Financial Stocks Don't Believe Bernanke: Here Is Why
This morning, many of the large financial stocks are declining from the highs at the start of the trading day. Leading financial giants such as Goldman Sachs Group Inc (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), and Citigroup Inc (NYSE:C) have given back the bulk of their gains from the opening bell. ...
Large Financial Stocks Hot: Too Big To Fail Now Even Bigger
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.