Word: stock-market
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...financials may have a couple more months of relative strength as portfolios readjust, but when might banks and brokers reemerge as stock-market leaders? Before financials can emerge in a leadership position we will need to see some semblance of very stern regulation in the financial field, which will signal to investors that financial companies are clean - at that point they may even be overregulated. Also, between 2001 and 2007 financials added a bunch of capacity, and that needs to recede, through consolidation or simply going out of business. That's still a few years...
...pictures of the stock-market crash...
...That's far less than the $7 billion stock-market valuation Satyam, India's fourth-largest I.T. company, once enjoyed before the scandal. In January, Satyam founder and chairman B. Ramalinga Raju confessed that accounts at had been fudged for years and that assets and profits to the tune of $1.6 billion did not exist. The government subsequently stepped in, appointing a board of directors to try to stabilize Satyam until a buyer could be found...
...only I'd listened to CNBC, I'd have $1 million today--provided I had started with $100 million.' JON STEWART, Daily Show host, lampooning the business network through a video montage of bad stock-market predictions made by CNBC analysts...
...enough to nurse our nation's biggest banks and financial markets back to health? It's not clear. The plan leaves out tens of billions of dollars in bonds that were never AAA-rated and were hard to sell even in good times. The plan triggered a strongly positive stock-market reaction on Monday, when the Dow Jones industrials soared nearly 500 points. On Tuesday the market slipped 1.5%, as doubts about a speedy bank recovery began to take shape...