The S&P 500 is down 7.50% as of market close today (April 6,2009). The worst performing sectors is the financials at 24.7% and the best performing sector is IT with a return of 9.98%. Traditional defensive sectors such as utilities and consumer staples are down 11.11% and 8.25% respectively year-to-date. The current bear market is …
1.Billionaire George Soros said the change to fair-value accounting rules will keep troubled banks in business, stalling a recovery of the U.S. economy.“This is part of the muddling through scenario where we are going to keep zombie banks alive,†Soros, 78, said today in an interview with Bloomberg Television. “It’s going to sap the energies …
Continue reading ‘Knowledge is Power: Zombie Banks Edition’ »
In this post lets take to a look at the performance of the five large Canadian bank stocks and a select few ETFs using charts. This does not involve a deep technical analysis but just a simple review of these charts and making some observations. 1.Performance of five Canadian banks over the past 2 years: …
Continue reading ‘Review: Canadian Banks and Select ETFs Performance using Charts’ »
1.Job seekers are flocking to the once have-not province, now enjoying its bright time in the sun.Ontarians head west to ‘Saskaboom’ 2. Monitor of bailout plan wants executives from Citigroup and AIG to be axed in damning report.American watchdog calls for sacking of financial bosses 3.The G-20 has agreed on plans to fight the global …
Continue reading ‘Knowledge is Power: Bill Gross Investment Outlook Edition’ »
The Capital Gains Tax Rate in USA is unfavorable for economic growth when compared with other major economies in the world, as per a report published by the American Council for Capital Formation (ACCF), based in Washington,DC. More specifically the study was based on the long-term capital gains tax rates for individuals. More than half …
Continue reading ‘International Capital Gains Tax Rate Comparison: Where Does The US Stand?’ »