Archive for March, 2009

US Treasury unveils details of bad-asset plan

Submitted by WC Power Tech Fund
It is almost a certainty that no one has been under as much scrutiny in recent weeks as Tim Geithner, but the Head of the US Treasury, with the complete backing of the Obama administration has finally unveiled a much talked about plan to rid banks of the toxic assets [...]

Market Rally continues on Day 3 on Banking and Retail sectors

Submitted by WC Power Tech Fund
10 to 11% gains for the S&P, Nasdaq and Dow since the start of trading Tuesday as markets focused on positive news coming out of the banking and retail sectors. With the S&P up about 80 points (12%) since the 660s bottom, Traders must be wondering is it sustainable?
According to [...]

Time Warner Watching the Watchmen numbers

Submitted by WC Power Tech Fund
The movie business is a convoluted animal. Not only is profitability difficult to determine, the corporate structure of studios and production partners, along with a notorious history of skewered accountability on percentage based contracts, makes the exercise painstakingly complex. Add to this the lack of pure-play movie studio stocks (most [...]