Quantcast

Daily Archives: March 16, 2008

Asia Opens To A Terrible Beating, Some Shares Off Over 4% Early

Posted: March 16, 2008 at 7:57 pm

The news that Bear Stearns (NYSE: BSC) was sold to JP Morgan (NYSE: JPM) and that the Fed would increase liquidity for primary dealers was too much for the Japanese ...
Read Full Story »

Federal Reserve Acts To Avert A Panic

Posted: March 16, 2008 at 7:29 pm

The Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent. The Fed ...
Read Full Story »

Bear Stearns (BSC) Wiped Out, JP Morgan (JPM) Takes Over

Posted: March 16, 2008 at 7:23 pm

Most on Wall St. thought it would come to this, but few thought the price would be so low. JP Morgan (NYSE: JPM) will take over Bear Stearns (NYSE: BSC) ...
Read Full Story »

Bear Stearns (BSC) Will Probably Disappear Into JP Morgan (JPM)

Posted: March 16, 2008 at 4:53 pm

According to The Wall Street Journal, JP Morgan (NYSE: JPM) is close to buying Bear Stearns (NYSE: BSC), just days after providing financial aid, which was backed by the Fed, ...
Read Full Story »

Financial News From Around The World 3/16/2008

Posted: March 16, 2008 at 12:05 pm

According to Reuters, the head of the World Bank sees the US moving into recession and a slowdown in Europe but believes that developing countries are not being hurt by ...
Read Full Story »

Bleak House: Despair On The 52-Week Low List (GE)(VZ)(GOOG)(C)

Posted: March 16, 2008 at 11:49 am

Those rummaging through the garbage of 52-week low lists are usually bottom-fishing investors or desperate CEOs. But, the list is so broad that it has become a tableau of the ...
Read Full Story »

E*Trade’s (ETFC) Hidden Value

Posted: March 16, 2008 at 8:08 am

Because of its exposure to mortgage-related securities, shares in E*Trade (NASDAQ: ETFC) have fallen from a 52-week high of $25.79 to $3.63. Over the last six months, shares of rivals ...
Read Full Story »

What If The Fed Only Cuts Half A Point?

Posted: March 16, 2008 at 7:57 am

"If wishes were horses, all the beggars would ride."The market expects the Fed to take rates down .75% this week. According to MarketWatch "After the Bear Stearns news, market bets ...
Read Full Story »

Goldman Sachs (GS) Earnings May Crush Wall St. Further

Posted: March 16, 2008 at 7:37 am

Shares in Goldman Sachs (NYSE GS): are only down about 12% over the last six months. That is about the same as the S&P. But, shares in peers Morgan Stanley ...
Read Full Story »

This week on Stockhouse March 10-14

Posted: March 16, 2008 at 7:17 am

Fed’s actions lead to extreme highs and lows in the markets this week. The Fed and other central banks’ announced plan to ease subprime woes and S&P’s optimistic outlook for ...
Read Full Story »

Bear Stearns (BSC) Investor Loses $800 Million

Posted: March 16, 2008 at 5:51 am

Joe Lewis, a British billionaire, has lost $800 million from investing in Bear Stearns (NYSE: BSC). Lewis has almost 10% of the brokerage company's shares.According to the Times 'The huge ...
Read Full Story »

With New Dubai Project, Number Of Sovereign Funds Grows

Posted: March 16, 2008 at 5:45 am

Sovereign equity funds are huge pools of capital controlled by foreign governments. Most countries have one. Dubai is so rich is has decided it needs two.The country currently has one ...
Read Full Story »

Goldman Sachs (GS) To Write-Down $3 Billion According To Media Report

Posted: March 16, 2008 at 5:31 am

Goldman Sachs (NYSE: GS) will take a $3 billion write-down when its announces its quarterly results, according to the Telegraph. That will cut the firm's first quarter earnings by 50%."Goldman ...
Read Full Story »