Is the U.S. economy beginning a recession, or are we merely experiencing a correction? Is a bear market on the way for 2008? How much longer will the subprime crisis linger? These questions and plenty more are being asked daily, and assuredly someone somewhere has the answer, but who? What is for sure, is that […]
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Merrill Lynch has just published its annual “Thanksgiving Index” which uses the typical holiday foods and travel expenses to judge how the price of the holiday has increased or decreased relative to the previous year. The index takes items like turkey, potatoes, cranberries, pumpkin pies, gasoline, hotels, and airline tickets and uses them to […]
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After a painful week that saw the Dow drop briefly below the 13,000 mark, stocks came back with a vengeance on Tuesday. Chinese ADSs, banks, emerging markets, technology–you name it–last week it was down. The bulls finally broke through, shooting the Dow up 2.5%, over 300 points for the day. Among the big winners from […]
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Visa has announced that it has filed for IPO with the SEC, in the hopes of raising $10 billion, the company recently stated. Just exactly when this is to take place is still being decided, but an AP article, states that it should be sometime early next year. Visa is the world’s largest credit card […]
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Monday morning in Asia saw a bit of history made, as Petrochina finally went public on the Chinese mainland to huge success. The company’s shares tripled during trading, enough to value the company at over $1 trillion–the first company to reach that milestone. By hitting that valuation, PTR was worth more than the […]
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