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Martin Hutchinson: It recently came out that a $1.2 billion derivatives portfolio that Goldman Sachs Group Inc. (NYSE:GS) managed for the Libyan government lost 98.5% of its value between 2004 and June 2010. Read more…
Martin Hutchinson: There was a time when bank stocks actually looked like good investments. And many, having racked up big gains over the past two years, proved to be just that. Read more…
David Zeiler: While investors in the United States have been preoccupied with the debt-ceiling crisis and volatile stock markets, the European Union debt crisis has worsened. Read more…
Keith Fitz-Gerald: According to the Bloomberg News, the recent sell-off has scraped a staggering $3 trillion from U.S. markets and a whopping $8 trillion from global markets between July 22 and Monday of this week. Read more…
Jon D. Markman: Last week’s stock market decline was largely the product of geopolitical events ranging from the debt-ceiling impasse and rating agency warnings to new Italian and Greek sovereign debt troubles. Read more…
David Zeiler: Flat or falling revenue will plague major bank earnings as second-quarter results are reported this week – delivering yet another blow to battered financial stocks. Read more…
Jon D. Markman: With stocks down for the sixth straight week, we need to start looking at where we might expect to see the summer market lows. Read more…
Kerri Shannon: Commodities have surged in the past year as investors sought inflation protection, economic recovery picked up, and middle class growth from emerging economies pushed Read more…
Money Morning Staff: After a wild first quarter that included unrest in Egypt, Libya and Saudi Arabia, a spike in oil and gasoline prices, an apparent acceleration of inflation and continued Read more…
Shares of the Financial Select Sector SPDR exchange-traded fund (NYSE: XLF) , which tracks the financial stocks of the Standard & Poor’s 500 Index, closed down 1.56%. The announcement of the Read more…
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