November 19, 2010 *****The Market Feels Heavy *****Silver Eagle *****The Fed Fires Back Fellow Investor, The good vibes from the GM IPO and the bailout potential for Ireland took the S&P 500 back above support/resistance at 1,192. We'll see how long the good vibes last. Despite yesterday's...
Filed under: Filed under: Ian Wyatt, bailout, bank bailout, S&P 500, Federal Reserve, Fed, China, Bank of America, GM, Bernanke, General Motors, TARP, dollar, currency, silver, mining stock, PIMCO, IPO, silver price
AIG (NYSE:AIG) agreed to convert preferred shares given to the U.S. Treasury in exchange for bailout money into common stock that can be sold on the open market. The Treasury owns $49 billion in AIG preferred stock. The exchange will leave the Treasury with 1.66 billion shares of AIG common stock. For...
Your Daily Profit May 15, 2009 *****Government Intervention *****Sliding Into Socialism? *****Rising Gas Prices You know over the course of the past few months I’ve not held Wall Street or the banking executives in high regard. I hold them almost—that’s almost—singularly accountable...
Filed under: Filed under: Ian Wyatt, recovery, bank nationalization, taxpayer, Chavez, Venezuela, SmallCapInvestor PRO, GHM, China, USO, unemployment, WMT, XOM, Bank of America, BAC, retail sales, General Motors, Chrysler, Ken Lewis