Stocks around the world fell sharply Thursday as investors remained anxious about the grim outlook for the economy and corporate profits.
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Market broke through October lows yesterday. Just what I was afraid of. Let's see if it goes straight down to 7700.Steve Ballmer of Microsoft (MSFT) repeated yesterday that they don't want to buy Yahoo! (YHOO) anymore. Surprise! Not for me. In February Microsoft had a lot of free cash to pay for Yahoo! (terms of the deal were half stock and half cash). Not anymore, all that cash is allocated al...
This 2 part series will cover recent market developments about Berkshire Hathaway, points to a strategy on how you may benefit more on the same trades he did recently and an option trading strategy that probably Berkshire uses for maximizing it returns on the underlying they find worth investing. Don’t forget to read the big picture of US stock markets. Markets are behaving pretty much th...
Weak data was no incentive for buyers to follow through on yesterday's late day bounce so we stalled at the 38% retracement and prices reversed (nothing new) and retested range lows. The FOMC minutes reminded us how bad things really are and provided sellers the edge into the last hour.High level of short expiration put buying ahead of OPEX Friday.The VIX still feels like a bear flag despite th...
In early trade, AEM and ABX, my two gold watch list stocks rose to the top of the % gainers list on a weaker dollar. I was waiting for AEM to retrace or form some NRIBs at the base of resistance (blue line). The dollar ended up being a fade and gold pulled back in. However, I noticed that AEM was halted pending news. Briefing.com reported that AEM announced a $252 mln private placement; or 8 ml...
Some mortgage companies are slashing the amount that borrowers owe, deciding that a permanent cut in the loan balance may pay off if that helps teetering borrowers avoid foreclosure.
Standard & Poor’s said Wednesday that it downgraded Ambac Financial and the company’s main bond insurance unit because the rating agency expects more losses from guarantees of mortgage-backed securities and collateralized debt obligations.
The news of the day was hardly positive, what with poor housing figures, more worries about the automakers, and concern in credit markets, but the late-day implosion probably sparked more than a few corner-office types storming onto the trading floor and shouting to nobody in particular, “What the hell just happened?” The collapse of major financial stocks — Citigroup finishe...
For many years, General Motors Corp. and Ford Motor Co. were the bellwethers of the high-yield market. As two of the largest issuers of debt, the bonds of the auto manufacturers were considered the industrial-company benchmarks for the status of junk financing. Even though they occupy a sizable section of high-yield financing, the bonds are no longer the most-watched. They are still influential...
Geoffrey Rogow reports: There was no technology bubble to burst this time, but the tech sector still found the largest pocket of sellers in recent trade. While markets have broadly fallen since the start of the year, certain sectors have taken the lead during each of the weekly waves lower. Financials were the weakest performers in the first half of the year, consumers took the lead from there ...