Crisis
Citigroup Inc. (NYSE: C, stock), once the mightiest and largest financial institution of the United States of America and one of the components of Dow Jones Industrial Average index but now considered to be one of the most troubled U.S. banks reported its smallest quarterly loss since 2007. The bank posted a first-quarter loss to […]
... written on Apr 17 2009Wall Street was behaving as if the worst was over which saw investors snapping stocks in anticipation of a reverse to the bearish market. Everybody was trying to prove that they managed to buy at the lowest. It sure feels good if your prediction was right. After all how many can beat Warren Buffett in […]
... written on Apr 15 2009I was away taking a short break since the U.S. stock market was closed on Friday for Good Friday. In the process I’ve disconnected myself from the outside world, no TV, internet or whatsoever. And when I came back tons of things happened but nothing beats the chaotic crisis happening in Thailand. A summit meeting […]
... written on Apr 13 2009It’s nice to see Dow Jones was strong enough to bounce to two-digit loss from the initial three-digit loss intraday although it closed at below 8,000-level. Everyone is waiting for the earnings result from aluminium producer Alcoa Inc. scheduled Tuesday which will set the direction as what to expect from the U.S. economy for this […]
... written on Apr 07 2009Violence in the Middle East may just push the saggy crude oil prices higher much to the delights of the OPEC members who have been scratching their heads in disbelieve recently as to why their efforts previously didn’t work. Russia’s dispute with Ukraine (again?) over natural gas supplies will help the situation (higher prices) but […]
... written on Jan 06 2009
