The two largest stock market crashes occurred in October.
Who is “investing” in these stocks and why? It is safe to say they are not
investors who have done the exhaustive work of valuing the assets and liabilities, who then reached a conclusion that they
were getting good value for their money.
Nowhere else on the stage of global economics was financial boom and bust more surreally scripted than in the small isolated
country of Iceland.
will give me 15 years as a professional in the securities industry. My firm will celebrate 10 years this November.
Every Friday after the markets have closed, my e-mail starts getting dinged by the FDIC. That is when the government agency
publicly announces the names of banks that failed during the past week.
If you never got around to opening that Swiss bank account, you might want to wait a bit longer—at least until after
Sept. 23. That is the date the IRS has set for any tax-evading American to come forward regarding 52,000 accounts held at
Swiss banking giant UBS under a Voluntary Disclosure program.
It is ironic that in the aftermath of the credit crunch, with investors calling for more market transparency from Wall Street,
opaque trading markets are thriving.
Whenever this bear market bottoms—and there is a growing possibility that we will see new lows in coming months—millions of investors will be throwing all kinds of assets away for pennies on the dollar. The discounts so far could pale in comparison. So, be patient, be prudent and be ready.
A developing case of technology theft has shed light on the proprietary systems Goldman Sachs and other investment firms
use to make millions of dollars. A 39-year-old former employee at Goldman has been accused of stealing computer
code used in the company’s high-frequency trading system.
In the not-too-distant past, Microsoft was the most dominant company on the planet. In 25 years, it had spawned the world’s
richest man along with products that became as ubiquitous as water.
Target-date mutual funds, a popular investment vehicle in 401(k) plans and college savings plans, have recently come under
scrutiny by Congress and regulators. Investors are in an uproar over the recent poor performance of funds nearing their target
We are not in peak vacation time yet and already volume is disappearing faster than a hermit crab being chased by a group
of 10-year-old boys. This s especially troubling if you are a bull.
In the midst of the U.S. government’s plan to fast-track Chrysler through bankruptcy, Indiana Treasurer Richard Mourdock waged
a lonely and unpopular battle.
In recent weeks, two of the planet’s most respected investment minds have weighed in with their thoughts on the state of the world’s financial affairs—Bill Gross at PIMCO in southern California and Jeremy Grantham of GMO LLC in Boston. It is always worthwhile to examine their thoughts and the logic behind them. As investor hopes […]