For those that have never heard of Sam and Charles Wyly, well here’s all you really need to know. They are huge donors to conservative candidates and causes and were some of the major funding for the Swiftboat Vets. Well and this – now they are accused of over $550 million in insider trading by […]
Yesterday BP saw a huge decline in it’s value as their stocks lost 15% of their value: As BP hacked away at a pipe gushing oil at the bottom of the Gulf of Mexico, investors sawed off 15 percent, or $21.1 billion, of the company’s market value Tuesday. Some are pointing to the announcement by […]
People can keep saying that this isn’t a hand out to insurance companies, but the simple fact that their stocks are sky rocketing tells a totally different story. In this case I will go with the opinion of Wall Street.
It’s much better than the apology by the so called editor of the NY Post, but I really think it may be too little to late. Of course it also comes the day after Murdoch’s company saw their stocks drop 4%. Interesting timing there.
Citigoup’s stock closed at $4.71 today, down 26.39%. That pushes them below the $5 threshold, which is generally a big trigger for massive selling: Most institutional investors and pension funds are barred from owning stocks below $5. So if Citigroup’s stock remains below that level, it could trigger a wave of selling that would send […]
He got the bailout to pass! Sen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition – hours before the vote failed and stocks tanked. The rush to claim he had engineered a victory now looks like a strategic blunder that will prolong the McCain’s campaign’s difficulty in finding […]
Ouch: Shares of General Motors Corp. plunged Wednesday to their lowest level since September 1954, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company’s cash needs. George Bush’s legacy continues.
Stock options seem to be the big “benefit” when companies hire people. They entice prospective employees with options to buy their stocks at reduced rates, or matching what they buy. But what happens if the company gets sold for a ridiculously discounted rate? More so than other firms on Wall Street, Bear had encouraged its […]
With the news of global markets sinking today, expect our stock market to go down when it re-opens from the holiday tomorrow: If futures contracts traded on a day when U.S. stocks weren’t even due to open are anything near accurate, then markets will be in for a major decline on Tuesday, with concerns about […]