Since Monday, when several news items (1. Citigroup (NYSE: C) said it would be profitable, 2. Fed Chairman Bernanke addressed mark-to-market issues, and 3. Barney Frank said he expects to see the…
The market rally over the last few days based its activity on just a few events, but the press and investors have grabbed them and are holding on for dear life. The…
According to Reuters, investors in GE (GE) are still worried that the stock will not recover to its highs of last year. Reuters reports that Madoff pleaded guilty of 11 charges of…
This week 24/7 Wall St. is picking several stocks that are likely to double off of their lows. The time frame is by the end of 2010, which is meant to coincide…
Some recent bank insiders that bought stock in their respective banks are finally looking smart after looking like fools for some time. Over the years, insider buying has been seen as a…
Short sellers may have taken a bath in companies such as Citigroup (C) and GE (GE), but they increased investments in many companies to record levels. At the end of February, shares…
According to Reuters, Madoff will plead guilty. Reuters reports that most consumers do not expect any recovery until 2010. Reuters reports that Bernanke says new management at AIG (AIG) has curbed costs.…
Influential bank analyst Meredith Whitney just gave a Maria Bartoromo an interview on CNBC after her op-ed piece in the WSJ called credit cards and credit lines the next wave of problems…
Vikram Pandit, CEO of Citigroup (C), said that the bank made money in the first two months of the year. Primarily on the strength of those comments, the firm’s stock is up…
Douglas A. McIntyre Vikram Pandit, CEO of Citigroup Inc. (NYSE: C) is being credited for most of today’s rally based upon a memo he sent to employees after last week’s debacle. We have provided additional…
Douglas A. McIntyre Citigroup (C) CEO Vikram Pandit says that the bank is having a great quarter. That must be true because he says it is, although his comments in the past have not always been spot on. According…
Douglas A. McIntyre According to the head of the FDIC, a “bad bank” system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound in the…
GM’s (GM) stock is racing toward $1 where it can join Citigroup (C) and a number of other famous American companies which could not hold that price point. Today GM trades at $1.43, and…
Wells Fargo (WFC) is supposed to be one of the healthier big banks. The market has not treated that way, driving its shares relentlessly lower–down 40% over the last five trading days…
According to Reuters, Obama will start work on getting his healthcare plan passed. Reuters reports that February joblessness is estimated to rise 648,000 for February. Reuters reports that the pick for the…
