Despite scary headlines about the Dow being under 10,000, many traders believe Monday’s low just above 9,500 represented at least a tradable bottom for stocks.Jeff Matthews, general partner at Ram Partners and a
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While the credit meltdown has many of the bankers who have been able to hang on to their jobs twiddling their thumbs lately, nothing could be further from the truth for equity capital markets desks at major banks.
Those desks are tasked with moving tens of billions of dollars in equity as struggling financial institutions try to bolster […]
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From ClusterStock.com, Oct. 7, 2008:Triple-A rated GE has long been considered as safe an investment as you can get–as safe as, say, houses. But last week’s emergency financing, which destroyed tens of billions of dollars of GE shareholder value, caused
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(Adds Cramer’s next day comments)
As global markets were routed amid quantitative signs of investor panic, there were more than a few strange sights on Monday. But perhaps none stranger or more sobering than CNBC’s famously bullish analyst Jim “Mad Money” Cramer interrupting middle America’s morning coffee with a warning to sell its stocks. Right. Now.
“Whatever […]
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Two of the most storied investors in modern finance are squaring off as the market gyrates.On the one hand, legendary investor Warren Buffett has invested billions recently with investments in GE, Goldman Sachs and Constellation Energy, among others.On th
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It’s already on a geological fault line — now the economy of Iceland risks being torn apart by the banking crisis.
But the saga of the North Atlantic island of Iceland does not stop at its own rocky shores.
Riding a wave of cheap borrowing, Icelandic investors spread their interests far and wide, taking stakes in companies as diverse […]
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