Today we hit an interesting level for the S&P 500. Intraday, we moved down to decade old support levels and then as if on queue, buyers (aka the Plunge Protection Team) came in to move the markets back up, turning a significant loss into a reasonable gain.
While that appeared to...
From the lost archives. John C. Dvorak and Andrew talk about markets, crashes ad bailouts. There is sure to be a rant or two in there somewhere….
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A few of the more important reading items and links for November 17th :
Goldman Targeted by Investor Complaints of Naked Short-Selling – Nasty dudes…..
Putnam Cuts 12 Money Managers as Assets Sink 39% – Mutual funds continue to struggle
GM and Ford market value no longer world class – China's...
Back in July, I raised the idea that the financial market meltdown will eventually bring with it a particularly ugly scenario for the state of New York. (See: The Big Apple is Rotten) Over the past few months, Governor David Paterson has been voicing his concern over potential budget shortfalls...
Guests: Eric Savitz, Barron’s and Howard Silverblatt, Standard & Poor’s both have a look at the earnings and outlook for the next few months. We discuss the opportunities along with the areas to avoid. Now is the time to set some expectations for 2009. There will be many more layoffs...
