September 30, 2008 – 4:07 pm
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This morning, President Bush and various government officials promised to work together to revive the $700 billion rescue plan. This seemed to have given the markets some hope. Most sectors rallied. Dollar also jumped. Financials led the market higher: BAC +15.7%; PRU +11.2%; WFC +12.87%; JPM […]
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Posted in Nasdaq, JPM, SPX, SOHU, SINA, SNDA, EDU, CHL, LFC, CHA, PRU, WFC, BAC
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September 30, 2008 – 5:06 am
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Coldplay- Life In Technicolor
From Briefing.com
Periodicals Wrap-Up for Tuesday, September 30th
WALL STREET JOURNAL: In a reorganization of its research efforts, Pfizer (PFE) said that it will drop efforts to develop medicines for heart disease, a field that helped to keep the company near the top of the […]
September 29, 2008 – 4:40 pm
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Much anticipation was on the House of Representatives to pass the rescue plan. The $700 billion rescue plan was voted down by 228 to 205. The market took a huge dive! Big point movers include: AAPL -$22.98; GOOG -$50.04; BIDU -$29.55; CME -$$79; FSLR -$26.82; ISRG -$23.61; […]
September 29, 2008 – 5:26 am
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From Briefing.com
Periodicals Wrap-Up for Monday, September 29th
WALL STREET JOURNAL: The Wall Street Journal reported that lawmakers and the Bush administration have agreed on a deal to rescue the financial system. The $700B deal will essentially nationalize the toxic mortgages and the securities […]
September 28, 2008 – 3:08 pm
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Last weekend, in my Market Forecast, I said,“For the new week, we’ll need to see this market continue to rally. Any big drops will likely bring back fear and discourage the investors. After a 2-day, sharp rise, we’ll have to see how the market does on Monday. We could see a […]
September 26, 2008 – 5:23 am
Posted by Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Friday, September 26th
WALL STREET JOURNAL: Marking the largest failure in U.S. banking history, the Wall Street Journal reported that federal regulators struck a deal to sell the bulk of Washington Mutual’s (WM) operations to JP Morgan Chase (JPM). Under the terms of the deal, JP Morgan will […]
September 25, 2008 – 4:07 pm
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The market kept things in the positive territory all day today, with a small slide in the afternoon. Still, there was no definitive word on the “bailout” plan. Among the modest gains, some sectors stayed weak. Fertilizers were mostly down today: POT -2.86%; CF -4.15%; MON […]
September 25, 2008 – 5:07 am
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From Briefing.com
Periodicals Wrap-Up for Thursday, September 25th
WALL STREET JOURNAL: With the list of its potential buyers rapidly dwindling, Washington Mutual (WM) is talking with private equity firms about a possible takeover, the Wall Street Journal reported. Potential candidates are said to include the Carlyle Group and the […]
September 24, 2008 – 4:34 pm
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The market stayed pretty much flat, as the Congress continued to discuss with Secretary Paulson and Chairman Bernanke on the “bailout” plan. It seems many traders/investors are staying on the sideline, watching the Congressional testimony over the plan, anticipating any new developments. GS jumped $10, to $135, yesterday after the […]
September 24, 2008 – 5:25 am
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From Briefing.com
Periodicals Wrap-Up for Wednesday, September 24th
WALL STREET JOURNAL: According to senior law-enforcement officials, the Wall Street Journal reported that the FBI opened preliminary probes that focus on whether fraud helped cause some of the financial turmoil at Freddie Mac (FRE), Fannie Mae (FNM), American International […]