The news are getting worse and worse as the minor wave 3 is coming to an end. More and more companies are reporting losses, reduced profit (by a significant amount) and of course the bad news of a lot of us worker bees, lay offs. Price of crude oil is coming down below US$70/barrel and [...]
Huge drop in the stock market, most commodities (yes, crude oil too) and the rest of the world as well. Stock exchange in Russia, Iceland, and Indonesia suspended trading for a few days or a full trading week during the turmoil. With the rapid drop of price and rapid rising of pessimism, it is not [...]
The US bailout plan was finally signed on Friday. It remains to be seen how strong this will boost general public confidence on the financial system, which in turns affect the stock market. The stock market structure is again at another juncture where a short term (maybe swift) rally may happen as early as monday, [...]