Most people expected thin trading during today’s shortened session and for the most part they were right, but a few bailout beggars saw huge gains and higher than average trading volume.
Today’s session closed at 1 p.m. EST, but that was more than enough time for Ford and Citigroup to earn the top spots for trading volume (this [...]
The markets never sleep, but TST is shutting down for the rest of today!
I’m preparing for a wonderful day of family, friends and…FOOD!!!
Taking some time to reflect on the many things I have to be thankful for and sending everyone a huge Sarah Palin-style Thanksgiving shout out! Enjoy the holiday :)
Tags: happy thanksgiving, sarah palin thanksgiving
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The Dow has bounced back! Well…at least for now.
In the past year the Dow has lost 31.5 percent of its value. In the past week it gained 9.12 percent. At this pace, we could be back in positive territory before the new year. Unfortunately, a pace like this would be impossible to sustain or justify. [...]
There are several market sentiment indicators that have nothing to do with the market: the Superbowl Indicator, the Hemline Indicator and the Aspirin Indicator. Now perhaps a new indicator will emerge…the Soap Opera Indicator?
I haven’t done any real research on correlation between soap content and the stock market, but I’d venture to say that you know things are bad when the stock market [...]
The popular vampire book turned movie, Twilight, brought in $70 million in its opening weekend and teenaged girls aren’t the only ones applauding the film.
Shareholders of Hot Topic (Ticker: HOTT) are becoming fans fast. The retailer, which owns exclusive licensing rights to produce Twilight apparel, saw its stock rise 27 percent on Monday.
I saw some [...]
Another late night weekend deal was struck between the Fed and a credit crunch casualty: Citigroup.
In my previous post I just wrote about how shocked I was to see Citigroup make it through the weekend. No sooner than I hit “Publish,” news broke that the U.S. government has agreed to bailout Citigroup!
Madness!!!
The world could not afford [...]
If your company can continue to operate without 50,000 members of its workforce, why did it hire so many people to begin with?
Citigroup announced that over 52,000 positions would be eliminated by early 2009, which would bring the bank’s worldwide headcount to 300,000. I mean no harm or insult to those who have lost or will lose their [...]
I invested in shares of Gap (Ticker: GPS) many years ago because I loved their clothes. Simple white button downs, jeans, khakis, peacoats and the like.
Then came the weird patterns, stripes and polka-dotted stuff…driving me into the arms of Old Navy and Banana Republic (only on sale days!). Both are part of Gap, Inc., so the company [...]
Today a three-month U.S. T-bill offers a return of 0.03 percent. With such a measly return, why are people flocking to them?
It’s pretty simple: positive 0.03 percent is better than negative anything.
Someone asked me why the rate is so low and wouldn’t it be less trouble to tuck the money away somewhere safe at home. Here are some reasons [...]
Today the Dow lost 427 points and closed below 8,000. Perhaps that is exactly where it should be.
Back on 10/28, the Dow closed at 9,065.12 after rising 889 points during an extremely volatile session. Traders were jumping for joy while I played the pessimist telling everyone to beware of the 900 point pop. Prior to the [...]
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