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 »
Posted by Jeflin on July 25, 2008
Have you read about this news where a 53-year-old lady shot herself dead soon after faxing a letter to her mortgage company?
It is very sad for the family to experience such a tragedy but what is the underlying message to the US government?
Read the full article at http://jeflin.net
Posted in Banking, Economy, Properties | Tagged: bailouts, defaults, Economy, Fannie Mae, foreclosures, Freddie Mac, housing, mortgage industry, mortgages, suicide | 2 Comments »
Posted by Jeflin on July 23, 2008
Wall Street continue to finish higher on Wednesday. Dow Jones ended up 0.3%, Nasdaq composite gained 
almost 1%, and the S&P 500 was 0.4% higher.
Falling oil prices and the likely approval of a House bill which will stabilize the collapsing residential properties sector cheered the market.
Read the full article at http://jeflin.net
Posted in Stock Indices, Stocks | Tagged: Amazon, bear, bear rally, blue-chips, Dow Jones, Fannie Mae, Freddie Mac, Nasdaq, Northwest Airlines, Oil, ST Index, Stock Volume, Stocks, Washington Mutual, Yahoo | 1 Comment »
Posted by Jeflin on July 18, 2008
How long has it been since Wall Street posted consecutive gains? For nearly two weeks, we have seen a rebound only to be followed by more losses the following day.
Well, Wall Street broke out of their trance (posting more than 200 points gains in two sessions) but regional stock markets were still mixed in reaction.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Oil, Stock Indices, Stocks | Tagged: AMD, Citigroup, Dollar, Dow Jones, Fannie Mae, Freddie Mac, Google, JP Morgan, Merrill Lynch, Microsoft, naked shorts, Oil, stock market, Stocks, Straits Times Index, Wall Street | 1 Comment »
Posted by Jeflin on July 12, 2008
It was a punitive end to a roller-coaster week. Dow Jones breached 11000 (a first time low in nearly two years) but pulled back to end at 11,100.54, losing 128 points. Standard & Poor’s 500 index lost 1.1% while Nasdaq composite shed 0.8% to remain above March lows.
Read the full article at http://jeflin.net
Posted in Banking, Stock Indices, Stocks | Tagged: Citigroup, Dow Jones, Fannie Mae, Federal Reserve, Freddie Mac, General Electric, insolvency, Lehman Brothers, Nasdaq, Standard & Poor | 1 Comment »
