That’s right.  Not only is the name of the index S&P 500 (SPX) known as Standard & Poor’s but that is the best way to describe the condition of the index right now.  Why say something like that about the broader based index?  Take a look at how the long term chart looks and tell [...]

Recapping the highlights of the previous week:

Citigroup (NYSE: C) to cut 50,000 jobs. It has begun…
Citigroup is considering some of its assets or the whole company itself.  Wait a minute!  First they were just going to cut jobs…
Jerry Yang out as Yahoo CEO. I can hear the stockholders [...]

Recapping the highlights of the previous week:

American Express (NYSE: AXP) gets the Fed’s approval to form a bank-holding company. Never leave home without it…

Starbucks (Nasdaq: SBUX) reports disappointing quarterly profit. That’s for your expensive coffee!

Best [...]

Recapping the highlights of the previous week:

The elections have finally come and gone and the US president is Barack Obama. I guess I’ll see more of McCain & Palin on Saturday Night Live.
Molson Coors (NYSE: TAP) profit jumps. Probably a [...]

Recapping the highlights of the previous week:
· The Fed cuts interest rates by 50 basis points. The market is still sagging despite the rate cut. Looks like Bernanke’s magic fizzled out.
· Another analyst suggests that Yahoo (Nasdaq: YHOO) can still merge with Microsoft (Nasdaq: MSFT). Isn’t this like a case of déjà vu?
· General Motors [...]

Recapping the highlights of the previous week:

Treasury Secretary Henry Paulson said that banks receiving investments from the government are expected to loan the money out to spur liquidity. He said just do it! Do I hear copyright infringement?
Big job cuts [...]

Recapping the highlights of the previous week:

Top executives at American International Group Inc (NYSE: AIG) knew of potential problems in credit default swaps, long before questions about the risky transactions caused its stock to plunge. Oh no! Caught red-handed!
Cisco Systems (Nasdaq: CSCO) won’t cutback despite [...]

In an unexpected move, the DJIA rose by 936 points last night to follow the global rally yesterday. The index increased by 11% as the Federal Reserve said central banks would offer banks unlimited amounts. This is the Dow’s 5th biggest rally in terms of percentage.
The noticeable thing about yesterday’s big rally was that the [...]

 
 
A lot of smart people have tried to call the bottom on Wall Street this year. So far, they have all been wrong. Since Dow Jones rallied from 11,500 to 13,000 last May after falling off its’ all time high of 14,000, the market has gone south and registered a series of lows, each low [...]

Recapping the highlights of the previous week:

The DJIA breaks the psychological supports of 10,000, 9000 & 8000 within one week. So some Americans still don’t believe they’re in recession?
Ebay (Nasdaq: EBAY) will cut jobs to save on costs. Would those [...]