Charting Stocks

What a wild ride these past few weeks have been. Only a month or so ago the Dow Jones Industrial Average traded down to 6,500 amid an onslaught of catastrophic economic news. The market has since rallied 25% from its low with insolvent banks such as Citigroup and Bank of America quadrupling in value. Jim [...]

Tribune Co. may be filing for Chapter 11 Bankruptcy next week, as advertising revenues tumbled.The company has $1.5 billion due in interest payments on debt due over the next 8 months and won’t have the cash to make good. Tribune has hired Lazard to prepare the bankruptcy filings.
Tribune has been in trouble for a while. [...]