CHESSNOID

Random Noid Musings

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AIG bankrupt-Bailed out-now bankrupt again? Fraud?

AIG is one of the companies I felt were cooking their books way before their bailout or bankruptcy.  Just like a bunch of other companies who were forecasting profits then would announce massive losses.  They would forecast that everything is fine and that next quarter they would be back. Next quarter would come and they [...]

Stock Market Bounce

Tomorrow will be a good start for the stock market according to the futures.  The numbers right now are substantially up:

Dow

+251.00

+2.83%

9,105.00

NASDAQ

+30.75

+2.38%

1,324.75

S&P

+26.10

+2.82%

953.10

At the end of yesterday, the DOW gave back over 300 points to close in the red. Tomorrow we should get a nice bounce up. It’s only Thursday and I think everyone has [...]

Obamamedia infomercial

Obama paid $3 million for a half hour infomercial on prime time on a few stations. According to the NYTimes:
The program is to be shown on NBC, CBS, Fox, Univision, MSNBC and two cable networks that cater to African-Americans, BET and TV One. Ross Perot, the last presidential candidate to run similar programming, broadcast [...]

The DOW refuses to have 2 days up in a row

Yesterday, we had an over 10% gain in all the stock market indexes.  If you look at the historical data for the DOW for this month, you will notice there haven’t been 2 up days in a row.  Going into today’s trading session, I was certain it would be up since the Fed was announcing [...]