Posted by Jeflin on February 21, 2009
Global stock markets have been whitewashed over the past month, Dow Jones fell to its lowest level in 6 years this week, and gold has charged to a record high $1,007 as investors seek to preserve capital.
Granted that Obama’s administration has been hard at work – a $787 billion economic stimulus was signed into law Tuesday and a $75 billion foreclosure prevention plan was unveiled to aid distressed homeowners and revive the housing market. However, there is little confidence that these measures will be effective.
Read the full article here.
Posted in Stocks, gold | Tagged: cash, clear debts, credit cards, gold, gold bug, investment, Stocks | Leave a Comment »
Posted by Jeflin on September 11, 2008
On Monday, we had a fantastic stock market rally after the US Treasury engineered a takeover of troubled mortgage giants Fannie Mae and Freddie Mac. Regardless of it being the costliest bailout in US financial history, investors’ confidence were restored… for a while.
Suckers, er, investors rushed into the stock market again, picking up oversold stocks as they anticipated a sustained rally, like what happened in March this year, when the US government arranged the Bear Stearns bailout. Read the full article here.
Posted in Banking, Business, Currency, Economy, Oil, Stocks, gold | Tagged: bear market, Fannie Mae, fear, Freddie Mac, investment, investors, stock market, Stocks, Treasury | Leave a Comment »
