As the recent market rally continues, more and more analysts are calling the bottom (including, most notably, Jim Cramer). Our guest today thinks they’re hallucinating.Barry Ritholtz, CEO of Fusion IQ and editor of The Big Picture, thinks this is just the
Sphere: Related Content
Posted on August 12th, 2008 by
Filed under: stock news | No Comments »
From ClusterStock, August 12, 2008:Financial stocks are nowhere close to a bottom. Net charge-offs and
non-performing loans are still growing. Banks will have to raise more
capital to plug balance sheet holes, further diluting current
shareholders. Etc
Sphere: Related Content
Posted on August 12th, 2008 by
Filed under: stock news | No Comments »
August is traditionally a quiet month for M&A, as bankers head out to the Hamptons or further afield. This year could prove especially quiet as people make the most of the slow dealflow — particularly on the private equity side — to take longer than usual breaks.
But even as Wall Street slows down for the […]
Posted on August 12th, 2008 by
Filed under: options news, stock news | No Comments »
Jay Sidhu is back.
The former chief of Sovereign Bancorp has a tentative deal to invest $30 million in Federal Trust Corp and take control of the small Florida-based savings and loan. Federal Trust Bank operates 11 full-service offices and had total assets of $639.8 million as of June 30.
About two decades ago, Sidhu started down […]
Posted on August 12th, 2008 by
Filed under: options news, stock news | No Comments »
The latest in ten-digit red ink has landed, this time from JPMorgan, which said in a regulatory filing late on Monday that it had lost about $1.5 billion since July. It cited the usual culprits: turmoil in the credit and mortgage markets and wider credit spreads and lower levels of liquidity. JPMorgan’s shares were down […]
Posted on August 12th, 2008 by
Filed under: options news, stock news | No Comments »
That’s what Citibank analyst Mark Mahaney said on Friday. I couldn’t let ex-Google exec and stockholder Chris Sacca leave the studio without getting his thoughts. As someone still very close to the company, he freely admits to a pro-Google bias. …
Sphere: Related Content
Posted on August 12th, 2008 by
Filed under: stock news | No Comments »
As consumers start to understand the ramifications of ISPs monkeying with their Web access, a blog-driven grassroots movement has turned Net Neutrality into a populist issue. Most major democratic Senate candidates have come out in support, and Barac
Sphere: Related Content
Posted on August 12th, 2008 by
Filed under: stock news | No Comments »
Whether you watch “The Daily Show” or just read TechCrunch you’ve probably heard the phrase “Net Neutrality” bandied about over the last few months. The wonky term refers to the movement of big tech companies, like Google, and small te
Sphere: Related Content
Posted on August 12th, 2008 by
Filed under: stock news | No Comments »
