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More Trouble Ahead For Financials
Bank of America said its provisions against loan losses would come to $3.3 billion in the fourth quarter amid deterioration in consumer real estate and small business loans. Bank of America’s capital ratios continue to decline, and the bank may not resume stock buybacks until 2009. Wachovia, the fifth-largest U.S. bank by market value, said [...]
Why The Dow Kept Going Up ?
Posted by Stock Online Trader on May 11, 2007 in Basic Material Sector, Economy, Emerging Markets, Energy Sector, Fundamental Analysis, Index
Dow Jones finally fell nearly 150 points. The reason for the fall was blamed at higher oil prices, weak economic indicators and lackluster retail sales. A variety of gold, silver, steel and oil stocks slumped. Home builders, health care and a variety of tech stocks sank too. However before this fall, stocks have gained over [...]