Stocks are set to give back recent gains after economic reports showed slower than expected economic growth during the second quarter as well as a surprise jump in jobless claims last week.
It’s not even lunchtime, and your portfolio is already down a whopping 5,000,000%. In order to prevent your emotion from taking over, read on these witty stories, pithy jokes, and even a wrenching story or two.
Northern Rock (PINK:NHRKF) in Britain, Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) in the US, Aerolineas Argentinas in Argentina. Governments across the world are nationalizing - at least implicitly - struggling private enterprises.
Partners (SGLP) was trading for around $22 a share. SGLP provides terminalling, storage, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil. So what happend to SGLP and why is it now trading for less than $8 a share?
Have you read about this news where a 53-year-old lady shot herself dead soon after faxing a letter to her mortgage company? The suicide note said that by the time of foreclosure on her house, she would be dead. It is very sad for the family to experience such a tragedy but what is the underlying message to the US government?
Bill Bonner says that, although we look at the likes of Zimbabwe with incredulity in the US, we are heading down a similar route with the nationalization of mortgage giants Fannie Mae (FNM) and Freddy Mac (FRE). So much for the biggest ‘free market’ in the world…
The housing plan - which now includes provisions to bail out Fannie and Freddie - is now likely to become law within days. The problem is the bill is “a major-league privacy threat,” according to Dave Gonigam in Desidooru Saloon. Of course, the mainstream media hasn’t given this angle of the story much coverage…
Full marks for eBay entrepreneurs for stepping in where forex traders have lost count of the zeros being added to the Zim dollar every few days. How about paying US$83 for the new Z$100 billion bank note! Although the novelty value of the Zim note is surging, the sad truth is that the note is not worth enough to buy a loaf of bread.
I previously wrote about my dividend growth philosophy. This is my investing plan that I employ through good times and bad, no matter what the market throws at me. One factor in the last point within my investment philosophy, and a factor that I consider crucial when selecting and analyzing investments, is brands.
It's going to be a tough day for the bulls tomorrow. Stocks will open down in most sectors tomorrow morning. The top news is that although AAPL, Apple Computer announced their earnings increased 31% but their cautious forecast is what investors were focusing on. The stock was down about 20 points after the regular market hours closed.
