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...
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...
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...
Tuesday morning stocks roar higher out of the gate anticipating the Federal Reserve will cut interest rates at their two day meeting scheduled to begin today. Monday opened up with stock futures pointing downward but as the session moved on...
Written by OTCPicks.com Wall Street had another rough day today with the Dow losing 514 points on worries that the global economy is rapidly weakening. The primary worries have shifted from the credit crunch to worries about corporate earnings as global...
Written by OTCPicks.com Equity markets had a nice positive day on Monday as credit markets showed signs of thawing. A critical measure of lending between banks, the three-month Libor rate fell significantly providing signs that credit is again beginning to flow...
Written by OTCPicks.com Last Friday congress passed the $700B financial bailout bill and sent it to the President who summarily signed it. It seems that global markets did seem to think that the bailout would save us from a nasty global...
Written by OTCPicks.com With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature. The final vote was 263-171...
Written by OTCPicks.com Oil prices were up more than $25 a barrel today as investors became unsettled about the government’s $700B bailout plans. This was the biggest one day price surge ever for oil. The Fed is going to have to auction...
Presidential election years are typically good for stocks despite which party wins the Oval Office. There are a few interesting barometers of what might happen in November in looking at history and the statistics of what has happened in the...
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