Citigroup stock traded in the $40s in October 2007, before its mortgage misdeeds drove the price down to a low of 97 cents in March 2009. Yesterday's 10-for-1 reverse stock split has put the share price back in the $40s, but that doesn't change the fact that Citi's value was dramatically...
The correction we’ve been monitoring certainly picked up some steam on Friday. The rioting in Egypt gave investors an easy excuse to drive stocks sharply lower. And there should be no surprise that tech stocks and the Nasdaq bore the brunt of the selling. Tech stocks were strong momentum trades...
Your Daily Profit December 17, 2009 *****Removing All Doubt *****Financial Alchemy *****Oil and the U.S. dollar Fellow Investor, Toward the end of his tenure, some started to wonder if former Fed Chief Alan Greenspan was a fool (after all, he left rates too low for too long and never came to grips with...
Normal 0 MicrosoftInternetExplorer4 Your Daily Profit October 2, 2009 *****Third Quarter Starts with Whimper *****Oil Steady Fellow Investor, I bet we can all think of a better way to kick off the 4 th quarter than a big 200 point drop for the Dow Industrials. We’ve all heard the bears declare...
Normal 0 MicrosoftInternetExplorer4 Your Daily Profit September 10, 2009 ***** Oil , China and Cash for Clunker Stocks *****A Solid Stock *****My Book! Fellow Investor, As if right on cue, the International Energy Agency (IEA) raised its forecast for oil demand again yesterday. “Oil demand in U...
Your Daily Profit April 22, 2009 *****The Quiet Coup *****Newsletter Advisors Fellow investor, Toxic Asset Profits In Act 1 of the Recession, AIG "whiz kid" Joseph Cassano killed the US economy with risky, hyper leveraged investments, while pocketing hundreds of millions for himself. Now the...