*****Even before they’ve had the chance to present a third (or is it fourth?) turnaround plan, President Obama has said bankruptcy is the best way for GM and Chrysler to deal with their problems.
GM would be able to restructure with bankruptcy protection, but apparently it’s a lost cause for Chrysler…
*****Today is the last day of the second quarter. Mutual funds are no doubt buying the top performers to make their holdings look good. That helps explain today’s rebound. But what about yesterday’s declines?
Obviously, a quick 25% rally is going to have investors taking profits. This was especially apparent…
Monday I wrote about investment lessons from the Great Depression. Chief among these is that if you bought stocks after the Dow declined 50% from its 1929 peak, you did very well in the decade ahead, even though stocks continued to fall for the next 18 months.
Last night on CNBC’s Mad Money, Cramer identified a stock that he believed has been wronged by the market. The relatively small oil and gas company from Texas, Permian Basin Royalty Trust (PBT) was down 42% in the last month, which is twice the 21% decline in crude oil over the same period. Additionally, [...]
You know something’s up when the market keeps rising in the face of pitiful economic and corporate earnings news. That’s precisely what happened last week when consumer confidence was smashed, GDP shrunk and yet the Dow charged ahead nearly 15%. …
Get daily news and insights for the advertising, automotive, energy, financial services, food, health care, media, pharmaceutical, retail, technology, and travel industries.
