Posts Tagged ‘wall street’
CIA Recuiting Wall St Bankers
Thursday, June 18, 2009 19:01 No CommentsInteresting post from Reuters
Laid off from Wall Street? The CIA wants you — as long as you can pass a lie detector test and show that you are motivated by service to your country rather than your wallet.
The Central Intelligence Agency has been advertising for recruits and will be holding interviews on June 22 at [...]
California will be broke in days
Tuesday, June 2, 2009 20:08 1 CommentCalifornia Governor Arnold Schwarzenegger told lawmakers at the Capitol that “California’s day of reckoning is here.” Without any action, the state will run out of money in 14 days. Three months after the state budget was approved, California faces a $24 billion deficit (er that’s on a 90+ billion budget).
Great Depression Video’s
Monday, March 9, 2009 20:02 3 Comments1929 Wall Street Stock Market Crash
Note: The shoe shine story was about Joseph Kennedy not Bernard Baruch.
Richard Whitney, President of the New York Stock Exchange peddling fear. National Securities Exchange Act will destroy the stock market and capital.
Nouriel Roubini: Nationalize the Banks
Saturday, February 21, 2009 15:50 2 CommentsFamed economist Nouriel Roubini comes out in support of ChartingStocks.net’s theory and says Nationalize the banks (OK I made the first part up).
In an interview with Tunku Varadarajan of the Wall Street Journal, Mr. Roubini says that bank nationalization “is something the partisans would have regarded as anathema a few weeks ago. But when I [...]
Dow Breaks November Lows; Triggers Fresh Dow Theory Sell Signal
Thursday, February 19, 2009 22:03 5 CommentsThe Dow Jones Industrial Average breached its November low, closing below 7500 for the first time since October 2002.
In only 18 months, the index has given back all of the gains achieved over the previous 5 years.
The chart below shows the index taking out the 2002 lows, but keep in mind that this is a [...]
U.S. jobless claims surge to 26 Year High
Thursday, February 5, 2009 7:42 2 CommentsFirst-time claims for state unemployment benefits spiked last week to 626,000, the highest level in over 26 years. The number rose by 35,000 from the previous week.
The number is sharply above Wall Street’s expectations of 580,000. 2009 Should may to be a record year for job losses.
Forecast 2009: There Will Be Blood
Tuesday, February 3, 2009 21:00 49 Comments2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]
Bank of America cutting 35,000 Jobs; Should They be Allowed to?
Thursday, December 11, 2008 16:08 1 CommentBank of America has announced its plans to cut 30,000 to 35,000 jobs over the next 3 years. The reductions reflect it’s upcoming acquisition of Merrill Lynch and the “weak” economy.
Should Bank of America be allowed to layoff 35,000 workers?
I know the question would anger some free market economists but let’s remember that [...]
Top 10 Economic Predictions & Forecasters for 2008
Saturday, November 29, 2008 15:19 12 CommentsWe’re naming names! Below are our picks for the best economic forecasters for 2008.
#1 Nouriel Roubini
Professor of Economics at New York University
Chairman, RGE Moniter
Website: www.rgemonitor.com
In his words: (2007) “With residential investment still in free fall, commercial real estate still doing fine until recently but now showing signs of strain, capex spending by the corporate sectors [...]
Review of 2008 Predictions a la Wall Street’s “Finest”
Tuesday, November 25, 2008 21:35 No CommentsAs of 01/02/2008 the the year price target on the S&P 500 set by the Chief Investment Strategists at the major investment banks are as follows:
Strategist Year End Price Target
Citigroup 1675
HSBC 1700
Credit Suisse 1650
Bank of America 1625
UBS 1700
Morgan Stanley 1525
Bear Stearns 1700
Goldman Sachs 1675
JP Morgan 1590
Lehman Brothers 1630
Wachovia 1590
Merrill Lynch 1525
Average 1632
Average [...]





















