Being humble is an important step in facing up to the economic malaise.
Results 1 - 10 of 265 for "HUM"
Filed under: Forecasts, Bad news, EmployeesBloomberg is reporting that the global banking industry could lose 350,000 jobs by the middle of next year. That would be about 20% of the employees in the sector. That level of unemployment represents an almost unimaginable human tragedy and one that might have been avoided in part if management at large financial house had not bet the bank on mortgag...
TGIF for sure!This week cannot possibly end soon enough -- it’s been a real downer with the Dow dropping 10% in 4 days. With an 850-point drop over 4 days we’ll be looking for a 170-point bounce back to 7,720 as our first test of the morning. I did an extensive Big Chart Review in last night’s post and we’ll keep an eye on those critical levels as well, especially in the...
Click charts to ENLARGE.Part of the attraction of GAMBLING, particularly in places like Las Vegas is the reality of intermittent reward, accompanied by the bells and whistles inherent to winning. At this point, investors have become deprived of the 'winning experience'. Mean reversion has simply become 'mean'.The 'bull markets' have been few and far between:BondsUS DollarJapanese YenVolatilityT...
TGIF for sure! This week cannot possibly end soon enough as it’s been a real downer with the Dow dropping 10% in 4 days. With an 850-point drop over 4 days we’ll be looking for a 170-point bounce back to 7,720 as our first test of the morning. I did an extensive Big Chart Review in last night’s post and we’ll keep an eye on those critical levels as well, especially in th...
What a day that was. We got our sell-off to 7,800 and then we got our bounce to 8,200 and then we got our retest of 7,800 and then we failed that and all hell broke loose! Today’s 444-point drop in the Dow coming off Monday’s open at 8,400 brings us down exactly 10.09% for the week. Our members will know that means we expect to retest the breakdown line at 7,750, which will be a mea...
Finding New Lows
I did a bit of a cleaner job on a labels overview. This is a really cool feature in ProphetCharts. Here ya go:
This is a 10-day chart. Not a one-year chart. There are plenty of stocks to choose from when it comes to finding names that are getting crushed. One of those was insurer Lincoln National Corp., which hit a 25-year low of $5.42 and was lately at $6.01 a share. The thing is, analysts can’t really figure it out. Insurers with broad exposure to commercial real-estate markets and the variable...
Filed under: Law, Politics, Financial Crisis This post is part of a feature in which we wonder whatever happened to some notorious financial felons. See all 17. Just say it's been "a long and winding financial road" for billionaire investor George Soros -- but one that's had more smooth traveling than detours. True, the Hungarian-born Soros was fined $2 million by a French court in 2002 for ins...