Posted By Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Thursday, October 23rd
WALL STREET JOURNAL: Goldman Sachs Group (GS) is about to cut 10% of its 32,500 employees, the Wall Street Journal reported, as the credit crisis continues to take its toll on Goldman, and as the wave of downsizing affects Wall Street…The Wall Street Journal also […]
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The market opened down and continued lower all day. The Dow was down almost 700 points intraday. Weakness was across the board. Gold and related stocks were hit hard: GLD -5.68%; AEM -25.18%; ABX -14.64%; FCX -17.78%; GDX -15.53%. Oil services were weak also: DO -15.18%, RIG […]
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Going to Hell in a handbasket?
A strong move to the downside with the markets undercutting some significant support…again. Horrible breadth today as the market started weak and just puked up any bull that was left in the neighborhood. Volatility kicked up again as rumors continue to […]
Posted by Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Wednesday, October 22nd
WALL STREET JOURNAL: Biotech stocks have rebounded better than the overall market, the Wall Street Journal reported. As companies report earnings, “in terms of core business and demand for drugs…these businesses aren’t feeling the effects of the global economy,” S&P’s Steven Silver said. And […]
Posted by Optiondragon for myhappytrading.com
From briefing.com
Periodicals Wrap-Up for Tuesday, October 21st
WALL STREET JOURNAL: If banks use the government’s $250B rescue plan as a means to make acquisitions it would not boost the economy as would new bank lending–the plans intent–according to the Wall Street Journal. John Allison, CEO of BB&T Corp. (BBT), for one, says, […]
Posted By Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Monday, October 20th
WALL STREET JOURNAL: Yahoo (YHOO) has planned a number of internal cost cutting measures of about 15% that are expected to be announced tomorrow when it reports its quarterly earnings, according to the Wall Street Journal. The number of jobs to be eliminated are expected […]
Posted By optiondragon for myhappytrading.com
From Breifing.com
Periodicals Wrap-Up for Friday, October 17th
WALL STREET JOURNAL: The Wall Street Journal reported that General Motors (GM) and Chrysler are stepping up merger talks and are strongly supported by potential leaders looking to see a deal done. People familiar with the matter said a deal could be completed as […]
Posted By Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Thursday, October 16th
WALL STREET JOURNAL: Citadel Investment Group’s returns have fallen nearly 30% this year and rumors suggests that it’s in far worse shape. Yesterday the firm sought to dispel that, the Wall Street Journal reported, telling clients its borrowing lines haven’t been cut and terms of […]
Posted By Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Wednesday, October 15th
WALL STREET JOURNAL: The Wall Street Journal reported that banks will not emerge unscarred when JP Morgan (JPM), Wells Fargo (WFC) and Citigroup (C) report earnings this week, despite low expectations. While they are cheap on average and their size and government backing will make […]
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From Briefing.com
Periodicals Wrap-Up for Tuesday, October 14th
WALL STREET JOURNAL: The Wall Street Journal reported that the U.S. government is expected to buy preferred equity stakes in Goldman Sachs (GS), JP Morgan (JPM), Morgan Stanley (MS), Bank of America (BAC), Citigroup (C), Bank of New […]
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