Stock Ideas 
Stock Ideas Investors Daily Edge Broken Banks Break Dow
Stock Ideas Investors Daily Edge Broken Banks Break Dow 
Market Watch
|
Fellow Investor, With oil at $90 a barrel, the growth potential for alternative fuels is undeniable. The demand for traditional petroleum products, while continuing to grow, is squeezing both corporate profit margins and consumerís wallets. Biofuels hold the promise and profits for those companiesóand their shareholders-- that can produce and deliver those alternative fuels now and well into the future. |
|
| More... |
Most Popular
Login Form
| Broken Banks Break Dow |
| Saturday, 12 April 2008 | ||||||||
|
Banks Leading Dow Down? Clearly, we can no longer believe U.S. banks when they claim to be done declaring multi-billion-dollar losses. The IMF reports that falling home prices and rising delinquencies could mean another $565 billion in mortgage-market losses. If you toss in the losses from subprime trades that Wall Street sucked up willy nilly, the final tally runs to $945 billion.  It was the addition of smoke-and-mirror housing gains into U.S. stocks that pulled the Dow out of the doldrums and pushed U.S. blue chips to new highs in 2006 and 2007. The loss of those gains is now breaking the collective back of U.S. Banks. The group as a whole has shed 30% over the past few months. A few leading lights, like Citigroup (C: NYSE) have nearly doubled that loss. Thanks to the broken banks, you can expect the Dow to double its losses too -- at minimum -- over the next few months. Adam Lass Senior Editor, WaveStrength Options Weekly
|
||||||||
| < Prev | Next > |
|---|
