The collapsing Euro will drive the U.S. stock market to new lows. Investor’s concerns about the sovereign debt of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) has caused a sharp and sudden sell off in the Euro against most of the other major currencies and most especially the U.S. Dollar. Since hitting its 2009 [...]

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 [...]

The Dow Jones industrials lost 223.32, or 2.6 percent, to 8,280.74, the lowest close since May 22. It was the average’s worst day since April 20.
All 30 of the Dow Jones Industrials were down on the day.   Eleven lost more than 3%.  They include AA, AXP,  BA, CAT, CVX, DD, HD, JPM, MRK, TRV and [...]