Some say cash is king. And today, many are saying it loudly.
According to The Wall Street Journal, 64,000 companies bit
the dust and filed for bankruptcy in 2008. And, terrifyingly still,
credit markets are bracing for significant increases in corporate
default rates in 2009.
Forbes recently ranked Berkshire Hathaway
Chairman Warren Buffett as the second-richest man in the world, with an
estimated net worth of $37 billion. Although his net worth has dropped
by a cool $25 billion over the preceding 12 months, it's still an
Thanks to the recent rally, you may be feeling pretty good about yourself. After all, Dow members such as Cisco Systems (Nasdaq: CSCO), United Technologies (NYSE: UTX), and 3M (NYSE: MMM) are all up 28% or more since March 9. If you're new to the market, you may be thinking that this stock-picking stuff is easy money.
It won't be long before Google (Nasdaq: GOOG) and Microsoft (Nasdaq: MSFT) tighten their boxing gloves and go at one another in the ring.
Pssst. I've got a stock tip for you. Three of them, actually.
Each of these stocks has been savaged over the past several years and,
hey, analysts say each of them is at least a double.
Do you know the five best years to have bought stocks in the past four decades? They were 1974, 1982, 1987, 1990, and 2002.
New York, July 11: The Food and Drug Administration (FDA) gave a go ahead to Effient, the highly anticipated blood thinner from the Indiana based Eli Lilly &Company (NYSE: LLY) and Tokyo based Daiichi Sankyo Co. (TYO: 4568)
London, July 11: The Royal family of Britain has expanded its kingdom online – they have signed on to the popular micro-blogging site Twitter.