by MaxGanik | May 27, 2012 | Blog, Finance & Economics
Posted May 27, 2012 17:29 At the beginning of the week, all three major indices rallied around 2%. The general consensus was that it was an oversold bounce. This was true, but once Tuesday came along it seemed as though the rally faded away. The market was up in the...
by MaxGanik | May 20, 2012 | Blog, Finance & Economics
Posted May 20, 2012 13:48 The much anticipated Facebook IPO finally came…and went. The hype of the IPO was overdone, as Facebook closed the day null… that’s right null. Everyone, including me, estimated that Facebook would at least close the day up 25- 30%. The hype...
by MaxGanik | May 14, 2012 | Blog, Finance & Economics
Posted May 14, 2012 11:49 This past week in the market was very stressful for most investors. Sunday night, futures indicated a triple-digit decline for Monday mornings. Supposedly, this was the result of the recent European elections. But, the market only closed...
by MaxGanik | May 8, 2012 | Blog, History
In 2008, the economy endured one of its most catastrophic crashes since 1929 due to the housing bubble burst. This destructive housing bubble burst wiped out people’s investments and ruined many people’s lives. Many Americans went from expecting a prosperous future to...
by MaxGanik | May 6, 2012 | Blog, Finance & Economics
Posted May 6, 2012 17:08 The April jobs number showed that only 115,000 jobs were added. Although the unemployment sunk to 8.1%. This number made the market sell-off around 2%. This past week, the ADP number came out and reported 119,000. In the beginning of the year,...