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Market Mentality: Federal Reserve and government will always backstop the big financial players, buy like there is no tomorrow.


Will Bernanke Play Santa Again

Posted by inthemoneystocks on December 11th, 2012

This morning, the major stock indexes are all trading sharply higher to start of the trading day. On the surface, everything looks wonderful in the stock market. The highly followed Dow Jones Industrial Average is trading higher today by 86.00 points in the first thirty minutes of the session. Many traders and investors seem to be betting on another inflationary push by Ben Bernanke, who will be announcing his latest policy statement tomorrow. 

This morning, the financial stocks are leading the major stock indexes higher. Many traders and investors are buying financial stocks on the anticipation that the European Central Bank (ECB) will cap rising debt yields. The problem with the financial stocks now is that the bulk of that news has already been factored in by the market. You see, someone always knows something before it happens.   ...

Citigroup, Inc. (NYSE:C) will present at the 2012 Credit Suisse Financial Services Forum on Wednesday, February 8, 2012. The presentation is expected to begin at approximately 12:30 PM (EST). A live webcast of the presentation will be available at www.citigroup.com/citi/fin. Presentation materials will be available for download 30 minutes prior to the event.

Sterling Construction Company Inc. (Nasdaq:STRL) reported that Ralph L. Wadsworth in conjunction with J. Banicki Construction Incorporated, its recently acquired Arizona-based subsidiary, was apparent low bidder on the $71 million Gateway Freeway State Route 24 project in Mesa, Arizona.

Strange Volume of Citigroup Inc - NYSE:C

Posted by tom on December 10th, 2011

Citigroup Inc.(NYSE:C ) witnessed volume of 59.37 million shares during last trade however it holds an average trading capacity of 55.81 million shares. C last trade opened at $28.19 reached intraday low of $27.95 and went +3.68% up to close at $28.77.

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Orofino Gold Corp. (ORFG.PK) is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.

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