Les and Simon are a couple of “Stock Capitalists” that scour thru literally hundreds of stock market related sites, newsletters, e-mails, blogs, etc… and “siphon” out great ideas, quotes, recommendations, and stock market related information. They have been trading the stock market for more than 20 years and offer some of their insight and best articles of interest.
Decline of American Economic Might Earthside Comments: Here is the news report on why the Dow Jones Industrial Average rose 215 points yesterday (from the AP):Wall Street rebounded Tuesday after the Abu Dhabi Investment Authority said it will invest $7.5 billion in Citigroup Inc. (C) – a vote of confidence for the nation’s largest ba..
About five shares rose for every two that fell on the New York Stock Exchange. Gains were broad based, with 28 out of 30 Dow stocks rising. Citigroup shares slipped despite the encouraging news. But other big financial stocks rose. … There is also the possibility of no Fed rate cut . After the close, Freddie Mac said it was cutting its quarterly dividend in half and that it was issuing $6bn in stock in anticipation of more losses ahead. Freddie shares fell 1.8% in …
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