For those of you who have been following this blog, you know where I stand on the proposed aid package for US automakers (see Preventing Moral Hazard in the Auto Industry for background). I am not opposed to aid for General Motors (GM) and Ford (F), provided that aid come with strict terms: A moratorium on acquisitions (whether with Chrysler, or otherwise) A rationalization of operations - a re...
Results 1 - 10 of 878 for "RUS"
This is certainly the season for the bears. They were able to break the 2008 lows on the S&P 500, Nasdaq and Russell 2000. The Dow has somehow managed to hold above its October intraday low and I’m sure everybody will be watching that level in the coming days. That Dow low holding seems to be the last hope for the bulls in the short term — and that would be nothing but hope. Th...
As you all know, this is a hot topic for me. All of these proactive loan modification efforts now coming out of the woodwork by every bank, regulator and government agency is destined to keep the housing market completely depressed and turn home owners trapped renters, unable to sell or refinance, for decades. Why in the world would any home owner want to go this route? It is obvious why the i...
Filed under: Barrick Gold (ABX), Yamana Gold (AUY), Newmont Mining (NEM), ETF Investing, Goldcorp Inc (GG), Kinross Gold (KGC), BHP Billiton Ltd ADR (BHP), Anglo Amer ADR (AAUK)It seems that everywhere you turn you hear something about the price of gold, from analysts to commercials encouraging you to sell your old jewelry for big bucks. If you're tempted, how about a bit safer investment in th...
Closing Bell: Dow closes below 8,000; C, ETFC, FNM, GM, LVLT, YHOO all got hammered
Wed, Nov 19, 4:21 PM ET
Filed under: After the bell, Major movement, Earnings reports, Analyst upgrades and downgrades, Yahoo! (YHOO), General Motors (GM), Market matters, Citigroup Inc. (C), Federal Natl Mtge (FNM), Level 3 Communications (LVLT), S and P 500, DJIAHow many days, months, quarters, etc. will this ugly bear market continue? It is just as bad as buying dips on Internet stocks in 2000. The FOMC minutes gav...
Fedspeak! Paulson locks horns with lawmakers over rescue fund The risk of Bernanke's cash injections It isn’t a TARP without troubled assets to cover CPI + PPI = Deflation Year's defaults soar past a quarter-trillion S&P 500's Q3 earnings fall 22% from last year An interesting look at quarter EPS beat rates S&P 500 2009 estimates are all over the map Worst recession since 1930s is possible Depr...
The hedge fund manager William Ackman is nowhere near ready to give up on his idea of spinning off the real estate of the retailer Target. In a presentation to investors on Wednesday, Mr. Ackman argued that an initial public stock offering of 20 percent of a real estate investment trust owning the land under Target’s [...]
Filed under: Law, PoliticsThis post is part of a feature in which he wonder whatever happened to some notorious financial felons. See all 17. Boris Abramovich Berezovsky, Russia's first billionaire, now lives in exile in London. "I am really thinking of returning to Russia after Putin collapses," Berezovsky told the BBC earlier this year. Former mathematician turned media tycoon, Berezovsky was...
Largest moves always at the beginning and the end David Skarica, author of the Addicted to Profits newsletter, gives The Gold Report an exclusive preview of coming market attractions including double-digit inflation, a super pop in gold stocks, and the demise of an empire. A financial advisor who earned his reputation as a contrarian before he turned 30 by predicting the dot.com bust, Skarica w...
Citigroup Inc., in 2007, spent considerable effort in trying to launch what came to be known as “The Entity,” a giant Golemesque structure that would gobble up problematic assets known as structured investment vehicles. Citigroup has become that Entity, and markets don’t like it. The company’s equity and debt have been hit after it said it would take on $17 billion of th...