Google Hit Hard in Sell Off
October 10, 2008 by admin · Leave a Comment
Google is trading at 316. (12:15 PST – 10/10/08)
The once darling of the internet and Wall Street is not immune to the wild sell off we are witnessing on Wall Street. Just 11 months ago Google was trading at $741 a share. That is a loss of $425 in 11 months.
GM Shares fall to a 58 year Low
October 9, 2008 by admin · Leave a Comment
(Looks like a nose dive.)
GM was just featured last week on 60 Minutes for their Green car initiatives. Four days later GM Shares fall to a 58 year low. They could not escape today’s historic sell off on the Dow. It was down over 675 points.
Eighth Straight Month of Decline
November 28, 2007 by admin · Leave a Comment
Is Lawrence Yun, chief economist for the Realtors serious? Read this quote.
Yun said he believed the drop in sales, which left activity in October 20.7 percent below the level of a year ago, was nearing its end. He said a greater willingness of lenders to start offering jumbo loans again and the use of Federal Housing Administration-insured loans in place of subprime mortgages will help generate a rebound. Read the full story here.
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Iran Calls the Dollar Worthless
November 18, 2007 by admin · Leave a Comment
Lead by Iran, the OPEC cartel has expressed interest in converting their cash reserves into currencies, other than the U.S. dollar. Iran’s President calls the U.S. dollar a worthless piece of paper.
The Euro could be the choice currency if we keep seeing the dollar in a free fall.
Black Christmas
November 15, 2007 by admin · Leave a Comment
JC Penny cuts it’s forecast for the fourth quarter. This announcement comes on the heal of a 9% drop in profit during the third quarter.
This is an ominous sign for the retail sector. You can bet the retailers will focus on discounts this season to limit loss. With sky high gas prices, housing bust, and over all credit issues, this might be one of the worst holiday seasons in decades.
