Reading Time: < 1 minute This is the T. Rowe Price TV commercial I saw today.
Reading Time: < 1 minute (Update 2: March 11) Cramer shot back, Stewart responds. The Daily Show With Jon StewartM – Th 11p / 10c In Cramer We Trust Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorEconomic Crisis (Update) Correct the name (from Steward to Stewart).
Reading Time: 2 minutes We know CEOs of some of the nation’s largest banks are buying their companies’ stocks, to show their confidence on their respective company. It’s also interesting to see some of the leading banks are putting up a lot Ads on Wall Street Journal. I took some pictures here from WSJ in these days and share
Reading Time: 2 minutes Week in review 030109 to 030709 We are officially in Obama bear market (source: Bloomberg), in other words, the stock market (i.e., Dow industrial for most people) dropped 20% since President Obama took office in Jan 20. Yesterday S&P 500 briefly touched 666 (the number of devil), pretty scary, huh? I am sure this economy/financial
Reading Time: 2 minutes This is the second part of my thoughts on bank nationalization, I hope President Obama and his finance team can read my blog, as they are thinking through the “bank rescue”, the No. 1 issue facing this country, and the world economy for that matter. As I said in my previous post, bank nationalization appears
Reading Time: < 1 minute March 04 1999 to Mar 02 2009, courtesy of Google Finance. Two thoughts pop up by looking at the charts: 1) We probably have not hit bottom yet; 2) The drop in mid 2008 till now is so sharp, 50% in one year 🙁 BTW, I think it’s a good idea to stay away from
Reading Time: < 1 minute (Update Mar07, 2009) I found a good example on performance comparison of regular ETF vs. leveraged ETF. In the past year, the finanicals ETF XLF lost about 75%, while the ultra financial proshares UYG (2 times bull) lost 95%. You can use google finance to draw the comparison. MorningStar link here.
Reading Time: < 1 minute I remember years ago (in dot com era) there is a book named Dow 36,000. Obviously that predication was a laughing stock becaue Dow crashed in year 2000. No I am not trying to make a fool of myself, my title Dow 5,000 is merely to reflect today the Dow and S&P dropped to 12
Reading Time: < 1 minute What is nationalization This is my understanding. Usually a company has 3 types of capital: debt, preferred stock, common stock. In terms of ownership the equity holders (common stock holders) own the company. We say they borrow from the debt holders: in return they pay interest and principle to the debt holders down the road.
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