Wallstreet is Angry!

The sudden recovery that investors were enjoying is over. The economic data just couldn’t supoort the wonderous recover the stock market was enjoying. It happens. My portfolio lost about 18% of its value which I think is pretty good.(I’m still positive on ROI) How has this dip affected others? Please, comment with your opinions and [...]

General Motors’ Appeal to Bond Holders Failed

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 [...]