Google (GOOG) announced its Q1 2009 results on Thursday, and for the first time ever, there has been a dip. Ouch! Revenue fell 3% for the quarter versus Q4 2008.
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It is now seven weeks of a bad stock market that has dropped the DJIA to new bear market lows. Our stance since Nov. 20 has been that the lows were seen and the market would thus start the bottoming process. In hindsight, our timing may have been too optimistic and the bottoming out for the bear could start somewhat lower.
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The good news is that it seems that the Chinese stimulus is taking some effect on the Chinese economy. Stimulus taking hold in China lifts stocks. Shanghai hits a five-month high. The problem with the Wall Street is that the investors, ahead of the three day weekend need to decide if they want to own stocks or sell them. This morning stocks open lower as financial shares remain under pressure and stimulus plan heads to votes in House and Senate.
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The investors did not hear to the economic stimulus plan and Geithner's bank rescue plan. Realizing that the first bailout did not work investors send the stocks down Dow Jones Industrial Average ending the day at three months low. The Dow Jones industrial average lost 382 points, or 4.6 percent, according to early tallies. NASDAQ lost 63 points and S&P lost 42.73 points, losing 4.91 percent of its value.
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On January 20th of 2009, as the now president Barak Obama takes the office and inherits the markets in a very bad shape, the trading session was deep in the red as the overall market sentiment turns bad on financial. Financial sector took a hard hit as the recent RBS, Royal Bank of Scotland (RBS.L) had announced the largest loss in UK corporate history.
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The U.S. stock market continued its steady downward slide on Wednesday, finishing at a point lower than any seen in the past 5 years.
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IAS360 House Price Index shows bright spots at the individual county level with 75 of the 360 counties showing month to month improvement in September
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(AN) - As America reels in the wake of the collapse of several giant institutions, as business declines in many and varied sectors, reports are emerging that the number of entrepreneurs wishing to go public is on the rise.
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After eight sessions of huge losses that sent the Dow Jones Industrial Average (DJIA) down nearly 2,400 points, the major indices all rebounded in early Monday trading on moves in Europe to stabilize their banking system and news that the Federal Reserve and Treasury Department are meeting today with "leading financial market participants" to finalize the market stabilization initiative.
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It seems that no news or measure that the U.S. takes can stem the blood loss. Despite news that the U.S. is considering taking equity stakes in banks to inject liquidity quickly into the financial markets, the Dow Jones Industrial Average (DJIA) continued its dizzying slide.
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Despite attempts to staunch the blood flow, the Dow Jones Industrial Average (DJIA) and all other stock market indices continue to bleed heavily, as the market closed down another 500 points on Tuesday.
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