Chinese 'Elephant Man'
Am I wrong for laughing?
Saturday, March 7, 2009
Friday, March 6, 2009
Thursday, March 5, 2009
Wednesday, March 4, 2009
Tuesday, March 3, 2009
Wall Street Is F***D UP!
Wall Street drifts lower a day after massive drop
Investors ended an early rally and began selling on Wall Street Tuesday as Federal Reserve Chairman Ben Bernanke told Congress an economic recovery depends on the government's ability to stabilize weak financial markets.
Bernanke's comments came as the central bank announced it would begin lending up to $200 billion initially to spur consumer and small business borrowing for autos, education, credit cards and other expenses. The Fed first announced the plan late last year and investors have been eager for details on how it would work.
The effectiveness of a series of moves by the Fed, the Treasury Department and other agencies to calm markets "will be critical determinants of the timing and strength of the recovery," Bernanke told the Senate Budget Committee.
With investors focused on Bernanke, they had little reaction to a weaker-than-expected report from the National Association of Realtors that pending U.S. home sales sank to a record low in January. The trade group said its seasonally adjusted index of pending sales for previously owned homes fell 7.7 percent to 80.4. Economists expected a reading of 85.1, according to Thomson Reuters.
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Wall Street remained on edge a day after the Dow Jones industrial average plunged far below the 7,000 mark to end at 6,763 _ the lowest close for the Dow since April 25, 1997. The Dow's 300-point drop Monday leaves the index more than 52 percent below its record high of 14,164.53 set in October 2007.
In late morning trading Tuesday, the Dow fell 35.20, or 0.5 percent, to 6,728.09.
Broader stock indicators also fell. The Standard & Poor's 500 index fell 5.74, or 0.8 percent, to 695.08. The index briefly traded below the psychological benchmark of 700 Monday before closing at that level; it last closed below 700 on Oct. 28, 1996, when it finished at 697.26.
The Nasdaq composite index fell 3.95, or 0.3 percent, to 1,318.90.
The Russell 2000 index of smaller companies fell 5.49, or 1.5 percent, to 362.31.
Declining issues outnumbered advancers by about 2 to 1 on the New York Stock Exchange, where volume came to 537.2 million shares.
Stocks often rebound after heavy selling as bargain-hunters emerge to snap up pummeled stocks. But early buying gave way to more selling Tuesday.
Another government bailout of American International Group Inc., a disappointing profit drop at the European bank HSBC PLC, and a pessimistic economic outlook from billionaire investor Warren Buffett triggered Monday's decline. The sell-off had been a long time coming, with investors worrying for months how far stocks could fall given the broken financial system and persistently weak global economy.
Monday's drop was understandable because AIG is not only a "confusing, complicated situation, but it seems like a black hole at the same time," said Jack A. Ablin, chief investment officer at Harris Private Bank. AIG posted a nearly $62 billion fourth-quarter loss even after getting a $150 billion loan from the government.
But, he added, many stocks are looking very cheap now.
In earnings news, auto parts retailer Auto Zone Inc. reported a better-than-expected quarterly profit. The stock rose $9.97, or 7.1 percent, to $150.00.
Bond insurer MBIA Inc. fell 16 cents, or 6.4 percent, to $2.34 after the company posted a loss.
Government bonds _ considered a safe haven when stocks are tumultuous _ were mostly lower. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.89 percent from 2.87 percent late Monday. The yield on the three-month T-bill, considered one of the safest investments, was flat at 0.27 percent from Monday.
The dollar was mostly lower against other major currencies, while gold prices fell.
Light, sweet crude rose 16 cents to $40.31 a barrel on the New York Mercantile Exchange.
In afternoon trading in Europe, Britain's FTSE 100 fell 2.42 percent, Germany's DAX index rose 0.50 percent, and France's CAC-40 fell 1.12 percent. Earlier, Japan's Nikkei stock average slipped 0.69 percent and Hong Kong's Hang Seng index fell 2.30 percent.
___
Investors ended an early rally and began selling on Wall Street Tuesday as Federal Reserve Chairman Ben Bernanke told Congress an economic recovery depends on the government's ability to stabilize weak financial markets.
Bernanke's comments came as the central bank announced it would begin lending up to $200 billion initially to spur consumer and small business borrowing for autos, education, credit cards and other expenses. The Fed first announced the plan late last year and investors have been eager for details on how it would work.
The effectiveness of a series of moves by the Fed, the Treasury Department and other agencies to calm markets "will be critical determinants of the timing and strength of the recovery," Bernanke told the Senate Budget Committee.
With investors focused on Bernanke, they had little reaction to a weaker-than-expected report from the National Association of Realtors that pending U.S. home sales sank to a record low in January. The trade group said its seasonally adjusted index of pending sales for previously owned homes fell 7.7 percent to 80.4. Economists expected a reading of 85.1, according to Thomson Reuters.
Out of Work ?
How a Laid off Dad Turned his Life around for less than $10 Bucks !
Roberts.com/blog
Google Makes Money
Learn How I make $5,000 every month with Google.
MikeMintsIt.com
United States Grants
Obamas New Stimulus Package Helps US Citizens Get Free Gov Grants.
www.IGotPaidStory.com
President Gave Me A Grant
Obama Is Giving Away 35 Billion In Grants. Read How I Got.
www.PresidentObamaGrants.com
Ads by Yahoo
Wall Street remained on edge a day after the Dow Jones industrial average plunged far below the 7,000 mark to end at 6,763 _ the lowest close for the Dow since April 25, 1997. The Dow's 300-point drop Monday leaves the index more than 52 percent below its record high of 14,164.53 set in October 2007.
In late morning trading Tuesday, the Dow fell 35.20, or 0.5 percent, to 6,728.09.
Broader stock indicators also fell. The Standard & Poor's 500 index fell 5.74, or 0.8 percent, to 695.08. The index briefly traded below the psychological benchmark of 700 Monday before closing at that level; it last closed below 700 on Oct. 28, 1996, when it finished at 697.26.
The Nasdaq composite index fell 3.95, or 0.3 percent, to 1,318.90.
The Russell 2000 index of smaller companies fell 5.49, or 1.5 percent, to 362.31.
Declining issues outnumbered advancers by about 2 to 1 on the New York Stock Exchange, where volume came to 537.2 million shares.
Stocks often rebound after heavy selling as bargain-hunters emerge to snap up pummeled stocks. But early buying gave way to more selling Tuesday.
Another government bailout of American International Group Inc., a disappointing profit drop at the European bank HSBC PLC, and a pessimistic economic outlook from billionaire investor Warren Buffett triggered Monday's decline. The sell-off had been a long time coming, with investors worrying for months how far stocks could fall given the broken financial system and persistently weak global economy.
Monday's drop was understandable because AIG is not only a "confusing, complicated situation, but it seems like a black hole at the same time," said Jack A. Ablin, chief investment officer at Harris Private Bank. AIG posted a nearly $62 billion fourth-quarter loss even after getting a $150 billion loan from the government.
But, he added, many stocks are looking very cheap now.
In earnings news, auto parts retailer Auto Zone Inc. reported a better-than-expected quarterly profit. The stock rose $9.97, or 7.1 percent, to $150.00.
Bond insurer MBIA Inc. fell 16 cents, or 6.4 percent, to $2.34 after the company posted a loss.
Government bonds _ considered a safe haven when stocks are tumultuous _ were mostly lower. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.89 percent from 2.87 percent late Monday. The yield on the three-month T-bill, considered one of the safest investments, was flat at 0.27 percent from Monday.
The dollar was mostly lower against other major currencies, while gold prices fell.
Light, sweet crude rose 16 cents to $40.31 a barrel on the New York Mercantile Exchange.
In afternoon trading in Europe, Britain's FTSE 100 fell 2.42 percent, Germany's DAX index rose 0.50 percent, and France's CAC-40 fell 1.12 percent. Earlier, Japan's Nikkei stock average slipped 0.69 percent and Hong Kong's Hang Seng index fell 2.30 percent.
___
Monday, March 2, 2009
ARTISTS GET YOUR PRESS KITS TODAY
Do you take your entertainment career seriously? Do you want to be taken seriously by the Majors? Well, having a competent, professional bio and or photos and press kit is mandatory. If you don’t have these essential materials to further your career, sad to say, but you are behind. Email ARICHMANENT@YAHOO.COM for information and rates. We can also arrange for an inexpensive photo shoot and to do your entire Press Kit.
Sunday, March 1, 2009
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