stocks
sastyk | August 4, 2011Ilargi at the Automatic Earth has a great big picture post on the real state of financial institutions and why we may be headed back to 2008 and bank bailouts again: Using his mock portfolio, he offers a very different picture than the one you'll get in the news:
As you can see, there are a number of stocks in there that not everyone would have in a finance portfolio, and some others that may be missing. But I like it this way. I still left Lehman and Fannie and Freddie in (though none are exchange traded anymore), and included GE and Société Générale, among others.
This portfolio shows…
sheril | March 2, 2009
NEW YORK (CNNMoney.com) -- Stocks tumbled Monday, with the Dow and S&P 500 falling to 12-year lows after insurance company American International Group's huge quarterly loss added to worries about the financial sector and the economy.
The Dow Jones industrial average (INDU) lost almost 300 points, or 4.2% to end at 6763.29, its lowest point since April 25, 1997.
While I hoped this email from last September was hyperbole, today I'm less certain. The world has changed, but I remain hopeful that with the right direction, we may yet recover.