The Royal Bank of Scotland Group (RBS) started trading on the NYSE in late 2007. Since then the stock has been as disaster for investors. The global financial crisis crushed RBS. But while other global banks have recovered since then RBS stock continues to be dead money. The long-term chart below shows the disaster that …
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The S&P 500 closed at a record 2,000 yesterday. The index first crossed that milestone the day before. The following quote from The Heard on the Street column in The Wall Street Journal puts this figure in perspective: As Howard Silverblatt of S&P Dow Jones Indices points out, it has taken 16 years for the benchmark …
Continue reading ‘S&P 500 Index Calendar-Year Returns and Market Corrections 1980–2013’ »
The Global Finance magazine published the second annual Global Cash 25 ranking last month. This ranking is based on the cash and cash equivalents held by public companies on their balance sheets. The 25 companies were selected from a list of 70,000 listed companies worldwide. The Top 25 Global Public Companies by Cash on Balance Sheet are …
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The S&P 500 is up by just over 9.0% year-to-date. The MICEX Index, the benchmark of the Russian equity market is basically flat year-to-date. One of the indices on the Moscow Stock Exchange is the Blue Chip Index. Here is the description of the index from the exchange site: Moscow Exchange Blue Chip Index is an indicator of the …
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The Australian economy has performed relatively well among the developed economies. In fact, Australia escaped largely unscathed during the global financial crisis of 2008-09 when Europe and the U.S. economies went into a tailspin. According to a report by J.P.Morgan Australia has avoided recession for 23 years even beating the performance of The Netherlands. Australia’s economy has had positive …