Cartoosh: Blog

Browsing Archive: May, 2009

"Not-So-Bad" Report Card

Posted by Cartoosh on Friday, May 15, 2009, In : Stock market 
stock market rally
As companies report their first quarter earnings, the school is sending home the first quarter report cards. Andy has got a "C", and is anxious about how his dad is going to react.

Turns out his dad works for Wall Street. Investors on Wall Street have been cheering about the corporate earnings for the past few weeks, not because the earnings were so good, but because the expectations were so low. Stocks rose, because all the bad earnings and economic data were seen as "not so bad" or "bet...
Continue reading ...
 

Chrysler Filed For Chapter 11

Posted by Cartoosh on Friday, May 1, 2009, In : Automobile 
Crysler Filed For Bankruptcy Protection card
4/30/2009

The Dow Jones Industrial Index gave up an early gain and closed a bit lower than yesterday, after learning that Chrysler - the nation's third-largest car manufacturer - filed for Chapter 11 bankruptcy protection in New York. Chrysler decided to take such an action, after a group of creditors - many of them hedge fund managers - walked out of the negotiation meeting last night defying government pressure to wipe out Chrysler's debt.

To calm the markets, President Obama said of Chrysle...
Continue reading ...
 
 

Get a Cartoosh's View' widget for your blog or website from About.

© Copyright 2010 Cartoosh.com All Rights Reserved.  





Make a Free Website with Yola.