by Dantanner Facebooks much hyped and marketed IPO debuted on the big screen at 38 dollars a share and immediately ran up to 45 and tanked. I was waken up at 5 AM by friends excited about investing in Facebook. They were watching Times Square neon signs on TV where crowds have gathered in anticipation. [...]
The dog that didn’t bark this week, let alone bite, was the President’s response to JP Morgan Chase’s bombshell admission of losing more than $2 billion in risky derivative trades that should never have been made. “JP Morgan is one of the best-managed banks there is. Jamie Dimon, the head of it, is one of [...]
The stock market is in a severe downtrend at the moment. A flagging economy and a horrific job report did wonders to the already fragile set up. How deep and penetrating this may lead only stock pundits and fortune tellers can tell you. Technical analysis only shows where you have been and what you can [...]
The post originally appeared on Robert Reich’s blog J.P. Morgan Chase & Co., the nation’s largest bank, whose chief executive, Jamie Dimon, has lead Wall Street’s war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face an additional $1 billion of losses, due to [...]
The Dow Jones Industrial Average hit 13,338 Tuesday, its highest since December, 2007. The S&P 500 added 16 points. Wall Street will remember May 1 as a great day. But most of these gains are going to the richest 10 percent of Americans who own 90 percent of the shares traded on Wall Street. And [...]
Student loans are definitely a big time issue from the day it has been launched. First of all, it brightens the controversial issue that says “education is for all”. Yes, education has turned expensive and thus students coming from the not-so-rich background are facing difficulties whenever it comes to pursuing higher education in life. In [...]
We always wish to get our money’s best value whether we are shopping for car insurance or buying clothing. What’s the secret for finding an affordable and reliable car insurance? For getting the best deal, shop around. Before buying or renewing policy, get several quotes from insurance companies. You have a chance of getting a [...]
Now that the housing market is sinking, you might have asked yourself if today indeed is the perfect time to buy Homes in Baltimore Maryland. If yes, would a foreclosure a good option? Before anyone sinks their cash into an investment, it is best to know first the ins and outs of the said [...]
by Elizabeth Goldman Recent performance data may dictate whether you invest in silver or gold. Certain investors, depending on their overall strategy, feel strongly that one metal makes a significantly better investment than the other. However, even though the markets change constantly, there is still solid evidence to indicate that both metals can be [...]
President Obama’s electoral strategy can best be summed up as: “We’re on the right track, my economic policies are working, we still have a long way to go but stick with me and you’ll be fine.” That’s not good enough. This recovery is too anemic, and the chance of an economic stall between now and [...]
There will be times when the money you set aside at the start of the month vanishes. As social people, we end up spending a lot more money than we actually need to do so. This can put us in a financial crisis. However, regardless of the amount of money we use, there is always [...]