The Federal Reserve increased support for international insurer American International Group Inc to $150B today after an initial rescue attempt failed to stop huge losses. The new plan adds $27 billion more to the rescue package. AIG shares rose 24 percent to $2.62 in pre-market action.
China’s government announced plans today for an estimated $585 billion in spending and stimulus measures to shore up its weakening economy and counter the effects of the global financial crisis. The massive stimulus plan would include tax cuts, a loosening of credit and government spending on a wide range [...] Continue Reading…
The Walt Disney Company reported record full-year revenue of $37.8 billion on Thursday but forecasted tough times ahead, noting a sudden and dramatic turn for the worse in TV advertising sales and theme park bookings.The company said net income fell 13% to $760 million in the [...] Continue Reading…
Let’s have a look at Time Warner, Inc; the world’s largest entertainment company, a Giant among Giants, United States (NYSE: TWX), from a Technical POV (point of view). The overall analysis after today;s (11/11/08) market action is Bearish, in the near term Neutral, mid-term Very Bearish, and long term [...] Continue Reading…
The average retail price for a gallon of gasoline in the United States fell more than 48 cents per gallon in the past two weeks to $2.30, according the latest nationwide Lundberg survey.
President Bush today will urge the G-20 leaders not to abandon principles of free market capitalism as they seek a way out of an international financial crisis, calling it the “best system” for delivering growth. In a speech in New York before the weekend meetings among leaders from the [...] Continue Reading…
Anheuser-Busch Cos Inc. (BUD) shareholders on Wednesday approved the $52 billion takeover offer from Belgian rival InBev. More than two-thirds of the brewer’s shareholders voted, 96% voting in favor of the deal. Anheuser-Busch and InBev will form the world’s largest brewer if and when federal [...] Continue Reading…
Let’s have a look at the one of the Top 10 Gold Miners in the World (Number 3 in North America): Kinross Gold Corporation (KGC) from a Technical POV (point of view).
The overall analysis after today’s market action is Bearish overall, in the near term it is Bearish, mid-term [...] Continue Reading…
I once had a string of ten Small cap Stocks that I cut losses on. But the very next one emerged just as the market came out of correction (downtrend) and more than tripled in price. I have often thought: “What would have happened if I had gotten discouraged [...] Continue Reading…
Let’s have a look at the Golden name in the world’s Gold mining sector: Barrick Gold Corporation (ABX) from a Technical POV (point of view).
The overall analysis after Fridays (11-07-08) market action is Bearish overall, in the near term it is Neutral, mid-term Neutral, and long term Very Bearish, [...] Continue Reading…
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