How big is the $700 billion financial bailout package for the markets? Big enough that a change in perception as to whether it will pass can overshadow a cut in outlook from industrial and financial powerhouse General Electric.
Initially down after GE slashed its quarterly and full-year forecast, Dow Jones futures turned higher in later pre-market […]
Posted on September 28th, 2008 by
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After a couple weeks of just trying to keep up with developments in the financial crisis, reporters and bloggers are taking halting steps toward describing the mythos of the investment banker.
It’s been a while since Tom Wolfe and Bret Easton Ellis popularized the bespoke-suited arrogance commonly associated with the financial world’s anointed — the easy […]
Posted on September 28th, 2008 by
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Having been laden with the acronym TARP, the Treasury’s Troubled Asset Relief Program sounds like a pretty flimsy rescue operation. Perhaps not since the Committee to Re-Elect the President presaged Richard Nixon’s fall from the presidency have we seen a less confidence-inspiring acronym. A tarp, short for Tarpaulin, is defined by dictionary.com as “a protective […]
Posted on September 28th, 2008 by
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There’s nothing like a belle to bring a festive mood to an otherwise gloomy ball, and today that honor belongs to Goldman Sachs, which has drawn attention - and money - from none other than Warren Buffett.
Stock futures are pointing up on news of the uber-investor’s plan to purchase a $5 billion stake in the […]
Posted on September 28th, 2008 by
Filed under: options news, stock news | No Comments »
After a couple weeks of just trying to keep up with developments in the financial crisis, reporters and bloggers are taking halting steps toward describing the mythos of the investment banker.
It’s been a while since Tom Wolfe and Bret Easton Ellis popularized the bespoke-suited arrogance commonly associated with the financial world’s anointed — the easy […]
Posted on September 28th, 2008 by
Filed under: options news, stock news | No Comments »
Having been laden with the acronym TARP, the Treasury’s Troubled Asset Relief Program sounds like a pretty flimsy rescue operation. Perhaps not since the Committee to Re-Elect the President presaged Richard Nixon’s fall from the presidency have we seen a less confidence-inspiring acronym. A tarp, short for Tarpaulin, is defined by dictionary.com as “a protective […]
Posted on September 28th, 2008 by
Filed under: options news, stock news | No Comments »
There’s nothing like a belle to bring a festive mood to an otherwise gloomy ball, and today that honor belongs to Goldman Sachs, which has drawn attention - and money - from none other than Warren Buffett.
Stock futures are pointing up on news of the uber-investor’s plan to purchase a $5 billion stake in the […]
Posted on September 28th, 2008 by
Filed under: options news, stock news | No Comments »
