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General Motors, failed to save itself from bankruptcy after the deal to swap bonds for stocks fell through. The deal that was offered to bond holders on Wednesday would give out 10% of the company’s stocks in exchange for 27 billion dollars of bond debt. However, not enough bond holders came forward, instead choosing to [...] The pattern I posted about on Sunday did not form. The market opened, and UNG opened down. That was the end of the abandoned baby candlestick pattern. Although it did manage to get back up to 13.75 despite the downward gap. It is also at all time lows. Sorry for the late update, I lost my [...] Most people think that they understand interest rates, when in reality they do not. The interest rates you receive at a bank is more than just a number. They are extremely important, and without interest rates our economy would be more of a roller coaster than it already is. In economic terms, the interest rate [...] |
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