xxxx

The Wall Street Journal has begun exposing how the New York financial sector is in such dire straits right now that some former stock gurus have gone to the lowly life of working for a living. For instance, take Carlos Araya. He used to be …

Yesterday Chris was watching something on CNBC that really got at my nerves. I have been thinking about it all day and finally decided to write about it just because I can’t believe some things that people will say.
Yes, I was out of the room …

The Federal Reserve has granted GMAC, a major lender to GM dealers, the status of a bank holding company. This decision effectively gives GMAC access to the bailout funds for the financial sector.
This also came out today:
“While GMAC has not quantified its capital injection request …

Just after the Fed’s announcement to cut the interest rate the Dow rallied. The Dow started the day at 8565 and is now up over 2.19% and at 8784. Just before the announcement, it was trading around 8600 and was anticipating a rate cut…just not …

Goldman Sachs posted a $2.29 billion loss today, its first loss since becoming a publicly traded company in 1999.
It lost $4.97 per share in the quarter ended Nov. 30, last year in the same quarter it earned $3.17 billion or just over $7 a share.
Other …