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The stock market has taken an 8 percent hit since early April as the European debt mess boils up again. Sunset Hills money-manager Joe Terril says investor behavior reminds him of a scene in the movie Casino.It’s a mob movie, and a bunch of Mafia chieftains are discussing who might rat them out to the FBI. One guy in question is Andy Stone.NICKY: It’s always better with no witnesses. So, what
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“There was way too much hype with Facebook,” said Philip Orlando, the New York-based chief equity strategist at Federated Investors. His firm oversees about $370 billion. “If it had enjoyed a better move, there would have been some coattails for the broader market. There’s pessimism related to Greece, there’s a G-8 meeting and nobody knows what’s going to come out of
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Singapore shares extended their fall on concerns aboutgrowing instability in Spanish banks and political turmoil inGreece, with banks, property and commodities stocks in thecity-state among the hardest hit.The Straits Times Index dropped as much as 2.1percent to 2,762.81 points, the lowest since Jan 16. The Singapore bourse has lost more than 4 percent so far this week.Southeast Asia’s largest
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(Reuters) – Solar stocks slumped to fresh lows on Friday as investors continued to punish Chinese solar companies a day after the United States said it would impose new duties on imports from the world’s leading solar manufacturer.Suntech Power Holdings (NYS: STP – News ) was down 4.2 percent, Trina Solar Ltd (NYS: TSL – News ) slid 5 percent and Yingli Green Energy (NYS: YGE – News ) dropped 7.5
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You see investing is part intelligence and part following the hype. A great company does not necessarily mean a great investment unfortunately. penny stocks are no different. You follow the hype and you profit if you time your investment right. I same time it right because the hype can fade just as quickly as it was created. So we are attracted to penny stocks because they are exciting. The
penny stocks are stocks that have a very low value and are traded outside of the big stock exchanges. These stocks have very thin volume. Due to the low value of these stocks and the thin volume of trade everyday, they are subject to a lot of manipulations. They are the most low-priced investments that you can locate in the stock market. Due to their low cost they tend to easily swing within the
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U.S. stocks were lower for the third straight week on Greece and European debt worries while Facebook’s ( FB – News ) highly anticipated IPO was a disappointment in the first day of trading Friday.A social media etf fell sharply on Friday amid the Facebook IPO. [Social Media ETF Down as Facebook Begins Trading] Stepping back, U.S. stocks continue to move lower on speculation Greece will soon leave
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