By Bob Stokes
7/27/2011 5:15:00 PM
A few who take the first "bath" realize that it's time to get out. But many "hang on" all the down. Some will try to catch the bottom -- repeatedly. But to their dismay, the price keeps falling...
Filed Under: buy and hold, Citigroup, Fannie Mae, mania, risk management, stock indexes, trading lessons
Category: Stocks
By Nico Isaac
1/18/2011 6:00:00 PM
Every day, the mainstream financial experts explain away fluctuations in stock market trends with some "fundamental factor" du jour, all of which boil down to this: good news causes a market to rise and bad news -- to fall. Case in point: The following string of recent headlines regarding two breaking news stories: First, lower-than-expected revenue reports from the third largest US bank, Citigroup. And second, health concerns surrounding the leave of absence from Apple Inc. chief executive Steve Jobs.
Filed Under: Campaign for Independent Thinking, Citigroup, market forecasts, Nasdaq Composite, S&P 500
Category: Stocks
What Perma-Bulls Never Tell You
"Here Lies a Once Thriving Company" -- so say a long row of corporate tombstones.
By Bob Stokes
4/28/2010 1:30:00 PM
"No one ever tells you that in the history of this world, far more stocks have eventually gone to zero than have survived to the current day," wrote Elliott Wave International's president Robert Prechter once. Well-known examples in very recent history alone prove this.
Filed Under: General Motors (GM), Citigroup, Robert Prechter, conquer the crash
Category: Stocks
By Nico Isaac
4/6/2010 12:00:00 PM
I recently came across the following headline in the mainstream blogosphere: "Wall Street Falls Back In Love With IPO's." The attached article also contained this juicy tidbit: "The fundamental driver of an IPO is the business prospects of a company." Not so. The stock offerings of late are not being driven by healthy growth prospects and soaring bottom lines.
Filed Under: Citigroup, Federal Deposit Insurance Corporation (FDIC)
Category: U.S. Economy
By Nico Isaac
9/15/2009 11:30:00 AM
This day -- September 15, 2009 -- marks the one-year anniversary of Lehman Brothers' collapse, the largest bankruptcy in U.S. history. More than "one for the history books," this event goes down as the "weekend Wall Street died" and re-emerged as Zombieland -- the bleak home to once booming financial firms gone bust, feeding off the lifeblood of federal bailout money.
Filed Under: credit crisis, Citigroup, Wall Street
Category: U.S. Economy
By Nico Isaac
3/9/2009 5:15:00 PM
Last week saw another nauseating milestone in the ongoing economic crisis. The price for one share of Citigroup is now the same as a McChicken sandwich: A buck and some change. For many, it's the ultimate wake-up call. But what about hearing said "call" before the ALARM bells went off?
Filed Under: Citigroup, Federal Deposit Insurance Corporation (FDIC)
Category: U.S. Economy
By Bill Fox, Senior Bonds Analyst
10/6/2008 3:15:00 PM
The Wachovia board gave Citibank the shaft, and now Citibank is crying tortuous interference. Good luck with that one. With all that has gone on the past several weeks, is there really a judge out there who will force Wachovia to re-enter a buyout that leaves taxpayers vulnerable to potentially billions in losses and leaves bondholders out in the cold? More...
Filed Under: Citigroup, U.S. Treasuries, deflation
Category: U.S. Economy
By Nico Isaac
9/29/2008 5:30:00 PM
At this point, the federal government should rename their plan for fixing the U.S. economic crisis to -- the “Weekend At Bernie’s” Bailout. Under this system, Fed chairman Ben Bernanke pretends the leading financial giants are still alive by propping them up with a multi-TRILLION-dollar back brace.
Filed Under: bailouts, bailouts, Citigroup, Dow Jones Industrial Average (DJIA)
Category: U.S. Economy
U.S. Banks Refuse A Lending Hand
Could anyone have foreseen the banks' push for tighter lending standards?
By Nico Isaac
7/28/2008 6:30:00 PM
In times of panic, a drowning man will often pull his rescuer down under water with him. So it goes, one of the most dangerous threats to a Lifeguard’s safety is the very person they are trying to save. Sometimes… the choice must be made to let go. For the U.S. financial sector, that time is now...
Filed Under: Citigroup, Merrill Lynch, AIG
Category: U.S. Economy
By Nico Isaac
5/30/2008 3:45:00 PM
The bleak, nail-biting drama known as “The Tempest… In the U.S. Credit Market” has played out as one terrible scene after another: The once formidable Titans of Finance fell from an over-leveraged grace, triggering $300 billion in write downs, massive layoffs, losses, government bailouts, record-high foreclosures, and pretty much every economic setback around.
Filed Under: credit crisis, Citigroup, Bear Stearns
Category: U.S. Economy
By Nico Isaac
5/19/2008 5:45:00 PM
The bleak, nail-biting drama known as “The Tempest… In the U.S. Credit Market” has played out as one terrible scene after another: The once formidable Titans of Finance fell from an over-leveraged grace, triggering $300 billion in write downs, massive layoffs, losses, government bailouts, record-high foreclosures, and pretty much every variety of economic setback...
Filed Under: foreclosures, bailouts, Bear Stearns, Citigroup
Category: U.S. Economy
By Nico Isaac
4/23/2008 3:30:00 PM
In case you were wondering: You haven’t gotten taller over the last month. The financial sky is just falling in. Which begs the question: Why have gold prices been going down?
Filed Under: gold futures, crude oil, Citigroup, credit crisis
Category: Gold and Silver
By Susan C. Walker
4/22/2008 4:15:00 PM
Citigroup and Merrill Lynch use good old smoke and mirrors -- otherwise known as modern-day accounting -- to delay losses on their income statements. But there's a much clearer picture and forecast from The Elliott Wave Financial Forecast.
Filed Under: Citigroup, Merrill Lynch
Category: Stocks
By Nico Isaac
4/21/2008 4:15:00 PM
Regarding the question raised by today’s headline, “Do Stocks Reflect The Economy?” -- the one-word answer is NO. The cornerstone of conventional economic wisdom is pure baloney.
Filed Under: Wall Street, crude oil, housing prices, Citigroup, Dow Jones Industrial Average (DJIA), conquer the crash
Category: Stocks
No Country For Old Mania
How much did has the marketplace lost in the "coin toss" of high-risk mortgages? Try $400 billion and counting
By Nico Isaac
2/26/2008 4:15:00 PM
The hunt for the guilty parties responsible for the housing and credit blood bath has begun as the world's largest economy has become No Country For Old bull market mania. Truth be told, the subprime mortgage industry was a marked man the moment it went mainstream, a fate our March 2005 Elliott Wave Financial Foreacst saw coming from miles away...
Filed Under: mania, Citigroup, Goldman Sachs
Category: U.S. Economy