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Although the Bailout Bill Was Rejected, It’s No Time to Panic
Unless you’re the chairman of the George W. Bush Presidential Library hoping for one last truly memorable economic achievement that would guarantee some big donations – as well as eventual visitors – the failure of the $700 billion bailout yesterday (Monday) was no time to panic.
Of course, the stock market did panic, with the Dow Jones Industrial Average plunging more than 777 points in its worst-ever single-day point loss (although the 6.98% decline in percentage terms is much less severe than the 20% nosedives of 1987 and 1929). At this stage, however, it’s apparent that the U.S. stock market is…
30Sep2008 | Money Morning | Comments Off | ContinuedVery Superstitious Writings on the Wall
There is nothing I’d like better than to begin a tirade on some great stocks to that will supercharge your portfolio right now. However, my obligation to tell you the truth supersedes any such urge.
I have been successful trading the markets. However, there is one thing that I wish I had learned when I began: knowing when not to trade can be twice as important as knowing when to trade.
The solid gains I made throughout my early career could easily have transformed into obscene profits had I grasped the concept of resisting the unnecessary trade. This can be difficult…
5Sep2008 | Oxbury Research | Comments Off | ContinuedFinancial Fears Sweep the Globe After RBS Predicts Worldwide Stock-Market Crash
As rocky as the global markets have been, the worst is yet to come, the Royal Bank of Scotland Group PLC (ADR: RBS) warns.
RBS analysts have warned clients to brace for a full-blown crash in the global stock-and-bond markets over the next three months as the conflicting realities of slowing growth and rising inflation paralyze the world’s major central banks – causing “all the chickens [to] come home to roost,†Great Britain’s Daily Telegraph newspaper reported.
The report, which first surfaced late Wednesday, raced across the Internet yesterday (Thursday), though it appears that European news organizations are giving it much wider play than…
20Jun2008 | Money Morning | Comments Off | Continued
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