Moments ago the Dow reverses course and goes negative. Investors are continuing their sell off after Ben Bernanke announced that rates would remain unchanged through 2013. Investors have been on edge since the S&P has downgraded the US on Friday. Yesterday’s 6.66% drop was the 12 largest drop since WW2. Economy the Real Factor Many… Continue Reading
There has been a bounce today in Wall Street a day after a huge 6% sell off. Most investors are trying to grab stocks at lower valued prices, yet most investors and analysts are clear that the drop will continue over a long time since the economy’s fundamentals are weak. Some say the US has… Continue Reading
As the hours tick down to Monday’s Wall Street opening, investors are left wondering where to go when the proverbial sky seems to be falling. Since the S&P downgraded the US sovereign debt world stocks have plummeted. Middle Eastern markets tumbled as much as 7% yesterday and Asian markets fell over 3 percent. Both European… Continue Reading
The Downgrade Which Shook the World There are many investors and analysts who insist that the S&P credit downgrade will have little effect on markets. Although I would like to be drinking their economic Kool Aid I don’t have that luxury or escapist tendencies like so many others. The credit downgrade, which anyone with a… Continue Reading
In an attempt to raise the US debt limit to help “restore growth” to his country’s economy, President Barack Obama probably left feeling somewhat beaten. In an article in Reuters, it was reported that “the outcome of the debt battle dismayed Obama’s liberal base just when he needs them for 2012 fundraising and support, and… Continue Reading