Lots of people are puzzling through the SEC’s fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, it’s a bit like a bookie and gambler teaming up to fix a horse race. SEC goes after Goldman from Marketplace on Vimeo.

Dow Jones Index crosses the symbolic 10000 figure. U.S. stocks rallied, sending the Dow Jones Industrial Average above 10,000 for the first time in a year, on better-than-estimated earnings at JPMorgan Chase & Co. andIntel Corp. Bank of America Corp., American Express Co. and JPMorgan more than doubled since the Dow slid to a 12-year [...]

Promise of a stable government? or Promise of a growing economy? Or both? Its great to the FII flowing again.   Foreign institutional investors (FIIs) have pumped in Rs 20,117 crore (US$ 4.3 billion) into the Indian equity markets in the month of May 2009 — the highest in 19 months. India’s market capitalisation (m-cap) [...]

In multiple interviews, Peter Schiff, explains that US Economy foundation is weaker and ‘the game is over America’.  He also predicted in detail what markets are affected, credit crunch and how it will lead to recession, only to be laughed away by rest of the Pros on TV.  We all should have watched it earlier [...]

There is a silver lining to the economic turbulence in Indian markets. Net effect of the economic turbulence is that top 10 firms in fact notched up their market valuations. Breaking its six-week long losing trend, country’s top 10 club added over Rs. 20,000 crores to the combined market valuation in the past week, even [...]