon,” Whitney said. “I think there is no [...]
Dow up 74 points yesterday (6/4/09). Big movers on the upside were BAC, C, JPM and AA. 10/30 Dow stocks down and were led by MRK.
Looking at the 26 non-financial Dow 30 stocks today on StockDiagnostics.com. According to the numbers only three Verizon (VZ), AT&T (T), and Wal-Mart (WMT) had both increasing revenue and [...]
The Senate’s failure to pass the $14 billion in emergency bridge loans for the auto industry has put President Bush and Treasury Secretary Paulson into a quandary. It’s most likely that any bridge loan to save the auto industry from bankruptcy will now have to be provided by the U.S. Treasury. The decision by the [...]