This monday is one of the worst mondays since great depression. Stocks posted big losses in markets across much of the globe as investors absorbed bankruptcy plans at Lehman and Merrill Lynch’s forced sale to Bank of America for $50 billion in stock. And perhaps most ominously, American International Group Inc. is asking the Federal [...]
First Marblehead symbol: FMD: This is a high risk, high reward stock. It is unclear when the company will be able to complete its next securitization of student loans into asset backed securities but when it does so the future of the company will gain a significant amount of clarity. Goldman Sachs took a large [...]
BusinessWeek has some good advice on how to invest during a recession. Their keys:
1. Don’t get rattled by the uncertainty.
2. If you trade stocks, be careful how you do it.
3. Diversify, and go international.
4. Defensive moves might help you relax, but they’ll probably hurt your returns.
5. Make sure you have enough cash
Stumble it!