21,000 Jobs Erased in 1 Day

At least 21,000 jobs were targeted for elimination yesterday(Jan 16) as employers from Hertz Global Holdings Inc. to Advanced Micro Devices Inc. grappled with recession-choked demand...

Read more 21,000 Jobs ERASED..

Source: bloomberg.com/oshrat carmiel

Recovery expected for US stocks

The US stock market has risen about 20 percent from its climactic lows reached on Nov. 21 and “chances that we saw the bottom of the bear have increased because of the massive easing done by the Federal Reserve since then,” said Alfred Goldman, chief market strategist at Wachovia Securities…

Read more US stocks expected to recover


Source: Taipei times

Now, the Good News: Stocks Soar...for now

The US market advanced despite a report that consumer confidence plunged in October. Worried consumers are cutting back on spending and fearful of losing their jobs. They are similarly concerned about falling home and stock prices...

Read more Stocks Soar...for now


Source: news voa.com

Spotting Stock Market Bottom Is Tough

It is probably the most frequently asked question now spanning the globe: When will stock prices stop going down?

With the Dow Jones industrials at a fresh bear market low and down 41% from the peak, it's not surprising the "how low is low" chorus is growing louder.

Read more Spotting stock market bottom is tough


Source: usa today

Gloom Sends Markets Deep Into Red

In New York, the Dow Jones industrial average fell 4 per cent within minutes of opening.

Wall Street looked set to be heading for another substantial plunge as fears of a global recession and a wave of profit warnings stirred panic among investors and sent world financial markets into a tailspin.

Read more Gloom sends markets deep into red


Source:

$1 billion In Sales By Company Insiders Dumping Stock

When executives own big stakes in the companies they run, investors can rest a little more easily at night, knowing those managers have the shareholders’ best interests at heart.

Except when maybe they don’t....

Read more Insiders Dumping Stock


Source: naked capitalism

UPDATE: Banks Borrow $437.5 Billion Per Day From Fed

"The banking system is going to become addicted to this very cheap money. Unwinding it will be very difficult,"

Read more Banks borrow record $437.5 billion per day from Fed

Buffet Says: "I'm Buying US Stocks"

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," Buffett wrote in the paper...

Read more Buffett says he's buying U.S. stocks: report