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Answer 12312

Posted by Guru on July 5th, 2009

U.S. markets are usually open 9:30am-4:00pm Eastern time, except on holidays.

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Rosetta Stone, an Arlington-based language instruction company, plans to file an initial public offering this month, according to a filing with the Securities and Exchange Commission. It would be the first venture-capital-based IPO in six months.

The firm could raise as much as $106.3 million under its plan to offer 6,250,000 shares of common stock priced between $15 and $17 per share.

The Real Great Depression

Posted by Guru on October 8th, 2008

I couldn't paraphrase this, so the copy is below. All credit to SCOTT REYNOLDS NELSON.

Wachovia board forces out CEO Ken Thompson

Posted by Guru on June 2nd, 2008

Another big CEO is forced out during the housing crunch and lowered earnings. Wachovia chief executive Ken Thompson was pushed out Monday as head of the nation's fourth-largest bank, following Stanley O'Neal at Merrill Lynch & Co. and Charles Prince at Citigroup Inc.

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Federal Reserve Vice Chairman Kohn made the most explicit comment that we have heard from a central bank official to date about pausing in June. He said that the “economy, markets should gradually improve” and “monetary policy appears to be appropriately calibrated for now to promote both rising employment and moderating inflation over the medium term.”

I just read an interesting post by Jennifer Yousfi of MoneyMorning.com on how we can find a little protection in these turbulent markets, Conglomerates.

Excerpt from Raymond James strategist Jeffrey Saut's latest essay:

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