Online Trading and Investing Journal

Stocks may already be pricing in a recession, but they haven’t priced in a very deep one. If this week’s data on the job market and manufacturing are worse than Wall Street is anticipating, investors should not be surprised to see another tumble.
To be sure, the stock market is usually pretty adept at sizing up […]

The U.S. economy nearly sputtered out at the end of the year and probably is faring even worse now amid continuing housing, credit and financial woes.
The Commerce Department reported on Thursday that the gross domestic product or GDP, increased at a feeble 0.6 percent annual rate from October through December. The reading, unchanged from a […]

If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up regulation, Treasury Secretary Henry Paulson declared on Wednesday.
The demise of once-mighty Bear Stearns proves “the world has changed”, underscoring a need for the government to adapt, too, he said.
The Bush administration will soon put […]

The Bill and Melinda Gates Foundation Trust plans to sell nearly half its stake in Warren Buffett’s Berkshire Hathaway Inc. in order to comply with federal tax rules, according to a filing with the Securities and Exchange Commission on Thursday.
According to the filing, the trust has adopted a trading plan to sell 550,000 Class B […]

Stocks pulled back sharply on Wednesday, erasing most of the previous session’s big gains as investors grew concerned about the possibility that banks remain vulnerable to further problems from soured debt. The Dow Jones Industrial Average fell nearly 300 points after rising 420 on Tuesday.
Some retrenchment was to be expected after the previous day’s huge […]