The market has brutalized many great companies and we are seeing the mayhem reach a cycle-peak in the VIX if the history of the market holds up after hitting 48.0 yesterday during…
The consensus among economists is that the Federal Reserve has run out of options to save the troubled American economy and collapsed stock markets. That may not be true, depending on how…
The Federal Reserve is under pressure to offer solutions to falling markets and a slow economy. (Reuters) The Swiss franc hits a record against the euro. (Reuters) Bank of America (NYSE: BAC)…
2.25 PM Comments from the Fed killed the rally, and the DJIA dropped into negative territory. The central bank will keep interest rates low through mid-2013, but it did not indicate any…
Usually you would think that a 400 point drop or a 500 point drop in the DJIA (NYSE: DIA) implies that capitulation is upon us. Right now, the word “hopefully” comes to…
4.00 PM VIX panic index up 40% to highest level since credit crisis. DJIA closes at lows off 628 which is 5.3%.NYSE trades 2.3 billion shares NASDAQ off 6.9%. S&P down nearly…
When you have a credit rating downgrade of the U.S. followed by a 300+ point drop in the DJIA and another near-100 point drop in the NASDAQ, it is no shock at…
Bank of America Corporation (NYSE: BAC) has rapidly turned into a runaway train. The latest suit from American International Group, Inc. (NYSE: AIG) for $10 billion for its massive mortgage fraud is…
Updated throughout the day. Groupon doubled subscribers this year to 115 million. It will also drop a controversial accounting method used in its IPO documents (Reuters) GDF-Suez may sell 30% of itself…
American International Group (NYSE: AIG) will sue Bank of America (NYSE: BAC) for $10 billion because the insurance company claims the big bank misrepresented the risks of mortgage-backed paper. The legal action…
The next challenge for Congress will be a tax deadlock. (Reuters) The Nikkei falls another 2% on news of a U.S. downgrade. (Reuters) Yields on Italian and Spanish bonds fall as the…
Jon OggEach morning we cover numerous analyst upgrades, downgrades, and initiations from Wall Street research firms which we think will have an impact on stocks and sectors. After each week we review…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. The Andersons, Inc. (NASDAQ: ANDE) Maintained Buy as Value at Zacks.…
Fitch and Moody’s kept the U.S. rating at Aaa (Reuters) Years of slow growth and aging populations in the West could hasten the rise of BRIC economies (Reuters) Google+ (NASDAQ: GOOG) and…
The world’s largest financial firms were supposed to recover after the credit crisis and the unprecedented support they received from the world’s largest governments. But things have not turned out so well…
