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Stellar Hotline, Thursday, November 20, 2008
No surprise, another negative morning of negative news on a negative market. Yesterday we saw the market down almost 500 points. I believe the exact number was 427 on the Dow, negative, which is a five and a half year low! Jobless reports this morning, also up over 500,000 lost jobs. We continue to look at negative market activities, but also know that bottoming will take effect, it’s just taking time. More...
Stellar Hotline, Tuesday, November 18, 2008
I apologize for the error in last weeks Thursday hotline regarding Citicorp and Circuit City. However, it was almost a self fulfilling prophecy and there are some significant negatives on Citicorp but we jumped the gun a bit, and for that I apologize. It was close though…they’re laying off 53,000 workers so, not untypical of all of the problems that have occurred recently More...
Stellar Hotline, Thursday, November 13, 2008
Correction: Circuit City has filed for bankruptcy not Citicorp. More...
| Stellar Monthly Newsletter |
Monthly Newsletter: November 1, 2008 - Vol 18 / Issue 11
If you’ve been a subscriber for very long, you probably know that I don’t place
much emphasis on the effect of politics on the market, other than attention. Other
than creating some uncertainty around the time of the election and tax cuts or hikes,
politics really doesn’t impact the market much. So now that the election is over, what kind of impact on the market can we expect from the new administration? Not much – at least in the short term. More...
Stock typically takes the form of shares of common stock (or voting shares). As a unit of ownership, common stock typically carries voting rights that can be exercised in corporate decisions. Preferred stock differs from common stock in that it typically does not carry voting rights but is legally entitled to receive a certain level of dividend payments before any dividends can be issued to other shareholders.Convertible preferred stock is preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Shares of such stock are called "convertible preferred shares" (or "convertible preference shares" in the United Kingdom).
