Blog of ZAY
Here is an interesting snapshot for SDS for the past 12 months of the year: The closing price for SDS is way above the 200-day MA, hence indicating a strong buy signal. By adding in the volume factor, more interesting things happened, the interest of SDS is at its peak at the end of November, …
Well, not quite, there is still hope that the senate would bring it back to live some times later this week. However, the collapse of Wachovia, the bank that could be saved if the loan programs have approved earlier, as well as the plunge of the major index around the world, clearly indicated that this …
I was really thrilled to hear that the senate has finally approved the package to save the financial world. I am not sure how much the collapse of Washington Mutual would have made those senators feel that they finally need to do some work rather than arguing all over the place to maximize their political …
The past week is definitely one of the most turbulent times (if not the most) in the financial world since September 11, 2001. With Lehman lawyers rushed to file for bankruptcy and Merill Lynch acquired by Bank of America, as well as the possible failure of AIG, people can not stop wondering what is going …
Probably the biggest news in the IT industry is the recent takeover proposal of Microsoft to Yahoo!. Yahoo!, not surprisingly, rejected the offer from Microsoft on Monday, and it seems that they have engaged in active discussions with News Group to prevent a hostile takeover from Microsoft. It actually reminded me of a Chinese movie …
Recently, I’ve been following very closely with the case of Societe Generale and now-infamous trader Jerome Kerviel, who is been blamed for causing close to 5 billion Euros of loss as a result of trading on futures contact. I was amazed, honestly, by the fact that he was able to, single-handedly (although this is being …
The sweetiest thing in this world today (to me at least), is to look at the stock for Ambac Financial Group Inc: Did you see how much it went up today? I am not kidding, it is close to 72% in one day!!!! And I just said it would go up today. MBI did a …
For anyone who had an observant eye on the NYSE today, it was an incredible morning. When the market was first opened, many stock literally plunged down to the bottom before starts to pick up again, particularly the stocks that were heavily related to Asian stock markets, which performed worse than poor yesterday. One of …
Major stock markets have seen the largest drop since September 11th. US is not open since it is a public holiday, let’s hope NYSE and NASDAQ will do better later today…