Financial Stocks Takes A Beating Due to adverse publicity over the Lehman Brothers saga, DBS stocks have fallen sharply. More than 2 billion dollars worth of value vaporized in a short week or two. My system had told me to short DBS 3 weeks ago using CFDs. At that time, I think the price was [...]
Popularity: 12% [?]
Regarding the Lehman Brothers saga, and the High Notes and Minibonds issues, one word that stood out was ‘greed’. When I watched the news last night, one woman admitted that it was greed that led her to put her money there. She was attracted by the 5% interest rate, instead of the less than 1% [...]
Popularity: 11% [?]
What a rollercoaster week it had been for the financial markets. First, Lehman Brothers take a hit, sending the markets into a tailspin, followed by Merrill Lynch and AIG. Bank stocks in Singapore plunged before bouncing back. Some of the events affect us. If you have AIA insurance policies, you may have been feeling very [...]
Popularity: 6% [?]