Visa IPO
Visa started trading on the NYSE on Wednesday, March 19. Visa IPO is considered the largest IPO in US history, with 406 million shares sold at $44 per share, raising $17.9 billion USD. Perhaps Visa is the popular credit card in the world, as its universal acceptance is greater than that of MasterCard and American Express.
Tagged as: american express, bank of america, convenience, credit, growth, ipo, mastercard, nyse, paperless, universal, visaGold $1000/oz; Oil $110/barrel
With the US dollar falling, Gold rising above $1000, and oil going further $110, it tells a lot about the current state of the economy. A lot of the smart money have been moved into commodities. It seems the situation is not improving even when the Fed injected $200 billion US dollars into the credit market on Tuesday. IMO, the Fed Reserve [...]
Tagged as: commodities, credit, dollar, Economy, falling, gold, oil, ratesAnother Bad Day on the Stock Market
Lately the stock market is not doing too well. The US economy is struggling due to its weak currency, housing woes, and subprime credit problems. Many of the stocks lost a lot of value and they became very cheap right now. If you think about it, now it may be better to go short rather of [...]
Tagged as: cheap, countrywide, credit, etrade, housing, market, recover, short, subprime, weak currency