16Jan/080
US Economy Loses Ground
Posted on Jan 16th, 2008 @ 1:16 am by CY
The whole market is down at the moment. It is not just individual stocks, it is the whole market. As mentioned last week, Goldman Sachs sees US recession in 2008. The root cause of this is the Subprime Crisis in summer 2007, which leads to the housing downturn. This had indirectly affected most of the [...]
Tagged as: cheap, citigroup, consumer spending, decline, down, Economy, goldman sachs, housing, intel, loss, market, recession, retail, shaky, subprime, uncertainty, us, volatility14Jan/080
IBM Lifts Tech Stocks
Posted on Jan 14th, 2008 @ 11:32 am by CY
Most of the tech stocks were up today because IBM pre-announced strong 4th quarter results that will be released on Jan. 17. Earnings are 24% higher compared to a year ago, and revenues are beating analyst estimates. IBM said the weaker dollar helped to increase the company’s revenue by 10%. On the other hand, many retail [...]
Tagged as: decline, ibm, sears, strong revenues, tech, weaker dollar