Stock
Dow and S&P in Bear Market?
Yesterday, we saw the Dow made a 276-point turnaround to close the trading session with a gain of 38 points. What fueled the rally was the surprising June sales number from GM. And the turnaround actually made people speculate that the second half of 2008 may give investors a better time than the first half [...]
Stocks Fell Like a Rock
The last time I inserted the Dow’s intra-day chart, the benchmark dropped some 400 points. That’s was less than three weeks.
Today is another bloody day for stocks, under similar circumstance as 20 days ago:
Oil surged past $140 a barrel;
More writedowns are expected at financial firms Citigroup and Merrill Lynch;
Car makers are in deep trouble and [...]
Bank Dividend Yield Revisited
Last November, shortly after the Dow peaked at 14,280 points, I had a post on dividend yields of the largest banks in the country. At that time, I thought that, with many bank stocks yielding 6.0% or more, buying banks make some sense if the banks can keep their dividend payouts.
That was then and we [...]
The Worst “Timing” Ever
I have been using automatic purchases plans to buy most of my mutual funds for years. The date that I chose for making the monthly purchase is the 5th of the month. The reasons for selecting this date are:
I don’t want to buy funds at the end of the month because that’s the time when [...]
My Play Money at Zecco
In his book, A Random Walk Down Wall Street, author Burton Malkiel declared that
A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts.
Do you believe random walk? Or do you follow your own research? Or maybe experts [...]
Economic Stimulus Payment Schedule, another 3/4 Point Cut by The Fed, and myFICO 25% off Promotion
The Federal Reserve, as expected, delivered another three quarters of a point rate cut on Tuesday, bringing the benchmark lending rate to 2.25%, the lowest level since February 2005. The cut came after one of the Wall Street’s biggest investment banks, Bear Stearns, collapsed over the weekend after creditors rushed to the door. Though there [...]
Stocks Gained Most in Five Years!
Haven’t seen rally like this for quite a while. Actually, the last time it happened was more than five years ago.
US stocks surged Tuesday after the Fed, in a coordinated action with other central banks, said it will pump $200 billion into the financial market to ease credit fears. Stock index futures jumped when the [...]
Visa IPO, Euro/Dollar and Good, all the Records
In case you didn’t hear the news, Visa Inc., the largest credit card network, is preparing to go public next month under symbol V. According to terms filed with SEC, Visa plans to sell 406 million common shares in its IPO, plus additional 40.6 million shares that will be available for underwriters, priced at between [...]
The Dog of the Chinese ADRs (1) — GSOL
I have had this idea on my mind for a while, but only implemented this month.
The idea is to buy last month’s worst performing Chinese stock (ADR) at the beginning of the month and hold it for one money. At the end of the month, sell the stock and buy again the worst performer of [...]
Recently Reopened Mutual Funds: Any Interesting Ones?
Around the new year, many previously closed mutual funds reopened their doors to new investors, including such well-known names as Fidelity Magellan (FMAGX) and Oakmark International (OAKIX), after a rough second half of 2007. For investors who had an eye on these funds, but were denied access due to the closure, the reopening [...]
