The Next Shoe to Drop in Banking: An Options Strategy
The financial sector of the U.S. economy has had nearly a year to address the problems that exacerbated the crisis last fall. But many observers think that the banks haven’t done enough, and that another round of trouble may be developing for the sector. I will outline some of those concerns and then suggest some [...]
Obama to nominate Bernanke to 2nd term
OAK BLUFFS, Mass. (AP) — Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned Monday night.
Obama plans to make the announcement on Tuesday during a break from [...]
Microsoft (MSFT): 'Safe and strong'
“One way to protect yourself in a difficult market environment is to buy shares in low-risk, blue chip companies; one outstanding examples is Microsoft (NASDAQ: MSFT),” suggest Kuen Chan & David Sandell.
In The Complete Investor, they explain, “The company is safe, strong, and able to grow even in a weak economy. It also has more [...]
Bernanke optimistic economy will grow again soon
JACKSON, Wyo. (AP) — Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the economy is on the verge of growing again.
Speaking at an annual Fed conference, Bernanke acknowledged no missteps by the central bank in managing the worst crisis since the Great Depression. But he [...]
New AIG CEO says expects to repay taxpayers: report
NEW YORK (Reuters) – Robert Benmosche, the newly appointed chief executive officer of AIG (AIG.N: Quote, Profile, Research, Stock Buzz), says he expects the bailed-out insurer to be able to repay its federal debts and boost value for shareholders, according to a report by Bloomberg News.
“At the end of the day, we believe we will [...]