What Happened In The Market Today…28 Jan 09
What’s Happening In The Market Now…… Stocks jumped up at the open this morning. Investors appear to be looking to the massive government spending to jolt the economy out of a yearlong recession that is the most severe in decades. Investors think the Federal Reserve is all but certain to leave its federal funds rate [...]
FDIC May Run “Bad Bank”
Bloomberg has an article on: FDIC may run Bad Banks The Federal Deposit Insurance Corp. may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back of the credit crisis. U.S. stocks gained, extending a global rally, on optimism the bad-bank plan will help [...]
Are Stocks Undervalued Right Now ?
In 2008, the U.S. stock market went from gangbusters to just plain busted: The world’s most watched equity index, the Dow Jones Industrial Average, plummeted 30%, while the S&P 500 plunged 45% to an 11-year low. All in all, it was the most severe annual loss for both indexes since the Great Depression. Does it [...]