All Posts Tagged With: "WB"
Ride Out a Bear Market… and Come Out Richer in the End
Right now, stocks look uglier than the Wicked Witch of the West having a Bad Hat Day. So what do you do if you’re convinced we’re in a bear market…and stocks may be at today’s levels two to three years from now?
Expect Only a Dead-Cat Bounce From Financials
Make no mistake, the boom in finance is over, says Bill Bonner in The Daily Reckoning.
Sure, some banks may bounce back, but they won’t again reach the dizzy profits of the last five years for a long time. During this period banks made billions in profits and bonuses by lending money to people who couldn’t pay it back. Now they are looking to the taxpayer for handouts to cover these bad loans.
So how come nobody on Wall Street has offered to pay back their bonuses?
Second Quarter GDP Release Set to Confirm or Deny U.S. Recessionary Fears
A hectic week on the economic calendar is highlighted by the initial look at second quarter gross domestic product (GDP). Remember, a recession is defined as two consecutive quarters of negative growth, so doomsayers have targeted this week’s release as confirmation of their pessimism.
Earnings and Mr. Bear
Earnings and Mr. Bear. Earnings Before Bad Stuff. How Ugly Can it Get? A Lean Mean Reversion Machine. Some Thoughts on Energy. Oregon, Maine and a Wedding.
UBS Sued for Securities Fraud
New York State Attorney General Andrew Cuomo has brought a multi-billion lawsuit against UBS AG (UBS), accusing the Swiss banking giant of pushing billions of dollars in auction-rate securities onto ordinary investors as the market collapsed earlier this year.
This Is Not the Bottom for Financial Stocks
Yesterday, the wind come out of Wall Street’s sails.
After gaining nearly 670 points in little over a week, the Dow slumped more than 280 points. Financial stocks made up five of the six biggest decliners. Citigroup (C) dropped nearly 10 percent. American International Group (AIG), Bank of America (BAC), American Express (AXP) and JPMorgan Chase (JPM) all fell more than 6 percent.
This comes as little surprise to Taipan Daily editor Justice Litle. He says the latest rally in financial had no substance - except another shorting opportunity when the time is right. Wachovia (WB) is a case in point, says Justice…
Clean Tech Is the Answer to the Global Oil Crunch
Dan Denning in The Daily Reckoning Australia says the world is facing a global oil crunch. And new ’solutions’ like Canada’s tar sands and Colorado’s shale oil are actually hugely wasteful of energy. We need an real advance in solar technology, says Dan…
Global Investing Roundups Wednesday, July 23rd, 2008
Wachovia Cuts Dividend and Jobs; Caterpillar Builds a Global Business; Home Prices Collapse; UPS Delivers More Revenue, Less Profit; Fed Directors Split; Oil Hits Six-Week Low; UAL Stock Soars; Two For, One Against Satellite Radio Deal
Whitney Slashes Wachovia Rating on ‘Bleak’ Shareholder Prospects Highlighting Ongoing Banking Crisis
Global Investing Roundups Friday, July 11th, 2008
Retailers Report 4.3% Bump in Sales; Toyota Changes Direction; Whirlpool Closes Two Factories; Brazil and Vietnam Come Together; GE Spin-Off; New Wachovia CEO; IAM Wants Fair Bidding; Oil Jumps Over $5 on Political Tension
Latest News
- FDIC Braces for More Bank Failures, Expands Offices4:32pm CDT
- Global Investing Roundups Thursday, August 28th, 20083:16pm CDT
- Dow’s (DJI) Earnings Slump Will Lead to More Inflationary Policies3:10pm CDT
- Chrysler Considers Sale of Gas-Guzzling Viper1:10pm CDT
- Look Deeper Into Housing Numbers And You Will See A Different Picture1:04pm CDT
- Bank Failures Could Mean 79% Gains on XLF December 20 Puts9:32am CDT
- Vangard Wellington (VLEX) Is a Great Bear Market Play7:29am CDT
- Why AIG (AIG) Is a Bargain and Ford (F) Is Not6:36am CDT
- Resource Stock Roundup Wednesday August 27, 20084:24pm CDT
- Base Metals Plummet, Weakness in Europe Suggests Recession is Spreading2:58pm CDT
- Dollar Strengthens, Weak German Data Send Euro Lower2:47pm CDT
- Crude Rises, threat of Hurricane Gustav to Gulf Facilities Drives Market2:41pm CDT
- Gold Erases Big Early Losses, Posts Small Gain2:20pm CDT
- Fed Signals Rate Hike for Next Move, But Timing Uncertain12:24pm CDT
- 2 ETFs and 4 Mining Stocks to Profit from $1,500 Gold11:34am CDT
- Byron King Says Commodities in a Short-Term Correction9:55am CDT
- Global Investing Roundups Wednesday, August 27th, 20089:53am CDT
- Buy Fannie and Freddie Debt Now at Record Yield Spreads7:09am CDT
- Real Inflation of 13.6% and Failing Euro Mean Gold Will Soar6:07am CDT