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Feb 24
2009 Home prices plunge record 18.5% in the past year, Case-Shiller saysFiled Under (Hot Stock Tips) by Admin on 24-02-2009
Home prices in the United States in 20 cities declined at the fastest pace ever in the past year, weighed down by foreclosures, and bank efforts to unload that housing.
Feb 24
2009 Bernard Madoff?Filed Under (Hedge Funds) by Admin on 24-02-2009Bernie Madoff did NOT run a hedge fund. He was a stockbroker “managing” customer accounts. The firm was “regulated” and fraud is already illegal. Few sophisticated investors put money with Madoff. No incentive fees, no prime broker, no proper auditor and no independent administrator. REAL due diligence ITSELF is an alpha source. PROPER diversification with many strategies and managers is MANDATORY for risk averse investors. Despite the “performance”, Bernie wasn’t a billionaire. With those “returns” on that AUM he should have been a stalwart of the Forbes 400. Why did clients not question his absence from the list? The chart below is the Madoff feeder, Fairfield Sentry, versus Gateway, GATEX, a mutual fund running the SAME strategy. Suspicious numbers in the 1990s went from bad to worse around 2001.
Feb 24
2009 US market in for more bearish pressure - heading towards 6000Filed Under (Finance Help) by Admin on 24-02-2009The US market sentiment continue to deteriorate as investors have no confidence on the new US$787 billion package which are set to bailout out companies that are facing financial difficulties. The Dow Jones industrial average (DJI) tumbled 251 points or 3.4% to its lowest close since May 7, 1997, bring stock market back to 12 years ago. It broke the major support level at 7,400 points. With this breakout on the major support level, more bearish pressure is expected in the US. Excerpt from Yahoo:
Feb 24
2009 Upto $50 OFF - Quicken Coupons & DiscountsFiled Under (Investor News) by Admin on 24-02-2009[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
Quicken is offering up to $50 in discounts on its star products - Quicken Deluxe, Quicken Premier, Quicken Home & Business, and Quicken Rental Property Manager.
Limited Time Offer: February 16 to March 8, 2009
Feb 23
2009 Wall Street’s moving to WashingtonFiled Under (Hot Stock Tips) by Admin on 23-02-2009Filed under: Goldman Sachs Group (GS)
I am not sure what motivates Wall Streeters to take those pay cuts. But today, another prominent one — Steve Rattner with whom I worked in the 2004 presidential campaign — announced he is leaving his private equity firm, Quadrangle Group, and shipping off to Washington to work as Counselor to the Secretary (of the Treasury).
Feb 23
2009 Rising expectations of independent directors amidst escalating economic uncertainties in MalaysiaFiled Under (Finance Help) by Admin on 23-02-2009The International Monetary Fund (IMF) released late last month yet another downward revision for the global economic growth for this year, predicting the lowest growth since World War II as global output and trade fell dramatically. Global growth is, however, expected to pick up next year to 3.0% but one just wonders if IMF will revise this downward over time, just like what it did to its 2009 growth estimates, from a high of 4.4% it predicted in Jan 08 to a miniscule 0.5% 12 months later.
Feb 23
2009 Will government buy more of Bank of America (BAC)?Filed Under (Hot Stock Tips) by Admin on 23-02-2009Filed under: Citigroup Inc. (C), Bank of America (BAC) There were news reports that the government might take as much as 40% of Citigroup (NYSE:C) in exchange for a massive infusion of capital. Will the same thing happen to Bank of America (NYSE:BAC) which many analysts believe has problems as bad or worse than Citi’s? In all probability, the Citi precedent would expand to one or two other large banks as the federal government attempts to cut off panics about their futures which have driven their shares to multi-year lows. Several months ago, Paulson forced several financial firms to take TARP money, even though it it possible that all of them did not need it. He wanted to send the message that the financial system was being recapitalized. In BAC’s case, the stock market is indicating that it cannot survive without a lifeline, and the new Administration may want to act on that before the weight of the company’s liabilities completely destroys confidence in the institution.
Feb 22
2009 Markets sink, unemployment soars — What do I do next?Filed Under (Hot Stock Tips) by Admin on 22-02-2009Filed under: International markets, Bad news, Recession, Financial Crisis
Feb 21
2009 Expedia misses expectations on its latest earnings tripFiled Under (Hot Stock Tips) by Admin on 21-02-2009
Feb 21
2009 Long Term prospect for gold is much higherFiled Under (Finance Help) by Admin on 21-02-2009Gold has run into resistance near the July 15th high of 989.60. The previous high plus the channel lines on the chart, may exert some downward pressure, but its highly unlikely to last for long. Although the long term prospect for gold is much higher, near term there is likely strong resistance around the March, 2008, high of 1033.90. Converging Fibonacci lines appear around 1033. 1044, so caution should be exercised and exuberant optimism avoided, in this area. |
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Once again, there’s been little change in the slump that’s plagued the U.S. housing sector and economy for more than two years.
A few weeks ago I 
If you are sitting in your office or at home thinking: “What am I going to do next? The economy is getting worse by the day,” you are not alone. For the first time in a generation real fear has gripped the nation. This was reflected in the action of the markets since the beginning of the month.