Current Financial News

Bad Prom DateLike a bad prom date, some dudes (or industries) just don't know when to stop or understand the meaning 'No'. Kenneth D. Lewis, chairman, chief executive officer and president of Bank of America will receive American Banker's 2008 Banker of the Year Award.  Get ready for the Party.

Visa (V) and Mastercard (MA): Bring it On

GoodfellasThe Masters have been thinking about these two power house stocks lately, they have been beat with an ugly stick and then some, both stocks are way down on their luck.  But as theStreet.com points out - Visa, MasterCard Can Tough This Out

Almost time to Buy Boeing (BA)

Its about time, The Boeing Co. (NYSE:BA)and the International Association of Machinists and Aerospace Workers reached tentative agreement on a new four-year contract late Monday.  If they can agree, sign it and move on to making planes, its time to take a chance on BA shares.

Gordon GekkoJapan's 26-year low will shake the conventional investing wisdom to its crumbling foundation. Investing for the long term is one thing. Investing for a long-term that might have to defined as "many decades" is another. We are not aware of any other developed country stock market that has traded at less than one-fifth of its peak value after 26 years. We hope we never see one again. To put that in a horribly familar context, the equivalent in our market would be DOW 2,800 in 2034.

Steve Kroft reports, essentially they are side bets on the performance of the U.S. mortgage markets and the solvency on some of the biggest financial institutions in the world. It's a form of legalized gambling that allows you to wager on financial outcomes without ever having to actually buy the stocks and bonds and mortgages.

Check Yo Self Friday, Oil Stocks

ICE CUBE - CHECK YO SELFYet another 300 point loss on a Friday, TGIF indeed.  But at least gas is getting cheaper and with that the stocks that make up those wonderful oil companies.  Alas, time to check yo self.

We all hear about how bad Las Vegas is doing but if your money is invested there I'm sure you feel even worse.  The Las Vegas Sands (NYSE:LVS) is down 20% today trading in the $6 range and its competitors aren't doing much better.  Feel like hitting the bottle yet?

5 Stocks to Buy if Obama Wins

Chocolate NewsSA ran this story a month ago, the stocks the author listed were: ACN, ENER, GE, ICLR, LDK.  However what's more important to think about is 'what do you think is best to buy should Obama win?'  And for a less serious thought, David Alan Grier and his 2 cents on the Presidential race.

Digging way back into the Stockmastery archives, I wrote an article entitled AK Steel Holding  Corporation (AKS) - Acquisition target? I guess I was wrong about the Acquisition happening at the time. What I wasn’t wrong about was the value of AK Steel (Public, NYSE:AKS). The stock rose from $14 in 2006 all the way to $73.07 in May of 2008. That’s a 421% gain in just 2 years. Then in late June of this year, the stock completely lost it like Scotty Nyugen at the WSOP in the $50k HORSE Championship. The stock is currently trading back down at the $10 level.

Great story on WallStNation.com about the impact of more hedge funds closing, the answer for you?  Cash is King.