Posted by admin on May 17th, 2008
Citigroup swung to a huge loss in the first quarter, hurt in part by poor performance and write-downs at its alternative investments business.
The losses at Citi Alternative Investments were a relative drop in the $5.1 billion bucket of red ink: the group recorded “negative revenue†of $358 million “on sharply lower proprietary revenues†and $212 [...]
Posted by admin on March 13th, 2008
Time to Bury China Myth on Decoupled Economies: John F. Wasik
Commentary by John F. Wasik
March 3 (Bloomberg) — Theres a story about global markets
that goes like this: The U.S. and Chinese economies are so
different that their stock-market performances cant possibly
move [...]
Posted by admin on March 6th, 2008
A survey 12 months ago of 80 stock market strategists by BusinessWeek predicted, on average, that the Dow Jones industrial average would end 2007 at 13,155. The Dow, which fell 101.05 on Monday, did slightly better, ending at 13,264.82, up 6.4 percent for the year. [...]
