Archive for March, 2011

Republicans Never Change

Tuesday, March 15th, 2011

All the efforts made to enact the Dodd-Frank bill last year are being undermined by the Republicans this year. But the pieces of the legislation they want to repeal are the exact problems that caused hundreds of thousands of small investors to be scammed in 2008. (more…)

Dow Breaks Below Its 50 Day Moving Average

Tuesday, March 15th, 2011

The Dow has not dipped below its 50 day moving average due to the Japanese earthquake disaster.
Since its high in February at 12,400, the Dow has continued to drop down. (more…)

Nasdaq Makes a Hostile Bid For the New York Stock Exchange

Tuesday, March 15th, 2011

Nasdaq is making a hostile bid for the NYSE Euronext (NYX.N) to keep the NYSE in America. The Wall Street Journal reported on Monday that the offer is coming. (more…)

General Electric Hit by Japanese Meltdown

Tuesday, March 15th, 2011

General Electric Co. shares fell 9% with Japan’s Fukushima Daiichi nuclear power plant meltdown. Here’s the problem, and how GE may be culpable. GE designed the plant’s reactors. According to Japanese Prime Minister Naoto Kan., there has been a “substantial” radiation leak. The Wall Street Journal stated that GE is ready to give technical assistant to the Japanese government and has has engineers on standby in a Wilmington, N.C., command center. (more…)

Why The SEC Went After Gupta

Monday, March 14th, 2011

Securities and Exchange Commission (SEC) went ahead with its insider trading case against Rajat Gupta. Why? Because of his status as a sitting board member on several public companies. (more…)