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Understanding cyclical stocks
Published November 22, 2008, 10:50 am, Business Standard India
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.
Officials: Obama plans to tap Geithner at Treasury
Published November 22, 2008, 10:48 am, INO News
(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.
Investor fear remains deep despite one-day rally
Published November 22, 2008, 10:48 am, INO 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.
Citi board to mull alliances, asset sale
Published November 22, 2008, 10:48 am, Business Standard India
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.
Pay panel keeps LG, Samsung in bonus mode
Published November 22, 2008, 10:47 am, Business Standard India
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.
Market stages comeback
Published November 22, 2008, 10:46 am, The Record
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.
Obama plans to tap Fed official at Treasury
Published November 22, 2008, 10:45 am, Business Standard India
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.
No evidence of manipulation in stock markets: Bhave
Published November 22, 2008, 10:44 am, Business Standard India
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.
Investors wary after 'slow-motion crash' burns them
Published November 22, 2008, 10:42 am, Grand Forks Herald
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 ...
Geithner could slow bank-stock assault
Published November 22, 2008, 10:38 am, CNN Money
Betting against bank stocks may soon become much riskier.
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