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Though you cannot hold on permanently, cost-averaging can help. Recently, a friend of mine asked, "How on Earth does one find stocks that have the potential to go triple (3x) or quadruple (4x) in this market?" There is both a difficult and an easy answer to this question.
(AP:WASHINGTON) President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock market soared on the news.
(AP:NEW YORK) Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession.
Citigroup Inc Chief Executive Officer Vikram Pandit told employees he doesn’t plan to break up the company, aiming to reassure workers as the stock resumed a skid that has erased more than half its value in three days.
Just before Diwali early this month, Samsung handed its employees the customary bonus as well as gifts. Top performers received a double bonus. The 4,000 men and women on the company’s rolls can now be found talking excitedly about the annual increment they expect in March next year.
Wall Street staged a comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points. The late afternoon rally ended another volatile week that saw stocks reach six-year lows.
President-elect Barack Obama has moved with unusual speed to select officials for his administration, and senior Democratic officials say he intends to name Timothy Geithner, the president of the New York Federal Reserve, as his treasury secretary as soon as Monday.
Assuring the investors that there is no evidence of manipulation in the stock markets, Sebi Chairman C B Bhave today said that retail as well as some foreign investors are actually picking up stocks at current levels.
Even after a late-day rally on Friday, the benchmark Standard & Poor's 500 index has plunged 20 percent since the election. That more than wiped out the index's 18 percent gain in the six trading days ahead of the balloting as optimism grew that Barack Obama would be elected president. Advertisement: KELLY'S BAR HAPPY HOUR 9 a.m. - 6:30 p.m. That's right, 9 a.m. to 6:30 p.m. Happy ...
Betting against bank stocks may soon become much riskier.
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