Thoughts On 1000 Point Fall in Dow Jones

Create a massive fall in the market large enough to trigger stop-losses typically set up at 5% drop, and then buy blue chip stocks at 30% less price before they recover, sell Put Options at 1000% gain, blame it all on computers and trading algorithms. Some person or some company somewhere has walked away with [...]

Expect A U-shaped Economic Recovery – Economist C Rangarajan

In an exclusive interview to NDTV, C Rangarajan, former Governor of the Reserve Bank of India (RBI) and currently the chairman of India’s Prime Minister’s Economic Advisory Council, says it is going to be a U-shaped economic recovery where we will see periods of economic stagnation. He further said in 2010 there could be some [...]

US Bank Stress Test Results – Follows Pareto Law

The much awaited “stress-test” results done for the 19 largest US Banks have found that 10 of the 19 banks need a total of about $75 billion in new capital to withstand losses if the recession worsened.
Bank of America needs $33.9 bn, Wells Fargo needs $13.7 bn and GMAC needs $11.5 bn. So these 3 [...]

Citigroup Share Falls Below $1 – becomes penny stock

Shares of Citigroup Inc have fallen below $1 per share today touching 98 cents per share! From being the largest bank in the world to being a penny stock has been difficult for the employees (those who survive) and surely the investors.
Even a few months back, nobody could have thought of such low valuations, but [...]

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