Word: bankses
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Financial stocks - banks, brokers, asset managers - led the stock market down earlier this year, and almost left the stage as many shares sank into single digits. In recent weeks, however, the group has reversed course, rallying strongly, and even led the market to a robust gain on Monday, with the...
Banks are still full of bad news. Why are the stocks showing such strength? We've seen unprecedented liquidity being put to work in the U.S. on behalf of financials, so it was only going to be a matter of time before banks started to rise. Also, many investors have...
Still, bullish investors see little downside in commodities, although returns may not come overnight. Some consider commodities a hedge against another looming threat: inflation. If loose monetary policies implemented by central banks to stimulate growth eventually spark inflation, commodity prices might escalate rapidly. "If the world economy is going to...
Here's the not-so-bad news: We are nearing a bottom. Housing prices are falling, but not as rapidly. Consumer confidence is up. Banks are earning money. The stock market in April had its best month in nine years. Even Nouriel Roubini, the New York University professor known for...
For All You Baseball and Opera Buffs. In Cooperstown, NY - home to the National Baseball Hall of Fame and the Glimmerglass Opera - the four-star Otesaga Resort Hotel, located right on the banks of Lake Otsego is celebrating its 100th season. Like Mohonk, the resort is serving up special dishes...