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One automobile-business columnist was quoted in the papers this morning as complaining that GM had fallen into a rut of its own making when it began to produce Chevrolets, Pontiacs, and Buicks which looked different from the outside but shared the same mechanical underpinnings. I’m not so sure that’s the root of the problem; rather, [...]  Hundreds of thousands of ordinary investors are terribly unhappy with the direction of the stock market since October 2009. They continue to hope that, by some miracle, the market is going to reverse and that they will be able to “make it all back.” It is quite astonishing how many otherwise intelligent people hold onto [...] The Market wants to believe that the bailout plan will work. It wants to believe, in the worst way. The problem is that so many details are still missing that folks are concerned that all of the billions will go down the drain with nothing to show for it. On top of it all, there [...] Investors continue to bang their heads against a brick wall, trying to “make it all back” or to “make a new killing” in the stock market. The likelihood of the attempt being successful is very remote. We see nothing on the economic front or in technical analysis of the price charts that would indicate that [...] CandleWave.com – Newsletter – Wednesday evening, February 4, 2009 Rocky River, D.C. – Feb. 4, 2009 – The Potomac River is normally a placid stream, tidal in the environs of Washington. However, our new President is finding that navigating the river can be treacherous, strewn as it [...] John Thain had been a high-level executive at Goldman Sachs before he was tapped to lead the New York Stock Exchange after Mr. Grasso’s expensive departure. Then he was chosen to lead Merrill Lynch after Stanley O’Neal was given the air following the growing financial debacle centered on bad loans and risky [...] Over a period of years, Chairman Jack Welch transformed General Electric into a far-reaching conglomerate, of which the most dynamic source of growth in profits was GE Capital, the Money Machine. That went well in an economy in which credit was free-flowing and there seemed to be limit to [...] 1904: Amadeo Giannini founds Bank of Italy in San Francisco; served working-class Italian immigrants at North Beach; helped rebuild city after earthquake; early proponent of branch banking; merged with Bank of America (of Los Angeles) and the combined company adopted the name Bank of America; acquired Security Pacific National Bank and its Rainier Bank, Valley [...] As this is being written at 3PM on Inauguration Day, the Dow is off 250 points, and the other major Indexes are following suit. Shares of Citi are below $3 per share. There seems to be no end to the decline in bank stocks. Part of the [...] Do you remember that, not so very long ago, there was great hue and cry about “peak oil” – that the world is running out of oil? What a change in just a few months. Now the world is awash in oil. Demand is down, [...] |
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