As we predicted, the stock market is starting to correct the sell-off that it experienced last week. GM posted a profit over $800 million, showing that their re-structuring plan is working. Also, Consumer Confidence is at a 6 year high. Thanks to a drop in the price at the pump of gas ($.17 drop in […]
Thanks to another lackluster housing report, the Dow plummeted more than 400 points today. Although some of that has been gained back in mid-afternoon trading, it seems that the Dow will once again have another major loss. Just days ago, it recorded a loss of about 200 points. With the Dow so close to breaking […]
The Dow has yet to close above 14,000 points. There was speculation that today might be the day, but with the Dow opening and seeing a huge loss over 100 points, the goal of 14k is now a little more distant. The Dow has reached records though, being pushed above 14,000 points several times in […]
As the end of the trading day draws near, it appears that the Dow will set another record by closing above 14,000 points for the first time ever. We would like to remind people that this is almost twice the value that the Dow was just a few years ago, after the Clinton Administration led […]
The Dow crossed 14,000 points today for the first time, and is seeing larger than expected gains in the morning. The Dow is already up over 48 points, hovering at the 14k mark. Merrill Lynch, the nations largest brokerage, is said to have helped push the Dow up by giving its 2nd quarter profits, which […]
Thanks to a Blue Chips deal involving Verizon, the Dow was pushed to a new record today…It closed at 13.950.58, after reaching a high only 11 points shy of the 14k mark. Look for us to be one of the first to publish news if the Dow does break the 14k mark!
After a short break to update several sites, we are back up and running. There has been mixed news lately in the investment world, with the most recent coming today with a huge sell-off thanks to more mortgage fears in the already slumping housing market. On the other hand, the Bush Administration is set to […]