Missed chances to save on GMAC bailout
The Treasury Department did not adequately consider all options when bailing out troubled finance company GMAC and could have better protected taxpayers’ money, according to a report released Thursday.
ISEE Update
Last night I came home quite late and finally the ISE had updated their latest ISEE chart. So I was up until 2:00am importing the updated data into my Exel chart so that I could start looking for new patterns (the JS chart the ISE offers gives me a headache).
So, as you can see we [...]
Jobless claims bill OK’d by Senate
The Senate on Wednesday approved a wide-ranging bill that would push back the deadline to file for extended unemployment insurance until year-end and extends dozens of expired tax breaks.
Stocks post modest gains
Stocks posted modest gains Wednesday, with the Nasdaq ending at its highest level in more than 18 months, as investors weighed falling oil prices against strength in the financial services sector and an upbeat report on wholesale inventories.
Domiciled in a Functionally-Challenged Chronometer
by gmak
The Chief Economist for the SEC has resigned when, after finding that short selling increased when stock prices went UP, the SEC imposed rules to hobble those evil speculators (heh) anyway. At the same time, the market was goosed yesterday by rumours, innuendo, and rumours about rumours. Cash at fund managers is at one [...]
Firing the $70 billion man
On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar’s award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross.
Stocks led higher by bank, tech shares
Stocks rose Wednesday as strength in the financial services and technology sectors outweighed a pair of mixed economic reports.
Royal Dutch Shell halts gasoline sales to Iran
Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.
E-File Your Federal Tax Return Extension For Free
April 15th is only a month away, and you haven’t started your taxes yet. Time to file an extension! The IRS automatically grants a 6-month extension to anyone who asks. Asking a search engine will often direct you towards websites like FileLater.com that charge upwards of $20 to [...]
10 big flops of the dot.com bubble
It’s been exactly 10 years since the Nasdaq hit its all-time high. CNNMoney.com takes a look at the biggest busts of the dot.com bubble.
Stocks leaning toward gains
U.S. stocks were set for a slightly higher open Wednesday as investors awaited the first major economic readings of the week.
Bank of America scrapping some overdraft fees
Bank of America said Wednesday that it plans to ditch overdraft fees on debit card purchases this summer.
Junk Still Going Strong
I finally had some time to update my BAA-TYX spread chart this afternoon and, like many of my other indicators, the results are not very inspiring for any remaining bears:
As you can see we had a promising upswing during the drop but since the ramp up any loss of appetite for corporate junk bonds has [...]
Energy crystals under the sea
It looks like ice — but this ice could one day be used to heat your home.
Stocks muster gains; Nasdaq at 18-month high
Stocks managed gains Tuesday at the end of a choppy session as investors mulled the latest corporate deal and profit news on the anniversary of the bear-market bottom.
