Posts Tagged ‘recession’

Gold Reaches New All-Time High! How High Will it Go?

October 6, 2009 - publisher

After weeks of strong signals that it was ready for a surge upwards, Gold finally broke through not only several levels of resistance, but the all-important psychological barrier of $1000 and has soared to a new all-time high of $1,042...

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New Housing Starts Up and Homebuilders Starting to See the Light Again

August 10, 2009 - publisher

In the middle of April, we posed the question, “Is now the time to get back into the home builders?” With the Philadelphia Housing Index ($HGX) having closed at $79.89, we cited several reasons why we felt it was, in...

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Letter to CitiGroup CEO: “Can I Borrow Our New Corporate Jet?”

January 27, 2009 - publisher

Dear Mr. Pandit, Citigroup CEO Last year kind of sucked for everyone with the financial industry meltdown, the housing industry slump, the steep nosedive the stock market took, the near bankruptcy of the auto industry, the worst unemployment seen in decades,...

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A “Moment of Hope” Amid the “Deepending Gloom”

January 19, 2009 - publisher

With hundreds of thousands cheering, chanting and dancing at his back, President-elect Barack Obama took in a star-studded opening ceremony on the steps of the Lincoln Memorial, and urged Americans to hold fast to common hopes in tough times. The mood...

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Happy New Year! – Market Off to a Good Start in 2009

January 4, 2009 - publisher

We hope that all of you had a wonderful and blessed holiday season! We slowed things down a little the last few weeks of the year here at OTCPicks.com, but now the batteries are recharged and we are back in the saddle again...

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Markets Up Big on Hope and Optimism

December 8, 2008 - publisher

Wallstreet charged ahead bullishly on Mnday as the Dow and S&P 500 surged ahead more than 3% as investors bet that the automakers will get a first installment of a bridge loan from congress, and on Barack Obama’s weekend comments...

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Auto Bailout Bill Not Getting Overwhelming Support

November 18, 2008 - publisher

On Tuesday, Treasury Secretary Henry Paulson and members of Congress clashed over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures. At a House of Representatives Financial Services Committee...

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Economic Crisis Deepens, Intel Cut Estimates and U.S. Automakers are on the Ropes

November 13, 2008 - publisher

Provided Courtesy of OTCPicks.com “Hold on, we’re in for a bumpy ride!” is the familiar saying that comes to mind right now in the markets. More bad news keeps coming despite all the government interventions and eye-popping money being thrown at...

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Thank God October is Over! What Now?

November 3, 2008 - publisher

Courtesy of OTCPicks.com At the end of the day on Friday I walked outside as the closing bell rang and I swear I could hear the universe exhaling with a collective sigh of relief ending one of the most volitile months...

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Fed Cuts Rates .5% to 1%, Oil Goes Up, Dollar Goes Down

October 29, 2008 - publisher

Feds Cut Interest Rate Half a Point On Wednesday Oct 29, the Federal Reserve slashed a key interest rate by half a percentage point as it seeks to revive an economy rocked by the worst financial crisis in the better part...

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