Investing your money and keeping it safe and sound is crucial, especially during a recession. Money Morning’s Mike Cagesso shows you a few DRIP companies to keep your eye on.
Income investing is a good idea in today’s hostile markets. But Louis Basenese says General Electric’s (NYSE:GE) high dividend doesn’t compensate for the company’s current problems. Louis recommends TEPPCO Partners (NYSE:TPP), a master limited partnership with a solid revenue stream and ample liquidity.
Dow Chemical, Kuwait deal collapses… Nasdaq dragged by large-cap tech companies… Oil rises above $38 per barrel on Middle East tensions… Dow off 1.6 pct, S&P off 1.6 pct, Nasdaq off 2.3 pct
A little over a week ago, Rick Pendergraft pointed out the eerie similarities between the stock market in 1974 and today. It is quite startling when you realize how much the two have in common. Even the declines in the Dow are within a single percentage point of each other.
Well we have made it to the end of another year, and this one has been quite a ride. This is the last full trading week of the year, so barring a huge rally, the Dow, NASDAQ, and S&P will all end the year with losses north of 30 percent.
ur “Obama Rally” forecast… will things “get worse before they get better” or vice versa?… Print in the doghouse… Tribune Co., New York Times and McClatchy looking desperate… Still no bottom in sight for housing… foreclosure, refi and pending home sales data all down… Anecdotal evidence of tough times to come… Wiggin house, office burglarized… Chris Mayer with a sector sell-off that’s gone too far
Both gold and silver both began a slow rise at the opening in Far East trading early Monday morning. The rally in gold was capped just before London opened…and the price declined just as slowly until shortly before the Comex open. Then a spirited rally began which got smacked the moment the price got over $780…and that was it for the day, as all subsequent rally attempts were capped.
Tribune Files for Bankruptcy; Dow Cuts 5,000 Jobs; Pay Cut for Morgan Stanley Execs; Sen. Reid Scolds Thain’s Bonus Request; AB InBev to Cut 1,400 U.S. Jobs; China Offers Petrobas $10 Billion Loan; McDonald’s November Sales Soar
Nations do not purchase their prosperity, says Eric Fry. Since this crisis started last year, the government has thrown around $8 trillion at the problem. But these are banknotes that it has manufactured for itself. And that’s why we may soon face a severe threat from inflation.
The Dow dropped another 338 points on Friday. How much more of this can investors take? Berkshire Hathaway fell below $100,000. And GM appeared to be heading for the junkyard.