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Goldman Sachs just dropped off a cliff falling over 2 ½ points in about 4 minutes.
This stock has been on an absolute tear and it hit a new 52-week high earlier today. I cannot find any news for the sell-off. However, 100,000 shares were traded during the decline and I believe this [...]
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With August almost in the books I believe it is worthwhile to look at some specific sectors and stocks relative to the major market averages.
For a reference point the SPX index started the year at a level of 903.25. So with today’s close at 1028.93 the overall market is up almost 14%. It is more [...]
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The top three headlines in the Money and Investing section of the WSJ today are:
Regulators Examine Goldman’s Trade Tips
BofA Denies Misleading Its Investors on Bonuses
Charles Schwab takes on Cuomo
When markets drop as they did in 2008 the public wants villains and the media seems to have an endless supply. Today’s serving of news is a course [...]
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A very negative article on General Motors (GM) appeared in Barron’s over the weekend – it basically stated the company is all-but-guaranteed to need a massive bailout ($50 Billion was referenced). Such a bailout would come with equity ownership stakes for the government.
All this is thought to be extremely negative for current [...]
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