Stock
Is Citi Stock A Buy Now?
I heard the news this morning that Citigroup CEO Vikram Pandit bought 750,000 shares of Citigroup stock (C) on the open market yesterday when the share price dropped below $9. In addition to CEO Pandit, other three executives also bought a total of 550,000 shares. Is this the sign of confidence?
Currently trading slightly above $9 [...]
Wall Street Greeted President-Elect Obama with a 486-Point Plunge of the Dow
What a huge difference one day can make!
Yesterday, when the election was still underway, investors, in anticipation of a Obama victory, pushed the Dow up nearly 305 points, the biggest gain ever on an election day.
Today, even before excitement from Obama’s historic win started to fade, investors re-focused their attention on the economy, instead of [...]
Dow Jones in October 2008 by the Numbers
As an investor, I felt a little relieved when October is finally over, especially when all three major indices closed the month with two consecutive gains, which is a rare event these days. What is not rare the past month are the huge ups and downs of the indices, especially the Dow Jones Industrial Average. [...]
What to Do with All the Scottrade Free Trades?
In early September, I put up a post on the new Scottrade 3 commission free trades promotion. Because I have been a loyal Scottrade customer for many years and generally quite happy with their service, I wanted to share the promotion with everybody so people can save some money on commissions if they want to [...]
Different Day, Same Story
When the Dow Jones Industrial Average recorded its biggest single day increase ever two days ago, I thought the stock market might have touched the bottom and started to turn around after relentless selling on the Wall Street the week before. Apparently, I was wrong. Since the 936 points gain on Monday, the benchmark has [...]
Stocks Saved the Worst for the Last, Closing at 5-Year Low
It looks like there’s just nothing can stop the stock market sell-off, not even the hint of a rate cut from the Fed (Bloomberg), which usually got investors excited in the past.
Stock indexes went up briefly at the opening on the news that the Fed Reserve announced that it will buy back short-term commercial papers [...]
Dow Jones Posts Largest Point Drop Ever
While I was sleeping in China, something ugly, very ugly happened on the Wall Street and on the Capital Hill.
The first I noticed when I turned on my laptop this morning was headlines like this Dow posts record point drop as House rejects bailout. As a result, major indexes suffered huge losses. The Dow Jones [...]
I Lost $250 on WaMu
Two weeks ago, I bought 125 shares of Washington Mutual (WM) at $2.00 apiece. Back then I was hoping that somebody (like JP Morgan Chase) would quickly buy the thrift to avoid a failure. WaMu stock even moved over $4.00 briefly last Friday when the bailout plan was first announced. I didn’t sell my shares [...]
The Market is Plummeting? – No Worries
This is a guest post by Tanesha Morgan, writer for Personal Finance Analyst. Personal Finance Analyst is an online community of bloggers dedicated to taking the mystery out of money and helping you to live a happier, more successful life with the money you have.
Did you catch a glimpse of CNBC today? Yesterday? [...]
Went Fishing, at the Bottom
When Uncle Sam wrote that $85 billion dollar check to save AIG last night, he probably didn’t expect this to happen on the Wall Street today: a nearly 450-point plunge of the Dow Jones Industrial Average.
The government’s effort failed miserably. Not only the $85 billion bailout didn’t prevent AIG’s share from plummeting another 46%, it [...]
