US governments helps CitiGroup - who will be next?

Yesterday US government officials announced that the state will help another US banking group - Citi Group. Firstly, the government will directly invest $20 billion in the company (CitiGroup will issue preferred stocks). Secondly, US state will secure over $300 billion in securities and loans. This is another “try” to calm the markets and fight [...]

Dow Jones reached 6-year low, stock market crisis continues

Today Dow Jones Industrial Average closed at 7,552.29 points. It is around the lowest level in more than 10 years, which was achieved 6 years ago in 2002 (it was around 7,500 points). In 2002 we had a beginning of the 5-year bull market. The top was reached in 2007 at around 14,000 points. It [...]