According to CNN, yesterday was the 7th most horrible day in the stock market. The Dow index went down 635 points (or 5.55%), while the S&P went down 80 points (or 6.67%) The most affected sector was the financial sector, where stocks such as BAC and C...
For the first time in nearly 2 years, Citigroup's (NYSE:C) market capitalization is now below $100 billion, thus reducing the number of US listed banks (note: US listed banks are not the same as US banks) that have a market cap over $100 billion to just...
If you are long on Bank of America Corp (NYSE:BAC), then you're probably in panic mode at the moment. The stock has shed almost 40% of its value since the beginning of the year (the stock has lost $2 of its value in since the beginning of July!). Take a...
August 6, 2011 | In: Lists
I've only traded stocks in either the NYSE or the NASDAQ markets. I've never traded any stock in the AMEX stock exchange, partly because the stock prices are delayed even on my broker's website (I'm not sure they still are). Another reason that I've never...
I was just checking C this morning in the wake of yesterday's horrors. It is trading at a one year low (of course, after taking the reverse split back in May into consideration) of $34.81 (that's only $3.48 before the reverse split). The stock right now...
I'm sure you've already heard about the bloodbath yesterday on Wall Street. The Dow was down 4.31% and the S&P 500 was down 4.78%. The market is obviously in panic mode. I think at this point, it would be interesting to know how much money the stock...
August 4, 2011 | In: Lists
After my previous post on the stocks making up the Dow, I have decided to create another post which lists the stocks that make up the S&P 500. Obviously, as the name implies, there are 500 stocks that make up the S&P 500 (one of them is now...
I know that this post has nothing to do with stocks, but I think that many MBA candidates will benefit from it, and that's why I'm publishing it on my website.
When you want to apply for an MBA, you are asked for a statement of purpose, here's what...
I see him everyday, he looks sadder and sadder, yet still hopeful, he checks Google finance to see RIMM's latest price, he then logs in to his investor's account, maybe Google is wrong. To his horror, Google is right, RIMM has reached another new...
August 1, 2011 | In: Lists
The Dow Jones Industrial Average, as most investors now, is an index that depends on the performance of 30 "Blue Chip" stocks. So what are these stocks? In order to answer this question, I have decided to compile a list of all the companies (or stocks)...