Posted by Jeflin on September 16, 2008
Already, a Lehman Brothers bankruptcy implies a fire sales of its assets (stock, bonds, property and mortgage securities), depressing prices and forcing more write-downs by other banks and investment banks. In the coming months, we can expect tsunamis to test the foundations of the financial sector again.
Why was Lehman, a 158-year old financial institution, which survived world wars, scandals, in-fighting, loss of its independence, finally shuttered? Read the full article here.
Posted in Banking, Business, Stock Indices, Stocks | Tagged: banks, finance, investment banks, Lehman Brothers, leverage, Merrill Lynch, S&P 500, scandals, stock markets, Stocks, Wall Street | Leave a Comment »
Posted by Jeflin on July 7, 2008
The ST Index closed Monday at 2934.12 after a slight rebound of 41.58 points. Regional markets performed strongly as well. But don’t get all excited just yet. A recovery depends very much on what surprises Wall Street have in store for us.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Dow Jones, Economy, Inflation, Lehman, Nasdaq, Oil, S&P 500, ST Index, stock market, Stocks, Wall Street | Leave a Comment »
Posted by Jeflin on June 30, 2008
I expected bearish sentiments in the stock market for this week because there is simply no good news on the horizon to spark a revival.
When I say revival, I mean sustained gains in grounds of over 100 points, not 20-30 points as this usually implies a zigzag pattern for further slides.
Read the full article here.
Posted in Banking, Economy, Inflation, Oil, Stocks | Tagged: Chicago PMI, Citigroup, Dow Jones, JP Morgan, Lehman Brothers, Oil, oil speculators, S&P 500, stock market, Stocks | 4 Comments »
Posted by Jeflin on June 23, 2008
Since Wall Street shed 220 points to end at 11842.69 last Friday (a three-month low sparked by fears about credit market and inflation), I expected the sell-offs to spillover to Asian stock markets.
Indeed, regional bourses (Nikkei, Hang Seng, Shanghai, etc) were not spared from the destruction. The ST Index fell 22.66 points to close at 2979.15 on a sagging volume of 1.056 billion. Gainers/Losers stand at 177/337.
Read the full article here.
Posted in Economy, Oil, Stocks | Tagged: Dow Jones, Federal Reserve, gainers, Hang Seng, investors, losers, Nasdaq, Nikkei, S&P 500, Shanghai, ST Index, stock market, Stocks, Wall Street | 2 Comments »
Posted by Jeflin on June 16, 2008
Last Friday, the ST Index dropped marginally below the 2980 support level. That is despite a mini-rally at Dow Jones Thursday. It is of great concern to me as the next support is at 2920 and the STI trading at that range implies poor confidence in the economy and weak overall sentiment in stocks.
One major reason for the gloom is because of a drastic drop of 496 points in the Baltic Dry Index – a shipping and trade index that monitors changes in transportation costs of raw materials such as metals, grains and fossil fuels by sea.
Read the full article here at http://jeflin.net
Posted in Economy, Oil, Stock Indices, Stocks | Tagged: Baltic Dry Index, Dow Jones, economists, MAS, Nasdaq, Oil, S&P 500, Saudi Arabia, ST Index, stock market, Stocks, unemployment | 3 Comments »
Posted by Jeflin on June 11, 2008
A few days ago, I read with interest a bet between Warren Buffett, CEO of Berkshire Hathaway, and Protégé Partners LLC, a New York City firm that runs funds of hedge funds.
It is supposed to have a solid reputation of selecting the best hedge funds for its clients and keeping away from the laggards.
Read the full article at http://jeflin.net
Posted in Hedge Funds | Tagged: fees, funds of hedge funds, Hedge Funds, investors, Long Bets, mutual funds, Protégé Partners, S&P 500, Vanguard, Warren Buffett | Leave a Comment »
Posted by Jeflin on June 6, 2008
If you look at the Dow Jones yesterday, it seems like the sky has fallen.
Oil rises $10.75 to $138.54, jobless rates spike to 5.5% as compared to April’s 5% (biggest one-month surge in over 20 years), consumer debt jumps to $8.9 billion, AIG gets investigated by SEC while other blue-chips fell like nine-pins.
Read the full article at http://jeflin.net
Posted in Economy, Oil, Stocks | Tagged: AIG, commodities, depression, Dow Jones, Economy, greenback, Oil, recession, S&P 500, unemployment rate | 2 Comments »
