Author Nick: prconfidential
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The signs point to more troubles ahead. The stock market is in bear market territory for small-caps with the collapse on Thursday. There were several technical breaks materializing on the broad-based heavy selling. The small-cap Russell 2000 is a mess, down 17.89% this year and 25.46% from its 52-week high. The S&P appears to be [...]
Falling Chinese real estate prices are becoming a big concern…and the after-effect could reach America. Sixty-six million people live in Beijing, Shanghai, Guangzhou and Shenzhen and these four big cities are seeing the price of homes softening. Chinese real estate prices could fall as much as 20% to 30% next year in these cities, according [...]
The American corporate profit machine is in full swing: Stock market darling Google Inc. (NASDAQ/GOOG) reported late last week that its third-quarter profit hit $2.73 billion on sales of $9.72 billion. Earnings and revenue grew 26% and 33%, respectively, from the same period of last year. This morning, troubled Citigroup, Inc. (NYSE/C) announced that it [...]
The American corporate profit machine is in full swing: Stock market darling Google Inc. (NASDAQ/GOOG) reported late last week that its third-quarter profit hit $2.73 billion on sales of $9.72 billion. Earnings and revenue grew 26% and 33%, respectively, from the same period of last year. This morning, troubled Citigroup, Inc. (NYSE/C) announced that it [...]