The Powershares SKF is one of the new tracking stocks. This one is two times levered short the financials, which means that its movement is twice that of the financial index in a reciprocal...
It appears that consumers who held their money in trusts are facing some confusion at Indymac. This includes missing balances as well as non-paid interest. It serves as a reminder to make sure...
If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
The tremors of the housing market and credit credit crisis hit another type of investment this week, the auction rate security market. The Wall Street Journal and several other business magazines...
recently received a reader question asking me which high yield online savings account is better - HSBC or ING Direct? I had previously written about the appropriate use of high yield savings...
Usually an acquisition makes some sense of some level to someone. The Roche offer to acquire the 44% of Genentech that it doesn't already own makes none at all. Here is why it is illogical....
The sub-prime crisis and the credit crunch were about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold...
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