GE (GE) was one of the alleged last safe harbors in corporate America. The company said the credit issues facing the economy would not damage GE Financial. The conglomerate indicated that it…
Douglas A. McIntyre These are not all of the downgrades or negative analyst calls affecting stocks this Tuesday, but these are some of the highlights we have seen with over 2 and a half hours…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be…
According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank holding companies to have access to the government’s proposed $700 billion bailout…
Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they…
We won’t bother discussing the current market situation as being a very difficult one. But the problem isn’t just the baby being thrown out with the bathwater. Now, investors are throwing out…
Douglas A. McIntyre According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a…
Lehman (LEH) is bankrupt. Its stock plunged to $.15 from $67.73. AIG (AIG) fears that it will be the next to fail. It drops to $3.50 from a 52-week high of $70.13.…
A lot of traders think that GE’s (GE) financial results will be badly damaged by trouble at its GE Capital unit. The worry has the conglomerate’s stock trading at $24.70, below its…
Douglas A. McIntyre Wall St. might make the argument that GE (GE) has more exposure to the credit markets than most huge companies because of its financial division. But, the current hammering of the shares…
Douglas A. McIntyre In community college Economics 101 students learn that there can be dips in bull markets. Usually these are caused by a single event like a change in the party that runs Congress.…
According to Reuters, bond giant Pimco called for more governemt support for the financial system saying the the credit crisis could turn much worse. Reuters writes that Microssoft (MSFT) will begin its…
There was some ray of hope that the second half of the year would be OK when the government revised GDP up 2.2% for the second quarter. A number of economists looked…
According to Reuters, US car sales are likely to have another large drop in August. Reuters reports that Bernanke would like to see broader regulation of the financial markets. Reuters reports that…
Douglas A. McIntyre So far there are some changes seen in the holdings of Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A). We have consolidated these into groups and this group is from A to…
