Bullish comments from Warren Buffett and better-than-expected earnings from Google Inc. (NASDAQ:GOOG) and International Business Machines Corp. (NYSE: IBM) may not help boost the stock market. Futures were down because of lingering concerns about consumer confidence. Markets in Europe are rallying and were mixed in Asia. President Bush also is scheduled to give a "pep talk" to investors today. Writing in the New York Times, Buffett said he is buying American stocks. "Let me be clear on one point: I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month - or a year - from now., " he writes. "What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up."
Here is a look at other news which may interest investors:
- OPEC called an emergency meeting as oil slipped below $70 a barrel
- Small businesses are feeling the effect of the Wall Street layoffs
- According to the Wall Street Journal, lenders are eager for General Motors Co. (NYSE:GM) and Chrysler LLC.
- Companies are finding it difficult to get financing when they are in bankruptcy.
- New York Attorney General Andrew Cuomo reached a deal with American International Group Inc. (NYSE: AIG) to review compensation paid to former executives.
U.S. Justice Department turns an eye on the telecoms
Serious Money: Three stocks that beat the market
Closing Bell: The wishy-washy return to Q3 (AA, DDUP, EMC, DNDN, CVX, FSLR, GS)
Reader Comments (Page 1 of 1)
10-31-2008 @ 10:58PM
harry reems said...
HEY BARR YOU DON'T KNOW SHIT!