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Corporate Governance Runs Up The White Flag
Your Federal Government Is Now An Insurance Shareholder?
Well, American International Group (NYSE – AIG) certainly went south faster than we expected. Rather than rising to fill the gap before plunging, it instead plunged straight away. Will there be a bounce? Well, let’s look at recent surprise developments before making a prediction.
The U.S. Federal Reserve Board has just agreed to lend up to $85 billion to AIG to allegedly prevent a “disorderly failure” that could wreak economic havoc. The loan is secured by all AIG and primary non-regulated subsidiary assets so that the insurance giant can meet its obligations as they…
18Sep2008 | Oxbury Research | 2 comments | ContinuedCandlestick Stock Traders are Buying
If you’re going to trade the markets using technical analysis, get acquainted with Japanese candlesticks. Simple bar charts don’t offer as much or as detailed information on price patterns. Nor do they have the history and experience of this centuries-old Japanese method.
Candlestick charting began in the 17th century and was used primarily as a tool to trade rice. Since then it has become the preferred method of chart analysis for most active traders and technical analysts the world over.
We’ll start with a simple pattern that has popped up on a wide array of charts in the last week – a…
15Sep2008 | Oxbury Research | Comments Off | ContinuedFalling Oil Still Gives Us Investment Opportunities
Oil’s Big Run Up and Let Down
On the energy front, we’ve seen several days of declining prices. Oil has led the way, falling from about $146 to $112. Coal and natural gas sold down, as well, as did many energy companies and service firms.
So we’ve seen quite a tumble, led by declining oil. But then again, oil had quite a run-up. I’ve said before that oil was climbing too far, too fast. And over the past few weeks, oil tested the $150 mark. But like Gen. Pickett at Gettysburg, this charge to $150 failed.
What seems pretty clear is that at…
13Aug2008 | The Penny Sleuth | Comments Off | Continued
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